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Stock Prices

U

Unity Software Inc (NYSE:U) shares are trading lower following an analyst downgrade by Piper Sandler from Overweight to Neutral, with a price target reduction from $48 to $30. This comes after multiple analysts lowered price targets last week following the retirement of CEO John Riccitiello. Unity reaffirmed its Q3 guidance and is set to report earnings on Nov. 9. The current average price target among analysts is approximately $57.89.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 1:19 pm

AAPL

AMZN

CORN

GLD

META

MSFT

NVDA

SNAP

TLT

TSLA

The top 10 trending stocks on WallStreetBets as of October 23, 2023, are Tesla (TSLA), Nvidia (NVDA), Microsoft (MSFT), iShares 20+ Year Treasury Bond ETF (TLT), Apple (AAPL), Meta Platforms (META), Teucrium Corn Fund (CORN), Amazon (AMZN), Snap (SNAP), and SPDR Gold Shares (GLD).

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:19 pm

AIHS

Senmiao Technology Limited (NASDAQ:AIHS) reported a slight decrease in total completed orders for its online ride-hailing platform in September 2023, with 0.61 million orders compared to 0.62 million in August 2023. The decrease was primarily due to a drop in completed orders from partner platforms under a new model, partially offset by an increase in completed orders by Senmiao's own platform. The number of active drivers increased from 5,412 in August to 6,065 in September.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 1:19 pm

HARP

Harpoon Therapeutics Inc's stock is trading higher after the company announced updated data from a trial evaluating its cancer drug, HPN328. The drug showed a confirmed response rate of 35% across all tumor types. The company also announced a private placement of PIPE equity of up to $150 million, expected to result in initial gross proceeds of $100 million with an additional $50 million available upon exercise of warrants.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 1:18 pm

FTV

Fortive Corp (NYSE:FTV) has signed a definitive deal to acquire EA Elektro-Automatik Holding GmbH for $1.45 billion in cash. The acquisition is expected to be accretive to FTV's adjusted gross and operating margins and neutral to modestly accretive to adjusted EPS in fiscal 2024. The transaction is expected to close in early Q1 2024, subject to customary closing conditions and regulatory approvals. Fortive plans to fund the acquisition through cash in hand and debt financing.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 1:17 pm

INDV

Indivior has reached an agreement with direct purchasers to resolve the antitrust multi-district litigation. The company also issued preliminary Q3 and YTD 2023 results, which has led to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:14 pm

CTRM

Castor Maritime Inc. (NASDAQ:CTRM) has announced the sale of two of its Panamax bulk carrier vessels, the M/V Magic Sun and M/V Magic Phoenix, for a total of $20.55 million. The company expects to record a net gain of $1.0 million from the sale of the M/V Magic Sun and a net loss of $2.6 million from the sale of the M/V Magic Phoenix in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:13 pm

ASST

BHAT

CREX

FAZE

LTRPA

LYT

TC

TGL

TRKA

In Monday's pre-market session, nine communication services stocks showed significant movement. Liberty TripAdvisor Hldgs, TuanChe, Lytus Technologies Hldgs, Creative Realities, Blue Hat Interactive, and Asset Entities saw gains, while Troika Media Group, FaZe Hldgs, and Treasure Global experienced losses. Troika Media Group's Q2 earnings were released yesterday.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 1:06 pm

INVO

LMDX

MIRA

RVMD

During Monday's pre-market session, several healthcare stocks experienced significant movements. LumiraDx, INVO Bioscience, Apollomics, TC BioPharm, AcelRx Pharmaceuticals, and SomaLogic saw increases in their share prices, while Revolution Medicines, Mira Pharmaceuticals, Ambrx Biopharma, Catalyst Biosciences, Outlook Therapeutics, and Biocept saw decreases.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 1:06 pm

LICY

NM

TGH

WLGS

In Monday's pre-market session, several industrial stocks saw significant movement. Gainers included Textainer Group Hldgs (TGH), Navios Maritime Hldgs (NM), Jayud Global Logistics (JYD), Mynaric (MYNA), Nocera (NCRA), and NET Power (NPWR). Losers included Li-Cycle Holdings (LICY), WANG & LEE Group (WLGS), Turbo Energy (TURB), Globus Maritime (GLBS), Emeren Group (SOL), and ShiftPixy (PIXY).

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 1:06 pm