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VRTX

Vertex Pharmaceuticals' stock is up following positive results from its Phase 2 study of VX-548 for treating painful diabetic peripheral neuropathy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:24 pm

CI

HUM

IYH

PFE

SGEN

SHAK

On CNBC's 'Halftime Report Final Trades,' Shake Shack CEO Randy Garutti announced his retirement in 2024, with the company expecting Q4 revenue in line with consensus. Humana was highlighted for its earnings multiple, while Cigna ended acquisition talks with Humana over price disagreements. Pfizer was noted for its high dividend yield and its donation of Bavencio royalties to address FTC concerns regarding its acquisition of Seagen, which is expected to close on Dec. 14. The iShares U.S. Healthcare ETF was also picked, with all mentioned stocks and ETFs experiencing gains in the last session.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:22 pm

GGR

JP Morgan analyst Bill Lin has upgraded Gogoro (NASDAQ:GGR) from Underweight to Neutral and set a price target of $2.2 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:18 pm

NEGG

Newegg Commerce, Inc. (NASDAQ:NEGG) is participating in the TikTok Shop Holiday Deals promotion, offering over 1,300 deals through its TikTok channel and the profiles of over 10,000 TikTok creators. The sale includes digital coupons and discounts for up to an additional 30% off, with popular items like Xbox wireless controllers, headphones, computer monitors, and earbuds. The promotion, which enhances the shopping experience on TikTok, runs until 11:59 p.m. PST on Dec. 16.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:17 pm

AAPL

FXCOF

Foxconn Technology Co., Ltd. (OTC:FXCOF) has received approval to invest an additional $1 billion in its India-based manufacturing plant for Apple Inc. (NASDAQ:AAPL) devices. This raises Foxconn's total investment in the Bengaluru site to approximately $2.7 billion. The move is part of a strategic shift away from China, reflecting economic challenges and U.S.-China tensions. The investment will expand production capacity, potentially including iPhones, and may also support manufacturing of electric vehicle parts for other clients. AAPL shares rose 0.47% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 13, 2023 | 1:16 pm

INCY

Leerink Partners analyst Andrew Berens has upgraded Incyte (NASDAQ:INCY) from Market Perform to Outperform and set a price target of $78. This upgrade reflects a positive outlook on Incyte's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:16 pm

CMI

Cummins Inc. (NYSE:CMI) has experienced a 15.46% increase in short interest since its last report, with 1.58 million shares sold short, representing 1.12% of its float. The short interest is below the peer group average of 4.47%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:15 pm

AEP

American Electric Power (NYSE:AEP) has seen a 13.82% rise in short interest since the last report, with 7.35 million shares sold short, representing 1.4% of available shares. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, AEP has less short interest compared to its peers' average of 2.35%. The article suggests that high short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:15 pm

EXC

Exelon Corporation (NYSE:EXC) has seen a 14.18% decrease in short interest since its last report, with 11.43 million shares sold short, representing 1.15% of its float. The trading volume suggests it would take 1.6 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Exelon's short interest is below its peer group average of 2.36%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:15 pm

AAIC

EFC

Arlington Asset Investment announced its intention to voluntarily delist from the NYSE in connection with its anticipated merger with Ellington Financial. The company plans to file a Form 25 with the SEC on December 26, 2023, with the expected last trading day of the Senior Notes on the NYSE being January 5, 2024. No arrangements have been made for the Senior Notes to be listed or registered on another exchange or quoted on another medium.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:09 pm