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PLMI

Veea Inc., a digital transformation company, is set to become publicly traded through a merger with Plum Acquisition Corp. I (NASDAQ:PLMI), a SPAC. The definitive business combination agreement will lead to Veea continuing its business as a publicly traded entity post-merger.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:54 am

XENE

RBC Capital analyst Brian Abrahams has maintained an Outperform rating on Xenon Pharmaceuticals (NASDAQ:XENE) and increased the price target from $51 to $56.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:31 am

TSLA

Gary Black, co-founder of Future Fund, predicts an order boost for all Tesla models in December, citing increased interest in the Cybertruck as people queue outside showrooms. Black believes the Cybertruck will have a 'halo effect' on Tesla's entire lineup, similar to the Model Y launch impact in 2021. Tesla's stock closed slightly up at $236.08.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 9:22 am

CHPT

UBS analyst Robert Jamieson downgraded ChargePoint Holdings (CHPT) from Buy to Neutral and reduced the price target from $9 to $2.25.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:18 am

GS

MS

MSFT

Reddit Inc. is reportedly planning an IPO as early as Q1 2024 with a potential $15B valuation, in discussions with Morgan Stanley and Goldman Sachs. The IPO market has been weak, with 2023 seeing the worst performance in over a decade. Other companies like Rubrik Inc., backed by Microsoft, and Skims are also considering IPOs.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 9:09 am

UXIN

Uxin Ltd reported a 35.6% quarter-over-quarter increase in retail transaction volume for Q2 FY2024, reaching 2,287 units. This growth significantly exceeds the industry's 5% growth rate. The company's Changfeng superstore, a joint venture with the Hefei local government, also began trial operations.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:48 am

UXIN

Uxin (NASDAQ:UXIN) reported a significant decrease in sales for Q2, with revenues of $48.80 million, down 43.90% from $86.99 million in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:41 am

AORT

Sen. Tina Smith's spouse made a profit of up to $55K in nearly 3 weeks from trading shares of Artivion, Inc. (AORT), a medical device company. The stock was purchased on Nov. 10 and Nov. 16, before rallying 31.16% to $17.51 by the end of the monitored period. Artivion's stock has lost 40% over the last five years, but recent Q3 results showed improved revenue and earnings, contributing to the stock's rise. Smith's trades have drawn criticism, especially in light of her previous comments on corporate executive compensation.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 8:38 am

BTCUSD

ETHUSD

Ethereum (ETH) long positions faced over $12 million in liquidations, more than Bitcoin (BTC), which saw $10 million in longs liquidated. Data from Coinglass indicates a total of $117.28 million in liquidations across the market, with Binance and OKX being the most affected exchanges. A crypto analyst, FieryTrading, predicts that ETH could reach an all-time high of $4,800 if it breaks out from a bullish triangle pattern that has been forming since mid-2022.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 8:34 am

CLCO

Cool Co (NYSE:CLCO) reported a significant increase in Q3 sales to $92.9M, up from $65.83M year-over-year (YoY). Net income also rose to $39.17M from $36.77M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:31 am