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BTAI

BioXcel Therapeutics announced that the Centers for Medicare & Medicaid Services has issued a permanent and product-specific J-Code for IGALMI sublingual film, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:59 pm

F

GM

STLA

General Motors (GM) has reached a tentative agreement with the United Auto Workers (UAW), potentially ending a six-week strike. The deal is similar to those reached with Ford (F) and Stellantis (STLA), including a 25% hourly pay increase and cost-of-living allowances over the contract's duration. Last week, GM reported Q3 results that beat expectations but withdrew its full-year earnings guidance due to the strikes.

Portfolio Pulse from Adam Eckert

October 30, 2023 | 2:53 pm

ABBV

A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $55.0 to $160.0 for AbbVie over the last 3 months. Barclays has upgraded its action to Overweight with a price target of $170, while Morgan Stanley maintains their Overweight rating with a price target of $196.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:46 pm

MRNA

A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 70% of the spotted trades being bearish. The total amount for puts is $351,770 and for calls is $54,605. The whales have been targeting a price range from $60.0 to $110.0 for Moderna over the last 3 months. The price of MRNA is currently down -0.14% at $71.81, and RSI indicators suggest the stock may be oversold. Moderna's next earnings are expected to be released in 3 days.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:46 pm

MU

A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. Out of the special options, 17 are puts, for a total amount of $1,918,543, and 2 are calls, for a total amount of $280,390. The price range targeted by these traders for Micron Technology over the last 3 months is from $60.0 to $90.0.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:46 pm

AWF

Alliancebernstein Glb (NYSE:AWF) has announced a monthly dividend of 6.55 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 6.55 cents lower to reflect the payout. Shareholders owning AWF as of the end of Wednesday's session are eligible for the dividend, which will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:45 pm

GDC

GOGO

GRVY

PLTK

SEAT

The article identifies five value stocks in the communication services sector, namely Vivid Seats (SEAT), Gogo (GOGO), GD Culture Group (GDC), GRAVITY Co (GRVY), and Playtika Holding (PLTK). These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides recent earnings per share data for each company.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:44 pm

JKS

JinkoSolar Holding Co Ltd (NYSE:JKS) reported a 63.1% YoY revenue growth in Q3 FY23, beating consensus estimates. The increase is attributed to higher solar module shipments due to global demand. The company's gross margin expanded to 19.3% from 15.7% in 3Q22. JinkoSolar expects its Q4 module shipments to be around 23 GW and is confident that its full-year module shipments will exceed the guidance of 70 to 75 GW. The company's shares are trading higher by 17.11%.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 2:43 pm

LMDX

LumiraDX shares are trading lower following the company's announcement of receiving a Nasdaq delisting determination.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:39 pm

ABR

CHCI

FPH

SEVN

TCI

Benzinga Insights has identified five value stocks in the real estate sector that may be worth watching: Arbor Realty Trust (ABR), Comstock Holding Co (CHCI), Seven Hills Realty Trust (SEVN), Five Point Holdings (FPH), and Transcontinental Realty (TCI). These companies have low P/E multiples, indicating they may be undervalued. However, all five companies experienced a decrease in earnings per share this quarter.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:39 pm