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Microsoft Corp's stock is trading higher after the company completed the $69 billion Activision Blizzard acquisition, having won the U.K. regulator approval. The deal was closed on the condition that they sell the streaming rights to Activision's games to Ubisoft Entertainment. Microsoft had also cut similar deals with Nvidia Corp and Sony Group Corporation. However, the U.S. Federal Trade Commission (FTC) remains opposed to the deal, viewing it as a threat to competition. Analysts have reiterated Microsoft with an Overweight and Buy rating, with price targets of $400 and $370 respectively.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 3:50 pm

DXCM

Leerink Partners has initiated coverage on DexCom with an Outperform rating and a price target of $110. This has led to DexCom's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:46 pm

TTD

Trade Desk's (NYSE:TTD) short percent of float has fallen 5.32% since its last report, with 11.25 million shares sold short, which is 2.85% of all regular shares available for trading. It would take traders 3.55 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.19%.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:45 pm

HSY

Hershey's (NYSE:HSY) short percent of float has risen 4.49% since its last report, with 3.44 million shares sold short, which is 2.56% of all regular shares available for trading. It would take traders 2.72 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hershey's peer group average for short interest as a percentage of float is 4.72%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:45 pm

ABNB

Airbnb's (NYSE:ABNB) short percent of float has risen 30.21% since its last report, with 25.64 million shares sold short, which is 6.12% of all regular shares available for trading. It would take traders 1.66 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.47%.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:45 pm

SNAP

Snap shares are trading higher following a report by The Verge revealing the company's internal goals for 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:43 pm

VFS

VinFast shares are trading lower following the company's announcement that it will seek capital for its expansion into Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:40 pm

NEM

Newmont Corporation (NYSE:NEM) has reached an agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic to end the strike at the Peñasquito mine. The agreement includes an 8% wage increase and compensation for lost wages. If the mine reports no profit in 2023 due to the strike, Newmont will pay an additional bonus in Q2 next year.

Portfolio Pulse from Shivani Kumaresan

October 16, 2023 | 3:37 pm

PRTA

Prothena Corporation is reportedly in talks with advisors, potentially preparing for a sale. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:32 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) announced the acquisition of a controlling interest in La Rosa Realty Lake Nona, Inc., a franchisee based in Orlando, Florida. Lake Nona had over $9.8 million in revenue and a positive net income last year. The acquisition is expected to expand La Rosa's footprint in Florida and increase its top line revenue. LRHC recently closed its IPO of 1 million shares at $5.00 per share. LRHC shares are trading higher by 11.68% at $3.06.

Portfolio Pulse from Akanksha Bakshi

October 16, 2023 | 3:31 pm