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RNA

Avidity Biosciences Inc announced new data for its lead clinical program, AOC 1001, showing improvement in multiple functional endpoints and favorable long-term safety for myotonic dystrophy type 1 (DM1). The data from the Phase 1/2 MARINA trial and MARINA open-label extension study will be highlighted at the 28th Annual Congress of the World Muscle Society. The company plans to share AOC 1001 data from the MARINA-OLE study in the first half of 2024 and is finalizing the Phase 3 study design and global regulatory path for AOC 1001. RNA shares are down 1.13% at $6.12 on the last check Monday.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 4:37 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has risen 7.32% since its last report, with 4.78 million shares sold short, which is 1.32% of all regular shares available for trading. It would take traders 2.97 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Prudential Financial's peer group average for short interest as a percentage of float is 2.61%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:30 pm

ANET

Arista Networks's (NYSE:ANET) short percent of float has fallen 3.52% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.45 million shares sold short, which is 1.37% of all regular shares available for trading. Compared to its peers, Arista Networks has less short interest, with the peer group average at 7.32%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:30 pm

SNY

Sanofi's (NYSE:SNY) short percent of float has risen 7.14% since its last report, with 3.66 million shares sold short, which is 0.15% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, Sanofi's short interest as a percentage of float is less than its peer group average of 3.07%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:30 pm

DAL

UAL

Shares of Delta Air Lines, Inc. (NYSE:DAL) and United Airlines are trading lower amid the Israel-Hamas conflict, which has caused travel uncertainty and led to U.S. airlines suspending flights to Israel. The suspension of flights can have a direct negative impact on their financial performance. Geopolitical conflicts can also lead to an increase in oil prices, disrupting oil supplies or creating concerns about oil production in certain regions, which can eat into airlines' profit margins.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 4:27 pm

FBYD

KBNT

NWLI

PEV

PRZO

SFT

The Dow Jones edged higher on Monday, while the NASDAQ and S&P 500 fell. Energy shares rose by 3.5%, while consumer discretionary shares fell by around 1.5%. ParaZero Technologies, Phoenix Motor, and National Western Life Group saw significant increases in their share prices. Shift Technologies announced it will file for Chapter 11 bankruptcy, causing its shares to drop by 87%. Kubient and Falcon's Beyond Global also saw decreases in their share prices.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 4:27 pm

CBSTF

Cannabist Company Holdings Inc. (OTCQX:CBSTF) has announced a partial redemption of its outstanding 13% senior secured notes due May 14, 2024. The company will redeem $25 million of the total $38.2 million principal amount on Oct. 23, 2023. The redemption will be paid in cash from funds on hand, following the closing of a private placement for aggregate gross proceeds of roughly $25 million. The company's shares traded 0.9167% lower at $0.7728 per share late Monday morning.

Portfolio Pulse from Jelena Martinovic

October 09, 2023 | 4:23 pm

NVDA

Steve Weiss, a frequent guest on CNBC, announced that he has sold his Nvidia (NVDA) shares.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:17 pm

C

A whale investor has taken a bullish stance on Citigroup (NYSE:C), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $32.5 to $47.5 for Citigroup over the last 3 months. The price of Citigroup is currently down -0.91% at $40.2. RBC Capital, Piper Sandler, Goldman Sachs, Oppenheimer, and Morgan Stanley have maintained their ratings on Citigroup.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:16 pm

MU

A significant bullish stance has been observed in Micron Technology's options activity, with 64% of investors opening trades with bullish expectations. Whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. Citigroup, Baird, Morgan Stanley, and Rosenblatt have given price targets of $85, $65, $58, and $100 respectively.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:16 pm