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NEGG

Newegg Commerce Inc (NASDAQ:NEGG) stock dropped 14.5% to $0.85 due to non-compliance with Nasdaq's minimum bid price rule after closing below $1.00 for 30 days. The company has until May 6, 2024, to maintain a $1.00 closing bid for ten days to regain compliance or potentially receive a 180-day extension. Additionally, Newegg's board authorized a $10 million share repurchase program, planning to use $51.8 million in cash and equivalents for buybacks. NEGG's 52-week range is $0.52 to $3.09.

Portfolio Pulse from Henry Khederian

November 20, 2023 | 4:49 pm

AVNW

CALX

CLFD

CMBM

FIVE

IDCC

JWN

KORE

LULU

OLLI

ONON

PWFL

SMTC

WMT

Ahead of Black Friday, KeyBanc analysts express a cautious view on consumer spending but believe consumers will seek deals and bargains. They recommend Five Below, Ollie's Bargain Outlet, Walmart, Nordstrom, Lululemon Athletica, and On Holding with overweight ratings and specific price targets. Roth MKM analyst Scott Searle anticipates a recovery in the semiconductor, broadband, and IoT sectors, highlighting Calix, Clearfield, Cambium Networks, Aviat Networks, Semtech, Interdigital, PowerFleet, and KORE Group Holdings as stocks to watch, with expectations of smartphone growth and improved balance sheets.

Portfolio Pulse from Chris Katje

November 20, 2023 | 4:47 pm

AIRE

ReAlpha Tech shares are trading lower due to a prospectus filing for an offering of up to 1.67 million common units at $12 each, indicating continued downward momentum.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:46 pm

GDC

GD Culture's stock price has increased following the company's announcement of its new AI-driven digital human technology on TikTok.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:45 pm

STM

STMicroelectronics Inc. (NYSE:STM) stock has risen by 16.01% over the past month and 19.65% over the past year. Currently trading at $45.99, its P/E ratio of 9.86 is lower than the industry average of 96.14, which could indicate undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:45 pm

YMM

Shares of Full Truck Alliance Co. are trading higher after the company reported its third-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:43 pm

PROK

ProKidney's stock is trading higher following the announcement of a share repurchase agreement with SC Pipe Holdings and SC Master Holdings. The company will repurchase 7.3 million Class A ordinary shares at a price of $1.309 each.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:30 pm

VRSK

Over the past 10 years, Verisk Analytics (NASDAQ:VRSK) has produced an average annual return of 13.86%, outperforming the market by 4.24% on an annualized basis. A $100 investment in VRSK a decade ago would be worth $368.14 today. Verisk Analytics currently has a market cap of $34.38 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:30 pm

Zscaler (NASDAQ:ZS) has delivered an average annual return of 41.55% over the past 5 years, outperforming the market by 30.11%. A $1000 investment in ZS five years ago would be worth $5,682.72 today. The company's market capitalization stands at $27.79 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:30 pm

NSTG

TXG

NanoString Technologies Inc (NSTG) stock dropped after a jury ruled in favor of 10x Genomics Inc (TXG) in a patent infringement case, awarding over $31 million in damages for willful infringement by NanoString's GeoMx products. The jury's decision is based on sales from May 6, 2021, to October 13, 2023. 10x Genomics seeks further damages, royalties, and a permanent injunction against GeoMx products in the U.S. NanoString withdrew its FY23 and Q4 financial guidance due to the litigation outcome. TXG shares rose by 3.84%, while NSTG plummeted by 48.2%.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 4:29 pm