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PSTX

SNAP

Poseida Therapeutics (PSTX) presented positive early results from its Phase 1 trial of P-BCMA-ALLO1 for multiple myeloma at the ASH Meeting, causing a 73% surge in its stock. Cigna (CI) shares rose 14% after it reportedly dropped plans to acquire Humana and announced a $10 billion buyback. Snap (SNAP) shares increased by 6% following an upgrade by Wells Fargo from Equal-Weight to Overweight and a price target raise from $8 to $22.

Portfolio Pulse from ryanfaloona@benzinga.com

December 11, 2023 | 1:56 pm

IRTC

Citigroup analyst Joanne Wuensch has upgraded iRhythm Technologies (NASDAQ:IRTC) from Neutral to Buy and set a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:56 pm

SNAP

Snap Inc. shares have risen following an upgrade by Wells Fargo from Equal-Weight to Overweight, with a significant increase in the price target from $8 to $22.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:55 pm

LCID

Lucid Group's stock (LCID) is trading lower following the announcement that it will be removed from the Nasdaq-100 Index, which may affect investor perception and index fund compositions.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:53 pm

BBGI

CAUD

FERN

GOLQ

LGIQ

TCOA

Collective Audience, Inc. (NASDAQ:CAUD) has appointed Peter Bordes as CEO, succeeding Brent Suen. Bordes brings over 30 years of experience in AdTech, media, AI, fintech, and technology sectors. Suen praised Bordes' leadership and vision, which align with the company's goals to build a full stack integrated platform, acquire complementary technologies, and form new partnerships. Bordes' appointment is expected to open new business opportunities and drive growth. He has been an influential angel investor and holds board positions at several companies. In connection with his hiring, Bordes received 71,429 shares of restricted common stock of Collective Audience, vesting over six months.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm

PVH

Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on PVH Corp (NYSE:PVH) and increased the price target from $110 to $140, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm

ACI

ASAN

SAN

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying Banco Santander (SAN) due to its strong performance in Brazil and Mexico. He expressed skepticism about the Kroger (KR) and Albertsons (ACI) merger, predicting government intervention to block it. Cramer also commented on Asana (ASAN), stating he wants to see profitability before endorsing the stock. SAN shares rose 1.2%, ASAN gained 3.9%, KR fell 0.5%, and ACI increased by 0.7% in Friday's trading session.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 1:50 pm

SWN

Citigroup analyst Paul Diamond has upgraded Southwestern Energy (NYSE:SWN) from Neutral to Buy and set a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm

HUM

Cigna Group (NYSE:CI) shares rose after the company ceased acquisition talks with Humana Inc (NYSE:HUM) due to price disagreements. Cigna announced a $10 billion increase in share repurchase authorization, planning to buy back at least $5 billion in stock by mid-2024, including an accelerated repurchase in Q1 2024. Despite the failed deal, Cigna remains focused on smaller acquisitions and reaffirmed its 2023 and 2024 earnings outlook. CI shares jumped 13.6% to $293.89, while HUM shares increased 1.95% to $491.00 in premarket trading.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 1:47 pm

CXM

Barclays analyst Raimo Lenschow has maintained an Overweight rating on Sprinklr (NYSE:CXM) but has reduced the price target from $18 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:47 pm