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FRHC

Freedom Holding, a Nasdaq-listed Kazakh financial firm, is under investigation by the Justice Department and the Securities and Exchange Commission (SEC) over compliance issues, insider stock moves, and an offshore affiliate tied to sanctioned individuals. The company, with a $5 billion market cap, is controlled by billionaire CEO Timur Turlov. The SEC has been probing Freedom for months, and the U.S. Attorney's Office for Massachusetts is also making preliminary inquiries. The company's stock initially dropped after a critical report from a short seller but has since gained about 22%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:06 pm

AEHR

CAMP

LIDR

LPL

MAXN

MLGO

MRIN

OMQS

SMX

TAOP

In Friday's pre-market session, several IT stocks showed significant movement. Aurora Mobile (JG), Maxeon Solar Technologies (MAXN), Marin Software (MRIN), Taoping (TAOP), and AEye (LIDR) saw gains, while OMNIQ (OMQS), Aehr Test Systems (AEHR), CalAmp (CAMP), SMX (Security Matters) (SMX), MicroAlgo (MLGO), and LG Display Co (LPL) experienced losses.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:06 pm

BTCT

CJET

EJH

FTEL

HOFV

JAKK

NAAS

SPGC

SSU

TBLT

VEDU

VFS

In Friday's pre-market session, several consumer discretionary stocks saw significant movement. Gainers included ToughBuilt Industries, Hall Of Fame Resort, Visionary Education Tech, Naas Technology, Fitell, and Jakks Pacific. Losers included SIGNA Sports United, Sacks Parente Golf, Chijet Motor Co, E-Home Household Service, VinFast Auto, and BTC Digital.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:06 pm

AHG

BBLG

BCDA

FRLN

LGVN

NBTX

PHG

RVLP

TTOO

VCNX

VVOS

XGN

Healthcare stocks showed significant movement in Friday's pre-market session. RVL Pharmaceuticals, Vaccinex, T2 Biosystems, Akso Health Group, Exagen, and Bone Biologics saw gains, while Freeline Therapeutics, Nanobiotix, Longeveron, Vivos Therapeutics, BioCardia, and Koninklijke Philips experienced losses.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:06 pm

ADN

AUVI

AUVIP

CISS

MNTS

NVVE

PIXY

PKE

TURB

TWI

VINO

During Friday's pre-market session, several industrials stocks experienced significant movement. Applied UV (AUVI, AUVIP), Nuvve Holding (NVVE), C3is (CISS), Turbo Energy (TURB), and Advent Technologies Hldgs (ADN) saw their shares increase, while ShiftPixy (PIXY), Gaucho Group Holdings (VINO), Park Aerospace (PKE), Momentus (MNTS), OceanPal (OP), and Titan Intl (TWI) experienced a decrease in their share prices.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:05 pm

META

Tech influencers and popular YouTubers are considering leaving Elon Musk's X (formerly Twitter) due to frequent changes and moving to Mark Zuckerberg's Threads. Influencers are unsettled by Musk's changes to the platform, including killing third-party apps, increasing advertisements, and devaluing the blue checkmark. X has lost nearly 12% of its daily active users since Musk's acquisition. While Threads is not performing exceptionally well, gaining tech influencers from X could attract power users.

Portfolio Pulse from Rounak Jain

October 06, 2023 | 1:05 pm

PHG

The FDA has expressed ongoing concerns about the potential health risks from Philips' Respironics' June 2021 recall of certain CPAP, BiPAP, and ventilator devices. The FDA remains unsatisfied with the recall status and believes Philips' testing to date is inadequate. Philips has agreed to conduct additional testing as requested by the FDA. Philips' market valuation declined by over 66% due to the recall, but the company has begun to experience a gradual resurgence in 2023. PHG shares are down 10.30% at $17.68 during the premarket session on the last check Friday.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 1:01 pm

BEEM

Beam Global has entered into a definitive agreement to acquire 100% of the equity of Amiga, a Serbian company engaged in the manufacturing and distribution of steel structures with electronic integration. The transaction will be effected through a Share Sale and Purchase Agreement, with Beam paying a combination of cash and Beam common stock to the sellers. The transaction is expected to close in Q4 2023, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:00 pm

TPIC

TPI Composites (NASDAQ:TPIC) has received 2 somewhat bullish and 5 indifferent analyst ratings in the last quarter. The average price target is $11.43, implying an upside from the current price of $2.37. However, this average has decreased by 27.24% from the previous average price target of $15.71.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:00 pm

Over the past 3 months, 13 analysts have published their opinion on Trane Technologies (NYSE:TT) stock. The average price target for Trane Technologies has increased by 7.08% from the previous average price target of $197.27 to $211.23. The ratings include 1 bullish, 6 somewhat bullish, 4 indifferent, and 2 somewhat bearish.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:00 pm