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GPAK

Gamer Pakistan (GPAK) has announced a share repurchase program authorizing the buyback of up to $1 million worth of its shares. This move is typically seen as a sign of confidence by the company's management in the firm's future prospects and financial health. Share repurchase programs can often lead to a temporary increase in the stock price due to the reduced supply of shares and the positive signal it sends to the market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:31 pm

GEN

ONDS

PRCH

TSM

Four tech stocks in the information technology sector are showing overbought signals according to their Relative Strength Index (RSI) values, which could be a warning to momentum investors. Ondas Holdings Inc. (ONDS) reported a narrower-than-expected quarterly loss and achieved record revenue, with an RSI of 82.79. Gen Digital Inc. (GEN) reported better-than-expected sales and has an RSI of 77.80. Porch Group, Inc. (PRCH) also reported better-than-expected sales with an RSI of 76.58. Taiwan Semiconductor Manufacturing Company Limited (TSM) is considering a new advanced chipmaking plant in Japan and has an RSI of 72.15.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:26 pm

CLX

KO

TGT

The article highlights three high-yielding dividend stocks in the consumer staples sector, with recent analyst ratings and price target adjustments. The Coca-Cola Company (KO) had a dividend yield of 3.21% with mixed analyst ratings and a raised full-year guidance. Target Corporation (TGT) had a dividend yield of 3.39%, with positive analyst ratings and better-than-expected Q3 results. The Clorox Company (CLX) had a dividend yield of 3.50%, with improved analyst ratings and better-than-expected Q1 sales results.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:25 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) has regained compliance with NASDAQ's listing requirements after previously failing to meet the minimum bid price and stockholders' equity standards. The company achieved compliance through a reverse stock split and by increasing its stockholders' equity above the required threshold. NASDAQ will monitor WaveDancer for one year, and the upcoming merger with Firefly Neuroscience, Inc. is expected to further impact compliance in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:24 pm

AVGO

NVDA

VMW

Broadcom Inc (AVGO) and VMware, Inc (VMW) have received all necessary regulatory approvals to close their merger deal, including from China. Despite this, both stocks traded lower in the premarket. The deal is expected to close on November 22, 2023. Broadcom has previously faced concerns over U.S. AI technology embargoes on China, which could affect a third of its revenue from China. Nvidia Corp (NVDA) was also mentioned in relation to U.S. plans to halt shipments of advanced AI chips to China.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 1:21 pm

PNC

PNC Financial Services Group's (NYSE:PNC) short interest has decreased by 6.21% since the last report, with 5.40 million shares sold short, representing 1.36% of available shares. It would take about 2.11 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. PNC has a higher short interest than its peer group average of 0.78%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:15 pm

CRWD

CrowdStrike Holdings (NYSE:CRWD) has seen a decrease in short interest by 16.38% since the last report, with 5.39 million shares sold short, representing 2.45% of available shares. The average time to cover these short positions is 2.22 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, CRWD has a lower short interest as a percentage of float, with the peer group average at 4.98%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:15 pm

STM

STMicroelectronics (NYSE:STM) has seen a 12.77% decrease in short interest, with 3.69 million shares sold short, representing 0.41% of available shares. The average time to cover these short positions is 1.0 days. A decrease in short interest may indicate a more bullish sentiment towards STM compared to an increase, which could suggest bearish sentiment. STM's short interest is below its peer group average of 3.70%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:15 pm

HIBB

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Hibbett (NASDAQ:HIBB) and maintained a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:14 pm

AMZN

Amazon's logistics workers in Spain, represented by the CCOO union, are planning to strike for one hour on each shift on Cyber Monday and the following day. The strike is to demand better wages and working conditions. Cyber Monday is a significant sales day for retailers, and the strike could impact Amazon's operations. The union is also calling for improved labor safety, recognition of workplace hazards, more HR personnel, and higher wages. This follows similar concerns and actions by Amazon workers in Europe and the U.S., including a recent walkout in Britain.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 1:10 pm