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MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher, recovering from a 15% loss over the past few days. The company announced that the Nasdaq Hearings Panel had granted Mullen's request to continue its listing on the Nasdaq Capital Market, subject to certain conditions. MULN shares have attracted attention from retail investors and short-sellers, with 16.39% of available MULN shares being sold short. The shares are up 15% at 29 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:09 pm

OTTR

Otter Tail Corporation has increased its 2023 guidance range, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:08 pm

CEIX

CONSOL Energy reported worse-than-expected Q3 results, leading to a drop in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:07 pm

ARKF

SOFI

SoFi Technologies reported better-than-expected Q3 results, beating analyst consensus estimates for both losses per share and sales. The company also raised its fiscal year 2023 adjusted net revenue guidance. Ark Invest purchased 473,225 shares of SoFi Technologies, and Morgan Stanley upgraded the company from Underweight to Equal-Weight with a $7 price target. SoFi Technologies shares are trading higher.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:05 pm

ABEV

Ambev SA reported a 1.3% YoY sales decline in Q3 FY23, with a 2.0% volume decline. However, the company benefited from FX and commodities tailwinds, and increased efficiencies in distribution and administrative expenses. Adjusted EPS increased 26% YoY, and organic net revenue increased 19.3%. Gross profit increased 1.6% to R$10.1 billion, and the profit margin expanded to 49.7%. Adjusted operating income climbed 20.5% to R$4.9 billion, and adjusted EBITDA jumped 17.6% to R$6.6 billion. Total consolidated debt as of September 30, 2023, totaled R$3.72 billion. Operating cash flow grew 29.7% to R$7.92 billion. ABEV shares are trading higher by 3.50% at $2.52.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 5:05 pm

DORM

Dorman Products has reduced its financial outlook for FY23, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:03 pm

INTC

A significant number of investors have taken a bearish stance on Intel (NASDAQ:INTC), with 51% of trades being bearish and 48% bullish. The targeted price range for Intel over the last 3 months has been $32.0 to $37.5. The current price of INTC is $35.68, down -0.03%. Analysts have mixed opinions, with Rosenblatt downgrading to Sell with a price target of $17, while Northland Capital Markets maintains an Outperform rating with a price target of $56.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

AXS

Axis Capital Holdings (NYSE:AXS) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $1.97. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $56.23 and has seen a 5.14% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

AMD

A whale investor has taken a bearish stance on Advanced Micro Devices (NASDAQ:AMD), with 51% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $60.0 to $120.0 for AMD over the last 3 months. The price of AMD is up 1.17% at $97.31, with RSI indicators suggesting the stock is currently neutral.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

LEN

A significant bullish stance on Lennar (NYSE:LEN) has been observed, with unusual options activity noted. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $80.0 to $115.0 for Lennar over the last 3 months. Wells Fargo downgraded its action to Overweight with a price target of $123, while Barclays maintained their Overweight rating with a price target of $132.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm