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Stock Prices

RIVN

Rivian Automotive has priced a $1.5 billion green convertible senior notes offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:54 pm

AEHR

CAMP

LEVI

OMQS

PKE

Levi Strauss & Co reported better-than-expected Q3 earnings but missed sales estimates and lowered its annual guidance, causing its shares to fall 1.2%. OMNIQ Corp. announced a proposed public offering of common stock, leading to a 37.5% drop in its shares. Aehr Test Systems reported positive Q1 earnings and sales results and reiterated its FY24 guidance, but its shares dipped 12.2%. CalAmp Corp. reported weaker-than-expected Q2 sales and a quarterly loss, causing its shares to fall 13.7%. Park Aerospace Corp. reported flat earnings and decreased sales for Q2 FY2024, leading to an 8.5% drop in its shares.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:52 pm

VFS

VinFast Auto's shares are experiencing a downturn due to continued volatility following the company's Q3 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:47 pm

ALB

Australian billionaire Gina Rinehart has increased her stake in lithium producer Liontown Resources to 16.7%, potentially blocking US miner Albemarle Corp's $4.3 billion proposed takeover of the company. Liontown's Kathleen Valley lithium project in Western Australia, one of the world's most promising lithium deposits, has already agreed to supply Ford with battery raw material. Albemarle's latest bid requires 75% support from Liontown investors, and a stake of between 15% and 20% can often become a blocking stake.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:44 pm

TSLA

Tesla has reduced the prices of its Model Y and 3 vehicles in the U.S., leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:38 pm

XOM

Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a deal worth $60 billion. This news has led to a decrease in Exxon Mobil's share price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:34 pm

PXD

XOM

Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a deal worth $60 billion. This news has led to a rise in Pioneer's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:32 pm

SHEL

Shell PLC has revised its Q3 FY23 operational outlook. The company updated the production outlook for Integrated Gas and LNG liquefaction volumes, reflecting scheduled maintenance. Shell also narrowed production guidance for Upstream and lowered the higher end of the sales volume guidance for marketing. The company currently sees refinery utilization of 82% - 86% and Chemicals utilization of 68% - 72%. Shell projects Q3 chemicals sub-segment adjusted earnings to align with Q2 FY23. The company expects to release Q3 FY23 results on November 2, 2023.

Portfolio Pulse from Lekha Gupta

October 06, 2023 | 12:28 pm

PXD

XOM

Pioneer Natural Resources Company's shares rose by 11.6% in pre-market trading due to reports of Exxon Mobil Corp. nearing a purchase deal with the company, potentially worth around $60 billion. Other notable pre-market movers include Vaccinex, Inc., RVL Pharmaceuticals plc, and ETAO International Co., Ltd. On the other hand, OMNIQ Corp., Near Intelligence, Inc., and AgriFORCE Growing Systems Ltd. saw significant drops in their share prices.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:26 pm

CUTR

OMGA

RVMD

VNRX

The article lists four health care stocks that are considered oversold and are expected to perform well in the short term. These include Cutera, Inc. (NASDAQ:CUTR), Omega Therapeutics, Inc. (NASDAQ:OMGA), VolitionRx Limited (NYSE:VNRX), and Revolution Medicines, Inc. (NASDAQ:RVMD). All four stocks have an RSI value below 30, indicating they are oversold and potentially undervalued.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:26 pm