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Stock Prices

SOFO

Sonic Foundry (NASDAQ:SOFO) is scheduled to release its quarterly earnings report on Tuesday, 2023-12-12. Analysts predict an EPS of $-0.39. Investors will be looking for an earnings beat and positive guidance for the next quarter. Sonic Foundry's stock has been trading at $0.35 as of December 07, with a 52-week decline of 81.43%. Past earnings performance has shown mixed results with both beats and misses, and varied stock price reactions.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:00 pm

LII

Stephens & Co. analyst Rob McCarthy has upgraded Lennox Intl (NYSE:LII) from Equal-Weight to Overweight and set a price target of $550.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:59 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) stock is trading lower due to a decline in Bitcoin's price after a recent surge. Bitcoin's pullback is attributed to profit-taking following a 13% rally over the past week and a 150% increase year-to-date. The broader crypto market's rally has been driven by institutional interest and expectations of a potential Bitcoin ETF and a pause in Federal Reserve rate hikes. Despite the drop, Coinbase shares are still up 60% over the last month.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 1:58 pm

MTN

Vail Resorts, Inc. (NYSE:MTN) reported a Q1 loss of $4.60 per share, missing market estimates by $0.08, and sales of $258.56 million, below expectations of $271.01 million. Despite the earnings miss, the stock rose 4.1% to close at $225.87. The company pays a quarterly dividend of $2.06 per share, with an annual yield of 3.65%. To earn $500 monthly from dividends, an investment of approximately $164,433, or 728 shares, is needed.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 1:58 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) announced positive results from the ALPHA Phase 3 trial of danicopan as an add-on therapy to Ultomiris or Soliris in PNH patients. The trial showed sustained clinical benefits, including improved hemoglobin and ARC levels, and met all key secondary endpoints. Danicopan was well tolerated with no new safety concerns. AZN shares saw a slight increase of 0.28% in premarket trading.

Portfolio Pulse from Vandana Singh

December 11, 2023 | 1:58 pm

JD

JD.com's stock is trading lower following the announcement that the company will be removed from the Nasdaq-100 Index, which may affect investor perception and the stock's visibility among index-tracking funds.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:57 pm

AMD

BIDU

NVDA

TCEHY

TSM

Chinese companies, including Tencent Holdings Ltd (TCEHY) and Huawei, are promoting their AI chips as alternatives to Nvidia Corp's (NVDA) products amid U.S. export restrictions. Nvidia holds a dominant position in China's AI chip market, but these restrictions have opened opportunities for companies like Hygon Information Technology and Iluvatar CoreX. Tencent is also offering its Zixiao chips through its cloud services, which include options from Nvidia and Advanced Micro Devices, Inc (AMD). Baidu Inc (BIDU) and other Chinese tech firms are seeking domestic AI chip sources, while Taiwan Semiconductor Manufacturing Company Ltd (TSM) faces U.S. curbs on working with Chinese firms. Nvidia's stock saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 1:56 pm

CI

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