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Stock Prices

RIO

UBS analyst Myles Allsop has upgraded Rio Tinto (NYSE:RIO) from Sell to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:47 am

VCNX

Shares of Vaccinex (VCNX) are up 43% in premarket trading following the report of two large insider buys after the market closed on Thursday.

Portfolio Pulse from Charles Gross

October 06, 2023 | 8:39 am

PAAS

Pan American Silver has suspended operations at its La Colorada mine in Mexico due to security concerns. The company has not provided further details on the nature of these concerns.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:55 am

NAVB

Navidea Biopharmaceuticals is facing a trading suspension as the NYSE American Panel has upheld its decision. The company anticipates moving to OTC Markets.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:53 am

OMQS

OmniQ Corp. has priced its public offering of 3 million shares of common stock at $1 per share. The total gross proceeds from the offering are expected to be approximately $3 million. The company has also granted the underwriters a 45-day option to purchase up to an additional 450,000 shares at the public offering price less discounts and commissions. The offering is expected to close on October 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:47 am

TSLA

Tesla has implemented a new round of price cuts for its Model 3 and Y cars in the U.S., with prices adjusted downward by 2.65%-4.23%. Gary Black, a Tesla investor and Managing Partner at Future Fund, warned that these price cuts could lead to Wall Street analysts cutting their 2024 earnings per share estimate for Tesla by another $0.30-$0.50 per share. Black also expressed concerns that investors may expect more price cuts if these prove ineffective.

Portfolio Pulse from Shanthi Rexaline

October 06, 2023 | 6:26 am

EWU

The U.K. Halifax House Price Index for September has shown a decrease of 4.7% year-on-year, compared to the revised prior figure of -4.5%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:02 am

RIVN

Rivian Automotive has priced its offering of $1.5 billion aggregate principal amount of 3.625% green convertible senior notes due 2030. The issuance and sale of the notes are scheduled to settle on October 10, 2023. Rivian also granted the initial purchasers an option to purchase up to an additional $225 million principal amount of notes.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:58 am

LCID

TSLA

Lucid Group Inc has launched the new Lucid Air Pure Rear Wheel Drive (RWD), priced at $77,400, to make its lineup cheaper. This is in the same price range as Tesla Inc's Model S dual motor all-wheel drive (AWD), which is priced lower at $74,990. The new Lucid vehicle has a power of 430 horsepower and can accelerate from 0-60 miles per hour in 4.5 seconds, with an estimated range of 410 miles. However, it falls short of the Model S, which can reach 60 miles per hour in 3.1 seconds, but has a slightly lower range of 405 miles.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 5:33 am

LW

Despite inflation fears and potential recession, the demand for french fries remains steady in the US, according to Lamb Weston Holdings (NYSE:LW), a frozen potato supplier. The company's CEO, Tom Werner, noted that the 'fry attachment rate' has remained above pre-pandemic levels. However, Werner warned that inflation could continue to drive up the company’s costs, particularly potato contract prices.

Portfolio Pulse from Benzinga Neuro

October 06, 2023 | 5:19 am