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PD

PagerDuty announced a proposed private placement of $350 million of convertible senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:17 pm

CRS

Carpenter Technology announced that it will increase base prices by an average of 7% to 12% on new, non-contract orders across the majority of its premium products. The price increases will be effective with new orders placed after October 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:17 pm

GLW

J.P. Morgan has downgraded Corning (GLW) to 'Neutral' from 'Overweight', citing a tepid recovery that is expected to underwhelm relative to elevated consensus expectations into Q4 and 2024. The bank also lowered its price target for the company from $43 to $36. Following the news, Corning's shares moved lower.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:16 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $150.0 to $230.0 for Salesforce over the last 3 months. Several financial institutions have downgraded their actions on Salesforce with price targets ranging from $240 to $275.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:16 pm

JD

A whale investor has taken a bullish stance on JD.com (NASDAQ:JD), with 77% of the investors opening trades with bullish expectations and 22% with bearish. The whale has been targeting a price range from $28.76 to $55.0 for JD.com over the last 3 months. The price of JD is currently down -1.28% at $29.23. Next earnings are expected to be released in 39 days.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:15 pm

FTNT

A significant investor has taken a bullish stance on Fortinet (NASDAQ:FTNT), with 72% of investors opening trades with bullish expectations. Whales have been targeting a price range from $55.0 to $95.0 for Fortinet over the last 3 months. The price of FTNT is currently down -0.7% at $59.51. Several experts have downgraded their actions on Fortinet, with price targets ranging from $68 to $90.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:15 pm

ORGN

Shares of Origin Materials, Inc. (NASDAQ:ORGN) dropped on Monday following the recent appointment of Matt Plavan as CEO. The company experienced above-average trading volume of 5.71 million shares compared to its average volume of 2.67 million. The stock also has increased short interest with 7.55% of shares currently sold short. Shares of ORGN were down 20.6% at $0.89 at the time of publication.

Portfolio Pulse from Ryan Gustafson

October 09, 2023 | 8:15 pm

MDRX

Veradigm Inc. (NASDAQ:MDRX) has received an extension on the temporary stay of delisting of its common stock from Nasdaq, pending a hearing on November 16, 2023. The company had previously received a delisting notice due to noncompliance with Nasdaq Listing Rule 5250(c)(1) for not filing its Annual Report and Quarterly Reports on time. The delay in filing is due to internal control failures primarily from accounting processes and a software tool implemented to comply with FASB's rule ASC 606.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:05 pm

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China's Golden Week Holiday spending fell short of government expectations, with consumer spending and home sales data affecting markets. Goldman Sachs Group Inc. predicts a protracted recovery for China's economy. Property developers Country Garden Holdings Limited and Hysan Development Company Limited are planning debt restructuring and offering respectively. China Evergrande's EV spin-off, China Evergrande New Energy Vehicle Group Limited, dropped 9% after a trading suspension was lifted. EV companies XPeng Inc, Li Auto Inc, and NIO Inc. saw their stocks fall, while BYD Company Limited reported strong sales.

Portfolio Pulse from Daniel Harrison

October 09, 2023 | 8:02 pm

CAT

Caterpillar's (NYSE:CAT) short percent of float has fallen 5.34% since its last report, with 6.33 million shares sold short, which is 1.24% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Caterpillar's short interest as a percentage of float is less than its peer group average of 5.08%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:00 pm