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Stock Prices

CMND

Shares of Clearmind Medicine were halted due to a circuit breaker after experiencing a significant drop, but have since recovered, now showing an increase of 33.9%.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:53 pm

CMND

Clearmind Medicine's stock (CMND) resumed trading after a circuit breaker halt and is now up by 45%. The halt was likely triggered by the sharp increase in the stock price, which is a mechanism designed to prevent excessive volatility and provide a cooling-off period for investors to assess information.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:52 pm

AMZN

CHWY

ETSY

GOOGL

META

NKE

Cyber Monday saw consumers taking advantage of discounts, with online sales growth in various categories. Goldman Sachs, Adobe, Salesforce, and Mastercard reported sales growth, with electronics, footwear, sporting goods, and jewelry performing well. Raymond James noted a significant increase in active footwear sales. Consumers showed a preference for value, with increased use of 'buy-now-pay-later' and 'no-rush shipping' options. Promotions were prevalent, with Nike, Foot Locker, Etsy, and Chewy offering substantial discounts. Analysts expect promotions to continue into 2024 due to a weak macroeconomic environment and high inventory levels. Goldman Sachs recommends Amazon as a preferred investment in the sector, with Alphabet and Meta also well-positioned to benefit from digital advertising.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:47 pm

DIA

QQQ

SPY

Major stock indexes have risen following comments from Fed Governor Waller expressing increased confidence in the current monetary policy's ability to reduce inflation to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:44 pm

PTON

On CNBC's Halftime Report, analysts discussed Zoom Video Communications (ZM) and Peloton Interactive (PTON), with Zoom's shares moving higher.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:42 pm

CCG

EHTH

FGFPP

FIHL

GBLI

HIPO

KNSL

MRAI

SKWD

UVE

WDH

In Tuesday's intraday session, insurance stocks saw movement with Cheche Group (CCG), Marpai (MRAI), Waterdrop (WDH), Hippo Holdings (HIPO), Global Indemnity Group (GBLI), and Skyward Specialty (SKWD) recording gains, while FG Finl Gr (FGFPP), Fidelis Insurance Hldgs (FIHL), F&G Annuities & Life (FG), eHealth (EHTH), Kinsale Cap Gr (KNSL), and Universal Insurance Hldgs (UVE) experienced losses. The movements were reported with respective changes in stock prices and trading volumes, which were at 0% of their average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:40 pm

VIRT

BofA Securities analyst Craig Siegenthaler initiated coverage on Virtu Financial, Inc. (NASDAQ:VIRT) with a Buy rating and a $20 price target, suggesting an 18% return potential. The stock is considered a bargain, trading at 15%-20% less than other financials with a depressed valuation of 5-6x 2025E EBITDA. Despite challenges from the SEC and competition, VIRT's profits have stabilized, and future growth is expected from higher retail volumes, lower interest rates, and the next bull market. The analyst forecasts EPS of $2.07 for FY23 and $2.28 for FY24, both with a 5.4% dividend yield. VIRT shares were up 0.37% to $17.83.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 5:39 pm

BNBUSD

Changpeng Zhao has stepped down as chairman of the board of directors of Binance.US, the American arm of the global cryptocurrency exchange Binance. Binance.US operates independently within the U.S. and is not involved in the recent settlements that Binance.com faced. Zhao's departure marks a governance shift, with him retaining only an economic interest. Binance.US, led by Norman Reed, aims to focus on growth and customer-centric services. The change follows a $4.3-billion settlement involving Binance.com with regulatory bodies.

Portfolio Pulse from Murtuza Merchant

November 28, 2023 | 5:38 pm

TWLO

Twilio Inc (NYSE:TWLO) stock is trading higher after activist investor Anson Funds acquired a stake in the company and is advocating for its sale or the divestiture of its data and applications business. Anson's stake is worth approximately $50 million. Twilio has faced challenges, including recent layoffs and restructuring into two business units. Despite these challenges and a significant drop from its 2021 peak, Twilio's stock has increased by 28% year-to-date. The company's market capitalization is around $11.8 billion, and its shares were up by 3.9% to $65.28.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 5:35 pm

ADBE

AMD

CRWD

ENPH

MRVL

MSFT

NVDA

PANW

SNOW

Whale activity in the Information Technology sector has been detected, with significant options trades on stocks like NVDA, PANW, MSFT, ZS, SNOW, AMD, CRWD, ADBE, ENPH, and MRVL. The trades include both bullish and bearish sentiments, with varying expiration dates and strike prices. The total trade prices ranged from $26.4K to $457.4K, indicating substantial financial moves by entities with large sums of money. This activity could signal upcoming market movements for these stocks.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:35 pm