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AAOI

LTHM

MARA

PGY

WULF

Pagaya Technologies Ltd. (NASDAQ:PGY) shares dropped 5.8% in pre-market trading following the announcement of CFO Michael Kurlander's resignation to pursue an outside opportunity, with Evangelos Perros named as Interim CFO. Other stocks experiencing pre-market losses include TeraWulf Inc. (NASDAQ:WULF), Applied Optoelectronics, Inc. (NASDAQ:AAOI), Marathon Digital Holdings, Inc. (NASDAQ:MARA), Livent Corporation (NYSE:LTHM), and Foot Locker, Inc. (NYSE:FL).

Portfolio Pulse from Lisa Levin

November 27, 2023 | 11:00 am

SCCO

Morgan Stanley analyst Carlos De Alba downgraded Southern Copper (NYSE:SCCO) from Equal-Weight to Underweight and reduced the price target from $83 to $68.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:58 am

GEHC

UBS analyst Graham Doyle has downgraded GE HealthCare Technologies (GEHC) from Neutral to Sell and reduced the price target from $86 to $66.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:51 am

NUTX

Nutex Health Inc. (NUTX) has received a 180-day extension from Nasdaq to meet the minimum bid price requirement of $1.00. The company must maintain a closing bid price of $1.00 or higher for at least 10 consecutive business days by May 20, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:36 am

BABA

MPNGF

MPNGY

Alibaba Group Holding Limited (NYSE:BABA) is undergoing business restructuring, including closing its quantum computing research lab and donating the equipment to Zhejiang University. The move affects about 30 staff members and marks a shift from advanced technology research to cost-cutting. Alibaba co-founder Jack Ma has started a new venture, 'Hangzhou Ma's Kitchen Food,' focusing on pre-packaged food. Alibaba's workplace app, DingTalk, is being updated to support Huawei's HarmonyOS, with a partnership that aligns with other Chinese tech giants like JD.com Inc (NASDAQ:JD) and Meituan (OTC:MPNGF) (OTC:MPNGY) developing apps for HarmonyOS. BABA shares traded slightly lower in premarket.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 10:35 am

AMZN

COST

ITRN

TGT

Investors are watching Zscaler, Amazon, Ituran Location and Control, Costco, and Target as U.S. stock futures trade lower. Zscaler is expected to report earnings before the bell, while Amazon and Costco are in focus for Cyber Monday deals. Ituran is also set to release earnings, and Target is offering deals on various brands. All mentioned stocks saw gains on Friday.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 10:25 am

GSK

GSK announced positive results from the DREAMM-7 Phase 3 trial of Belantamab Mafodotin for relapsed or refractory multiple myeloma, meeting its primary endpoint of progression-free survival. The treatment, combined with bortezomib and dexamethasone, showed a significant extension in time to disease progression or death compared to the standard of care, daratumumab with BorDex. Additionally, a notable overall survival trend was observed.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:12 am

ASO

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Academy Sports (NASDAQ:ASO) and maintained a price target of $72.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:11 am

NYXH

Shares of Nyxoah (NYXH) surged 58% in premarket trading on light volume. The company's CEO is scheduled to present at the Piper Sandler 35th Annual Healthcare Conference on Wednesday.

Portfolio Pulse from Charles Gross

November 27, 2023 | 10:08 am

ADBE

CRM

SHOP

Shopify Inc (NYSE:SHOP) merchants achieved a record $4.1 billion in Black Friday sales, a 22% increase from last year. Sales peaked at $4.2 million per minute at 12:01 p.m. EST. Popular categories were clothing, personal care, and jewelry, with an average spend of $110.71 per cart. The U.S., U.K., and Canada were top countries, with Los Angeles, New York, and London as top cities. International orders comprised 15% of total sales. Shopify's POS system sales rose by 33%. Adobe Inc (NASDAQ:ADBE) reported a 5.5% increase in U.S. online spending on Thanksgiving, while Salesforce, Inc. (NYSE:CRM) reported a 1% growth in U.S. global online sales. SHOP shares closed down 0.86% at $70.35 on Friday.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 10:01 am