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SABS

VRME

Insiders at four companies have recently made notable purchases of their own company's stock, signaling potential confidence in their respective companies' futures. SAB Biotherapeutics' Executive Chairman acquired 11,000 shares, following the announcement of dosing trial participants in Australia. Earth Science Tech's CEO bought 230,000 shares after the company reported a net profit for its fiscal second quarter. Butler National's 10% owner purchased 25,272 shares, subsequent to FAA approval for Avcon Industries' modifications in King Air Model B300 Airplanes. VerifyMe's Director acquired 1,800 shares after the company posted upbeat quarterly results. These transactions may influence investors' perspectives on these penny stocks.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 3:23 pm

BNTX

ESTC

IMGN

LULU

MKTW

MRVL

PVH

ULTA

VSCO

Wall Street analysts have updated their price targets and ratings for several companies. RBC Capital raised The Chemours Company's target and upgraded the stock. Guggenheim increased ImmunoGen's target but downgraded the stock. Keybanc lowered Marvell Technology's target but maintained a positive rating. Citigroup raised Lululemon's target and maintained a Buy rating. JP Morgan decreased BioNTech's target and downgraded the stock. UBS raised MarketWise's target but downgraded the stock. Citigroup increased Ulta Beauty's target with a Neutral rating. Wells Fargo raised Elastic's target and upgraded the stock. Telsey Advisory Group increased targets for PVH Corp. and Victoria's Secret, maintaining positive and neutral ratings respectively.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 3:22 pm

DELL

ESTC

PATH

POLA

ULTA

UiPath Inc. (NYSE:PATH) shares increased by 13% in pre-market trading after reporting Q3 financial results that exceeded expectations, with revenue at $325.92 million and EPS at 12 cents. Other stocks showed significant movement in pre-market trading, with notable gainers including Aditxt, Inc., Biora Therapeutics, Inc., and Elastic N.V., and losers such as Polar Power, Inc., and Dell Technologies Inc.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 3:17 pm

MARA

MSTR

Marathon Digital Holdings Inc (MARA) shares rose 7.4% amid a surge in Bitcoin prices following MicroStrategy Inc's (MSTR) purchase of 16,130 Bitcoins. The SEC's acknowledgment of Fidelity's filing for an Ethereum ETF also contributed to the positive sentiment in crypto stocks. Bitcoin miners like MARA benefit from higher Bitcoin prices, which can lead to increased revenue and profitability.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 3:17 pm

SPY

Fed's Goolsbee warns that economic shocks can still occur and past instances of soft landings have been disrupted by such unexpected events. This statement suggests that while the economy may be on a path to a soft landing, unforeseen circumstances could still pose risks.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 3:16 pm

MRIN

Marin Software Inc (NASDAQ:MRIN) shares rose 6.5% to $0.33 after announcing support for Qihoo 360, expanding advertising options in China. The integration allows Marin users to access a significant portion of the Chinese search market and optimizes ad campaigns with Marin's tools. CEO Chris Lien emphasized the potential benefits for digital marketers using Qihoo 360's advanced search capabilities through MarinOne. MRIN's 52-week trading range is between $27.85 and $54.60.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 3:16 pm

ULTA

Ulta Beauty Inc (NASDAQ:ULTA) saw its shares rise in premarket trading following a strong third-quarter earnings report. Analysts from Piper Sandler, BMO Capital Markets, and Telsey Advisory Group provided insights, with Piper Sandler raising the price target from $540 to $572, BMO Capital Markets maintaining a target of $485, and Telsey Advisory Group setting a target of $600. The company outperformed expectations with earnings of $5.07 per share against a consensus estimate of $4.96, driven by sales growth, gross margin management, and cost control. Despite a challenging consumer environment, Ulta is managing well with strategies such as increased marketing and promotional activities.

Portfolio Pulse from Priya Nigam

December 01, 2023 | 3:14 pm

PAAS

Pan American Silver (NYSE:PAAS) will pay a dividend of $0.10 per share on December 1, 2023, with an annualized yield of 2.63%. Shareholders eligible for this dividend must have held the stock before November 17, 2023. The company has maintained a steady dividend despite a decrease in earnings per share from $0.43 in 2019 to $0.30 in 2022, indicating a focus on shareholder returns over earnings growth.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:05 pm

RTX

Curtiss-Wright (NYSE:CW) is distributing a dividend of $0.20 per share with an annualized yield of 0.38%. Shareholders as of November 21, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $0.66 in 2019 to $0.75 in 2022, and earnings growth from $7.05 to $7.61 per share from 2019 to 2022. This suggests financial health and potential for continued profit distribution. RTX (NYSE:RTX) has a higher annualized dividend yield at 2.90%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:05 pm

SYY

Sysco (NYSE:SYY) is distributing a dividend of $0.50 per share today, with an annualized yield of 2.84%. The dividend went ex-dividend on January 4, 2024. Sysco's dividend per share has increased from $1.62 in 2019 to $1.94 in 2022, showing a commitment to shareholder value. However, earnings per share decreased from $3.62 in 2019 to $3.40 in 2022, raising concerns about the sustainability of future dividends.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:05 pm