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BILL

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FTNT

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INSG

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Several Information Technology stocks experienced significant movement during Friday's intraday session. MicroCloud Hologram, Neonode, Knowles, Akoustis Technologies, Gartner, and DigitalOcean Holdings saw gains, with Knowles, Gartner, and DigitalOcean Holdings reporting Q3 earnings. In contrast, Inseego, BILL Holdings, Fortinet, Ubiquiti, Ostin Technology Group, and My Size saw losses, with Inseego, BILL Holdings, and Fortinet reporting Q3 or Q1 earnings.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:30 pm

A significant investor has taken a bullish stance on Boeing (NYSE:BA), with 51% of investors opening trades with bullish expectations and 48% with bearish. The whales have been targeting a price range from $90.0 to $260.0 for Boeing over the last 3 months. The price of BA is up 1.56% at $195.01. Citigroup, Morgan Stanley, and RBC Capital have maintained their ratings on Boeing, while UBS and Northcoast Research have upgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:30 pm

SGEN

Seagen (NASDAQ:SGEN) has outperformed the market over the past 15 years, producing an average annual return of 22.46%. If an investor had bought $1000 of SGEN stock 15 years ago, it would be worth $20,347.17 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:30 pm

PDD

PDD Holdings (NASDAQ:PDD) has outperformed the market over the past 5 years by 30.68% on an annualized basis, producing an average annual return of 40.29%. If an investor had bought $1000 of PDD stock 5 years ago, it would be worth $5,323.19 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:30 pm

BHIL

FTNT

INSG

MCRB

The article lists the stocks that have gained and lost the most in Friday's mid-day session. Among the gainers, Benson Hill, Inc. (BHIL) shares jumped 48.1% to $0.3740, and Seres Therapeutics, Inc. (MCRB) climbed 45.9% to $1.20 after posting a narrower-than-expected quarterly loss. Among the losers, Inseego Corp (INSG) shares fell 35% to $0.3370 after reporting worse-than-expected Q3 results, and Fortinet Inc (FTNT) shares fell 16.8% to $47.92 after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 5:26 pm

TDS

USM

Telephone And Data Systems, Inc. (TDS) reported Q3 FY23 revenues of $1.278 billion, a decrease of 8% Y/Y, and a loss of $(0.16), missing the consensus of ($0.11) loss. TDS and UScellular (USM) are exploring strategic alternatives for USM, with TDS owning approximately 83% of USM. USM revenues declined 11% to $963 million. TDS exited the quarter with cash and equivalents worth $293 million and long-term debt of $3.840 billion. TDS shares are trading higher by 2.26% to $19.47.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 5:23 pm

TMO

Thermo Fisher Scientific has announced that in 2023, severance actions related to facility consolidations and cost reduction measures will affect about 4% of its workforce. The company has also identified restructuring actions that will result in additional charges of about $65M, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:21 pm

AGL

Agilon Health Inc's Q3 revenue increased 75% to $1.22 billion, beating consensus and management guidance. However, the company reported a net loss of $31 million. Total members on the Agilon platform increased to 508,000. The company sold its subsidiary, MDX Hawaii, to focus on its core partner markets in the U.S. Agilon Health cut its FY23 revenue guidance from $4.525 billion-$4.540 billion to $4.31 billion-$4.32 billion. AGL shares are down 16.90% at $14.04.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 5:19 pm

A significant investor has taken a bullish stance on BP (NYSE:BP), with 62% of investors opening trades with bullish expectations and 37% with bearish. The price target for BP over the last 3 months has been between $27.0 to $45.0. The price of BP is currently down -2.44% at $35.96. Raymond James has maintained their Outperform rating on BP, with a price target of $43.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:15 pm

OSTK

Hedge fund JAT Capital Management LP is pushing for the ouster of Overstock.com's CEO, according to a filing.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:12 pm