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NVO

A study reveals that the real-world effectiveness of GLP-1 agonists like Novo Nordisk's Ozempic and Wegovy is lower than clinical trials suggest. Despite high demand and FDA approvals for expanded use, patients experience less weight loss in practice, with high discontinuation rates.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 3:27 pm

BWXT

BWX Technologies shares rose following Deutsche Bank's decision to maintain a Buy rating and increase the price target from $113 to $129.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:25 pm

STLA

Stellantis shares declined following a downgrade by Barclays from Overweight to Equal-Weight, coinciding with a reported year-over-year decrease in total U.S. sales by the FCA.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:23 pm

MSFT

RZLV

Rezolve AI Limited (NASDAQ:RZLV) shares surged after announcing a strategic partnership with Microsoft Corporation (NASDAQ:MSFT) to enhance global retail innovations using AI-powered commerce solutions. The partnership includes hosting Rezolve's Brain Suite on Microsoft Azure and extensive Go-to-Market support from Microsoft.

Portfolio Pulse from Vaishali Prayag

October 03, 2024 | 3:21 pm

CLSK

RIOT

CleanSpark and Riot Platforms released their September Bitcoin mining updates, showing increased production. CleanSpark mined 493 Bitcoin, while Riot mined 412 Bitcoin. Both companies reported improvements in their operational hashrates. Despite these positive updates, CleanSpark and Riot shares were down slightly.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 3:18 pm

EL

Estee Lauder Cos Inc. (NYSE:EL) shares are currently priced at $95.22, reflecting a 1.96% decrease. The stock has risen 5.76% over the past month but decreased 34.42% over the past year. Its P/E ratio of 89.93 is higher than the industry average of 50.26, suggesting potential overvaluation or better future performance expectations.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 3:16 pm

BILI

Bilibili Inc (NASDAQ:BILI) shares fell 9.44% after a 90% surge, driven by optimism over China's stimulus measures. The decline is linked to geopolitical tensions in the Middle East affecting investor sentiment. Bilibili, a major Chinese video-sharing platform, faces challenges from market volatility and regulatory pressures.

Portfolio Pulse from Henry Khederian

October 03, 2024 | 3:15 pm

VST

Vistra shares are trading higher following RBC Capital's decision to maintain an Outperform rating and raise the price target from $105 to $141.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:15 pm

EQX

Equinox Gold (EQX) shares fell 5.3% after announcing a secondary offering of 24.76 million shares following the conversion of a $130 million convertible note. The company will not receive proceeds, but the conversion reduces debt and boosts liquidity.

Portfolio Pulse from Henry Khederian

October 03, 2024 | 3:13 pm

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares are declining after shareholders approved a 1-for-20 reverse stock split to meet Nasdaq's minimum bid price requirement. The stock will trade on a split-adjusted basis starting October 9, 2024. The reverse split will significantly reduce the number of outstanding shares.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 3:11 pm