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AAMC

AXR

BNL

COMP

SQFT

Five real estate stocks with high RSI values, indicating potential overbought conditions, are highlighted for investors who follow momentum trading strategies. Altisource Asset Management (AAMC) saw a CEO departure and a significant stock jump. Presidio Property Trust (SQFT) reported a Q3 loss but its stock also surged. AMREP Corporation (AXR) posted a Q1 profit with a notable stock increase. Broadstone Net Lease (BNL) reported lower sales in Q3, yet its stock rose. Compass, Inc. (COMP) had downbeat Q3 results but experienced a stock jump.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 1:33 pm

BRLT

Brilliant Earth Group, Inc. (NASDAQ:BRLT), a leader in ethically sourced fine jewelry, has announced a share repurchase program authorized to buy back up to $20 million of its Class A common stock. The program reflects the company's confidence in its stock value and is supported by its strong balance sheet. The repurchases are subject to various factors, including market conditions and regulatory requirements, and may be conducted through open market purchases or privately negotiated transactions until December 8, 2026.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:33 pm

SFIX

Barclays analyst Trevor Young has maintained an Equal-Weight rating on Stitch Fix (NASDAQ:SFIX) but has reduced the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:30 pm

XOM

Exxon Mobil Inc. (NYSE:XOM) has seen a slight increase in its stock price in the current session, but experienced declines over the past month and year. Its P/E ratio of 9.89 is higher than the industry average of 7.73, which could suggest the stock is overvalued or expected to perform better. Investors are advised to consider the P/E ratio alongside other metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 1:30 pm

AVGO

Citigroup analyst Christopher Danely has reinstated a Buy rating on Broadcom (NASDAQ:AVGO) and set a price target of $1100 for the stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:30 pm

CI

Cigna's stock price has risen after reports that the company has dropped its plans to acquire Humana. Additionally, Cigna announced an increase in its share buyback program by $10 billion, which is likely to be viewed positively by investors as it could indicate confidence by management in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:28 pm

BASE

Barclays analyst Raimo Lenschow has maintained an Overweight rating on Couchbase (NASDAQ:BASE) and increased the price target from $21 to $23, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:26 pm

AAGR

African Agriculture Holdings Inc. (NASDAQ:AAGR) announced plans to expand alfalfa production in Senegal following its merger and Nasdaq listing. The company aims to increase land utilization from 300 to 1,000 hectares and enhance production in 2024. AAGR's strategy includes broadening product offerings and expanding geographically, leveraging Africa's arable land to address global food security.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:19 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) provided an update on its business strategy, including the partial spin-off of its Bentrio business, transition to a pure-play RNA delivery company, and financial restructuring. The company completed the Bentrio transaction, retaining a significant stake and potential future income. Altamira is also partnering its legacy assets and advancing its RNA delivery platforms, OligoPhore and SemaPhore. Cost reductions and debt repayment have strengthened the balance sheet. A 20-for-1 reverse stock split is planned to comply with Nasdaq listing rules and attract institutional investors.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:18 pm

VICI

Mizuho analyst Haendel St. Juste has maintained a Buy rating on VICI Properties (NYSE:VICI) but has reduced the price target from $34 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:17 pm