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FLYW

Flywire Corporation (NASDAQ:FLYW) reported Q3 earnings of 8 cents per share, up from a loss of 4 cents per share YoY, and revenue of $123.3 million, beating the $122.071 million estimate. Despite this, shares are down after several analysts lowered their price targets. The stock is down by more than 20.17% at $20.17.

Portfolio Pulse from Erica Kollmann

November 08, 2023 | 6:54 pm

CIFR

Cipher Mining has filed for an offering of 2.4 million shares of its common stock directly to Trinity Mining Group. The offering is pursuant to the prospectus supplement.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:54 pm

ARRY

Array Technologies (NASDAQ:ARRY) reported Q3 earnings of $0.21 per share, beating estimates by 75%, but missed revenue estimates with $350.44 million, a decrease of 31.96% YoY. The company also issued lower full-year revenue guidance. Goldman Sachs analyst Brian Lee maintained a Buy rating but lowered the price target from $36 to $31. ARRY shares are down by more than 17%.

Portfolio Pulse from Erica Kollmann

November 08, 2023 | 6:48 pm

MA

Mastercard (NYSE:MA) has seen unusual options activity with 80% of traders showing bearish tendencies. The big players have been eyeing a price window from $170.0 to $410.0 for Mastercard during the past quarter. The price of MA is down -0.25% at $387.9. Analysts from Morgan Stanley, Seaport Global, Keybanc, and Raymond James have maintained their positive ratings on Mastercard with price targets ranging from $430 to $465.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:47 pm

PFGC

Performance Food Group Company (PFGC) reported Q1 FY24 sales growth of 1.5% Y/Y to $14.94 billion, slightly missing the consensus of $14.96 billion. Adjusted EPS increased 6.5% Y/Y to $1.15, beating the consensus of $1.09. The company repurchased 0.5 million shares of common stock under its existing $300 million share repurchase program. PFGC shares are trading lower by 0.78% at $60.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 6:46 pm

BLDE

DRRX

FTCI

GAN

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

PYPL

Shares of PayPal Holdings are moving higher as Adyen, a peer company, hosts its Investor Day. This suggests that positive news or outlook from Adyen could be influencing PayPal's stock.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:37 pm

LPRO

Open Lending Corporation (NASDAQ:LPRO) reported lower than expected sales for Q3, with earnings of 2 cents per share, compared to estimates of 7 cents per share. The company's quarterly sales were $26.01 million, missing expectations of $32.62 million. Open Lending's shares fell 10.7% to trade at $5.90. Analysts from Canaccord Genuity, Raymond James, and Stephens & Co. have cut their price targets on Open Lending following the earnings announcement.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:31 pm

BMBL

CRM

MTCH

Bumble Inc's CEO Whitney Wolfe Herd is stepping down and will be succeeded by Slack's CEO Lidiane Jones on Jan. 2, 2024. Jones, who has worked at Microsoft, Sonos, and Salesforce, is taking over at a time when the dating app market is losing steam. However, she plans to leverage AI technology to enhance connections and community-building within the Bumble platform. Bumble shares have been trading higher since the announcement.

Portfolio Pulse from Surbhi Jain

November 08, 2023 | 6:30 pm

DD

DuPont de Nemours Inc.'s (NYSE:DD) stock price is currently at $68.48, after a 0.07% increase. However, the stock has fallen by 10.39% over the past month and by 1.68% over the past year. The company's P/E ratio of 34.74 is lower than the Chemicals industry average of 85.35, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:30 pm