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AGLE

Aeglea BioTherapeutics has changed its name to Spyre Therapeutics and will trade under the symbol 'SYRE' starting November 28, 2023. The company appointed Cameron Turtle as CEO and added industry veterans Jeffrey Albers and Laurie Stelzer to its Board of Directors. Spyre is expanding its leadership team to develop therapeutic combinations for IBD, with lead programs SPY001 and SPY002 entering clinical studies in 2024. The company has a financial runway into 2026 with $205 million in cash and equivalents as of September 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:42 pm

ADBE

AFRM

PYPL

SPY

Adobe's 'Buy Now Pay Later' feature is projected to reach a record high in usage during Cyber Monday in the US, with an expected contribution of $782 million to online spending, marking an 18.8% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:35 pm

FCG

USO

Oil prices fell as OPEC+ postponed its meeting to discuss output quotas due to a dispute over African quota with Nigeria and Angola. Brent crude dropped below $80 a barrel, and WTI fell to $74.61. The USO ETF declined by 1.7% in pre-market trade, while the FCG ETF was down 2.6%. High supply and lower demand, along with record U.S. production and warmer weather, are influencing the market. Saudi Arabia and Russia may consider deeper production cuts at the upcoming meeting, which could impact prices.

Portfolio Pulse from Neil Dennis

November 27, 2023 | 1:34 pm

SHOT

Safety Shot, Inc. (NASDAQ:SHOT) has hired Mark R. Basile, Esq. and The Basile Law Firm P.C. to investigate and take legal action against potential market manipulation and unlawful activities affecting its stock performance. This includes addressing the impact of a research paper by Capybara Research. Basile has a history of combating dilution funding and market manipulation, including a landmark decision against Adar Bays. Safety Shot's CEO, Brian S. John, expressed commitment to pursuing legal action against 'short and distort' campaigns and media outlets that disseminated the Capybara Report.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:33 pm

SHOP

Shopify Inc (NYSE:SHOP) stock is rising after announcing a Black Friday sales record of $4.1 billion by its merchants, a 22% increase from 2022. Sales peaked at $4.2 million per minute, with clothing, personal care, and jewelry as top categories. The average cart price was $110.71, with the U.S., U.K., and Canada as top selling countries. The stock was up 3.85% at $73.05.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 1:33 pm

ADBE

SPY

Adobe predicts consumer spending to reach $12B-$12.4B on Cyber Monday, indicating a significant day for retail and e-commerce sectors.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:30 pm

VLO

Valero Energy Inc. (NYSE:VLO) has seen a 0.37% drop in the current session, trading at $124.50. Over the past month and year, the stock has decreased by 1.80% and 7.76%, respectively. Valero's P/E ratio of 4.26 is lower than the industry average of 11.56, which could indicate potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and qualitative factors for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 1:30 pm

THC

VRSN

Insiders at VeriSign, Tenet Healthcare, Goldman Sachs, and Dycom Industries have recently sold shares. VeriSign's CEO sold shares after reporting lower-than-expected revenue. Tenet Healthcare's director sold shares following an agreement to sell hospitals for $2.4 billion. Goldman Sachs' CAO sold shares amidst news of the Japan President stepping down. Dycom Industries' CAO sold shares after reporting strong financial results. Insider sales can indicate various sentiments about the company's prospects and stock valuation.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 1:27 pm

CCI

Crown Castle shares have risen following news that activist fund Elliott Management has acquired a $2 billion stake in the company. Elliott has proposed operational improvements to enhance value.

Portfolio Pulse from Luke J Jacobi

November 27, 2023 | 1:27 pm

AROW

MPB

SFBC

TCBI

Insiders at four U.S.-listed companies have recently made notable stock purchases, signaling potential confidence in their respective companies. Arrow Financial Corporation's COO Andrew Wise bought 1,000 shares, while Mid Penn Bancorp Inc's Director Bruce A Kiefer also acquired 1,000 shares. Sound Financial Bancorp Inc saw purchases by 10% owner Stilwell Partners LP, and Texas Capital Bancshares Inc's Director Robert Stallings bought 4,294 shares. These insider trades suggest optimism or undervaluation, which could be a positive sign for investors.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 1:26 pm