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BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares fell after Mizuho analyst John Baumgartner downgraded the stock from Neutral to Underperform and announced a $5 price target. The analyst cited a lack of product innovation, need for new capital due to cash burn, tightening liquidity, and lack of increased consumption for the company's products as reasons for the downgrade. The stock is down 56.44% over the past six months.

Portfolio Pulse from Ryan Gustafson

October 19, 2023 | 8:25 pm

WDFC

WD-40 reported Q4 financial results and issued FY24 EPS guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:25 pm

KNX

Knight-Swift Transportation reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:23 pm

KNX

Knight-Swift Transportation Holdings has revised its FY23 Adjusted EPS guidance from a range of $2.10-$2.30 to $2.10-$2.20, compared to the estimated $2.07. The updated guidance is based on current market conditions, recent trends, and management's expectations. Factors such as truckload rates, LTL revenue, U.S. Xpress performance, logistics volume, and expected tax rate have been considered in the revision.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:22 pm

SEDG

SolarEdge has issued preliminary Q3 revenue results that are below estimates and has also lowered its non-GAAP gross margin. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:22 pm

KNX

Knight-Swift (NYSE:KNX) reported Q3 earnings of $0.41 per share, beating the analyst consensus estimate of $0.36 by 13.89%. However, this is a 67.72% decrease from the same period last year. The company also reported quarterly sales of $2.02 billion, beating the estimate of $1.89 billion by 6.87%, and marking a 6.48% increase from last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:19 pm

ISRG

Intuitive Surgical's shares have dropped following the release of their mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:19 pm

SEDG

SolarEdge has revised its non-GAAP gross margin forecast to be within the range of 20.1-21.1%, a significant decrease from the previous range of 28-31%.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:16 pm

GE

A significant number of investors have taken a bearish stance on General Electric (NYSE:GE), with 80% of recent unusual options trades being bearish. The trades range from $85.0 to $125.0, with a total amount of $132,365 for puts and $328,350 for calls. Deutsche Bank has downgraded its action to Buy with a price target of $141. The current price of GE is $106.95, down by 0.58%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 8:16 pm

ON

A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) as observed from unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $88.0 to $100.0 for ON Semiconductor over the last 3 months. The price of ON is currently down -2.84% at $87.05. Morgan Stanley maintains an Equal-Weight rating on ON Semiconductor with a price target of $110, while Exane BNP Paribas downgraded its action to Neutral with a price target of $95.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 8:16 pm