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JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, has suggested that interest rates could rise to 7%. This statement could have significant implications for the financial market.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:12 pm

INBS

Intelligent Bio Solutions has announced the pricing of a $4 million underwritten public offering at $0.55 per unit, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:10 pm

NCNO

Stephens & Co. analyst Charles Nabhan has downgraded Ncino (NASDAQ:NCNO) from Overweight to Equal-Weight and set a price target of $34.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:10 pm

NEP

NextEra Energy Partners' stock has been downgraded by Wells Fargo from Overweight to Equal-Weight, with its price target also being reduced from $80 to $33. This has resulted in the shares trading lower.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 2:08 pm

MITQ

Moving iMage Technologies (NYSE:MITQ) has announced a 10b5-1 stock trading plan to facilitate its previously re-authorized one-year, $1 million share repurchase program. The company had repurchased approximately 273,000 shares for $303,000 by June 30, 2023, leaving $697,000 available for future repurchases. The 10b5-1 plan allows for repurchases of MITQ common stock during blackout periods based on MiT's insider trading policy.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:03 pm

AEP

American Electric Power Company Inc (AEP) has appointed Charles E. Zebula as its new CFO, effective immediately. Zebula, who previously served as AEP's executive vice president, Portfolio Optimization, succeeds Ann P. Kelly. The company also reaffirmed its 2023 operating EPS guidance range of $5.19-$5.39, long-term growth rate of 6%-7%, and FFO/Debt target of 14%-15%. AEP shares traded lower by 2.40% at $73.42 on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 2:02 pm

SPY

The USA ISM Manufacturing Employment index for September was reported at 51.2, higher than the estimated 48.3 and the prior month's 48.5.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:02 pm

PDD

A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $95.0 to $140.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 0.4% at $98.46.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:01 pm

SPY

USA Construction Spending for August was reported at 0.5%, in line with estimates, but lower than the 0.9% reported in the prior month.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:01 pm

DVN

A significant amount of unusual options activity has been detected for Devon Energy (NYSE:DVN), with a majority of investors taking a bearish stance. The trades range from $40.0 to $55.0 for Devon Energy over the last 3 months. The current price of DVN is down -1.99% at $46.75. Citigroup and Mizuho have maintained their Buy rating on Devon Energy, with price targets of $55 and $62 respectively.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:01 pm