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Stock Prices

MELI

A significant investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 65% of the observed trades being bearish. The whales have been targeting a price range from $1080.0 to $1540.0 for MercadoLibre over the last 3 months. The price of MELI is currently up 1.44% at $1217.7, and the RSI indicators suggest that the stock may be approaching overbought. The company's next earnings are expected to be released in 2 days.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:45 pm

ACLS

ADI

AEHR

NXPI

SLAB

SMTC

STM

Shares of semiconductor and chip stocks are trading lower in sympathy with ON Semiconductor after it reported weak Q3 results and issued poor guidance. This has affected other companies in the sector including ACLS, ADI, AEHR, NXPI, SLAB, SMTC, STM.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:45 pm

AMZN

Amazon's shares are trading higher due to better-than-expected Q3 financial results and strong Q4 guidance. The overall tech sector is also rebounding.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:42 pm

AAPL

AMC

CMCSA

The movie adaptation of the video game 'Five Nights at Freddy's' topped the domestic box office with $78 million, beating Taylor Swift's concert film 'The Eras Tour'. The movie was released by Universal, a unit of Comcast Corporation (NASDAQ:CMCSA), and simultaneously released on the Peacock streaming service. The Taylor Swift concert film, distributed by AMC Entertainment Holdings Inc (NYSE:AMC), came in second place for the weekend with $14.7 million. Ranking third for the weekend was 'Killers of the Flower Moon', a film from Apple Inc (NASDAQ:AAPL).

Portfolio Pulse from Chris Katje

October 30, 2023 | 4:33 pm

PTC

Shares of PTC Inc. (NASDAQ:PTC) rose in early trading on Monday following the company's acquisition of Pure-Systems. Analyst Ken Wong from Oppenheimer upgraded PTC's rating from Perform to Outperform, setting a price target of $165. Wong believes PTC will continue to show resilient growth while maintaining discipline on expenses. He also noted that PTC's stock trades at a significant discount to its peers, which could narrow as investors gain confidence in the company's ongoing business transitions.

Portfolio Pulse from Priya Nigam

October 30, 2023 | 4:30 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 20.19%. If an investor had bought $100 of RACE stock 5 years ago, it would be worth $249.82 today. Ferrari has a market capitalization of $54.24 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

HES

Hess (NYSE:HES) has outperformed the market over the past 5 years, producing an average annual return of 20.62%. If an investor had bought $1000 of HES stock 5 years ago, it would be worth $2,487.90 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

RVPH

Shares of Reviva Pharmaceuticals Holdings have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:20 pm

PXMD

PaxMedica has announced a 1-for-17 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:19 pm

RVPH

Reviva Pharmaceuticals announced that its pivotal Phase 3 RECOVER trial evaluating the efficacy, safety and tolerability successfully met its primary endpoint. This positive news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:18 pm