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ANIX

CERE

DARE

MODD

PHIO

VNDA

WVE

In Thursday's pre-market session, several healthcare stocks experienced significant movements. Dare Bioscience (DARE) led the gainers with a 31.1% increase, while Phio Pharma (PHIO) saw the largest decline, dropping 34%. Other notable movers included Anixa Biosciences (ANIX), Vanda Pharma (VNDA), and Cerevel Therapeutics Hldg (CERE) with substantial gains, and Modular Medical (MODD) and WAVE Life Sciences (WVE) with notable losses.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

ASLE

BYU

GRFX

JBLU

MCOM

NKLA

SATL

SGBX

VIEW

VINO

In Thursday's pre-market session, several industrial stocks showed significant movement. Satellogic (SATL) shares surged by 21.9%, while View (VIEW) and AerSale (ASLE) also saw considerable gains of 17.14% and 15.08%, respectively. JetBlue Airways (JBLU) and Safe & Green Holdings (SGBX) rose by 8.03% and 7.91%. Gaucho Group Holdings (VINO) increased by 7.72%. On the downside, Baiyu Holdings (BYU) dropped by 22.7%, Nikola (NKLA) by 20.61%, and OceanPal (OP) by 6.17% after Q3 earnings. Micromobility com (MCOM), Graphex Gr (GRFX), and Bloom Energy (BE) also experienced declines.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:07 pm

BRZE

CXM

CYN

HTCR

MLGO

MRIN

RCAT

SAI

SMTC

VRNT

ZFOX

In Thursday's pre-market session, several information technology stocks showed significant movement. Cyngn, MicroAlgo, Semtech, Verint Systems, HeartCore Enterprises, and Braze experienced gains, with Cyngn leading at a 108.4% increase. On the other hand, Red Cat Holdings, Sprinklr, SAI.TECH Global, C3.ai, Marin Software, and ZeroFox Holdings saw their stock prices fall, with Red Cat Holdings dropping by 29%. The movements were largely attributed to recent Q3 earnings reports, with Semtech, Verint Systems, Braze, Sprinklr, and ZeroFox Holdings having released their earnings within the last two days.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:06 pm

CYN

Shares of Cyngn Inc. (NASDAQ:CYN) surged after the company announced a new patent for its autonomous vehicle technology. The patent, US-11,837,089-B2, covers a modular extensible behavioral decision system that integrates environmental factors for AV decision-making. Cyngn's DriveMod solutions aim to provide advanced automation with humanlike driving capabilities across various vehicle types without the need for infrastructure changes. CEO Lior Tal emphasized the importance of protecting their intellectual property to maintain a competitive edge.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 1:04 pm

TECK

Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on Teck Resources (NYSE:TECK) but reduced the price target from $47 to $45.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:03 pm

CAG

The article discusses the appeal of high-yielding dividend stocks in the consumer staples sector during market uncertainty. It highlights three stocks with recent analyst ratings and price target adjustments: Philip Morris International Inc. (PM), Conagra Brands, Inc. (CAG), and Kellanova (K). The analysts mentioned have high accuracy rates and have provided ratings and revised price targets for these companies, which have also reported their latest financial results.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:01 pm

FMC

Over the past 3 months, 16 Wall Street analysts have published their ratings on FMC Corporation (NYSE:FMC), with an average price target of $78.44, which is significantly higher than the current price of $54.72. The consensus among these analysts is leaning towards a bullish outlook, with 2 bullish, 8 somewhat bullish, and 6 indifferent ratings. No bearish or somewhat bearish ratings were reported. The current average price target represents a decrease of 22.47% from the previous target of $101.17.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:00 pm

ABBV

CERE

Cerevel Therapeutics Holdings, Inc. (CERE) shares surged approximately 15% in pre-market trading after AbbVie Inc. (ABBV) announced plans to acquire Cerevel for $8.7 billion, or $45 per share in cash. The acquisition is expected to close in mid-2024. Other stocks experienced pre-market movements, with notable gainers including Hempacco Co., Inc. (HPCO), MicroAlgo Inc. (MLGO), and AerSale Corporation (ASLE), and significant losers such as ZyVersa Therapeutics, Inc. (ZVSA), Red Cat Holdings, Inc. (RCAT), and Chewy, Inc. (CHWY).

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 12:59 pm

HOFT

Hooker Furnishings Corp (NASDAQ:HOFT) reported Q3 FY24 sales of $116.83 million, a 22.9% decrease Y/Y but slightly above analyst estimates. EPS was $0.65, surpassing the $0.26 consensus. Despite the housing market slowdown, the company saw gross margin expansion and declared a quarterly dividend increase of 4.5%. Shares closed lower by 1.08% at $20.09.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 12:58 pm

AZO

Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $2750 to $2900.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:55 pm