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FLGC

Flora Growth has announced the pricing of a $2.7 million registered direct offering and concurrent private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:53 pm

TSLA

GLJ Research analyst Gordon L. Johnson II has issued a Sell rating on Tesla, Inc (NASDAQ:TSLA), citing demand problems, falling average selling prices (ASPs), and margins. The analyst predicts that Tesla's Q3 results will be disappointing, with ASPs potentially down 2%-3% sequentially. He also anticipates Tesla's Q3 deliveries to be 442K, down from 466.140K in Q2. The analyst believes that Tesla's aggressive price cuts are an attempt to mask demand issues in its three largest markets: the U.S., the EU, and China.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 7:53 pm

INTC

Intel shares are trading lower during the company's Intel Innovation event.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:52 pm

IKT

Inhibikase Therapeutics shares are trading lower without any apparent news driving the movement.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:52 pm

SPY

TTWO

The article discusses the performance of Take-Two Interactive Software's (NASDAQ:TTWO) stock since the release of 'Grand Theft Auto V' 10 years ago. If an investor had put $1,000 into Take-Two stock at the time of the game's release, their investment would be worth $8,186.85 today, a return of 718.7%. This significantly outperforms the SPDR S&P 500 Global ETF, which would have turned $1,000 into $2,595.71, a return of 159.6%. The company is currently working on the next installment in the franchise, 'Grand Theft Auto 6/GTA VI', which could potentially boost Take-Two's shares further.

Portfolio Pulse from Chris Katje

September 19, 2023 | 7:52 pm

MRK

A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor or institution, as evidenced by unusual options activity. The overall sentiment of these big-money traders is 86% bearish. The whales have been targeting a price range from $87.5 to $115.0 for Merck & Co over the last 3 months. The price of MRK is currently down -0.45% at $107.34. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $135.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:46 pm

VLO

A significant bearish stance has been taken on Valero Energy (NYSE:VLO) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $100.0 to $160.0 for Valero Energy over the last 3 months. The price of VLO is down -2.54% at $142.56. Wells Fargo, B of A Securities, Goldman Sachs, and Mizuho have maintained their ratings on Valero Energy.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:46 pm

ELF

e.l.f. Beauty, Inc. (NYSE:ELF) shares are trading lower, continuing a trend over the past few weeks. This follows the company's announcement of an agreement to acquire Naturium for $355 million, which is expected to double its presence in skin care to approximately 18% of retail sales. Despite the recent pullback, e.l.f.'s shares are up 104.30% year-to-date.

Portfolio Pulse from Ryan Gustafson

September 19, 2023 | 7:45 pm

SHOT

Safety Shot Inc (NASDAQ:SHOT) plans to develop its functional beverage platform to treat alcohol poisoning in hospital and emergency settings. The beverage, set to launch in Q4 2023, reduces blood alcohol content and boosts clarity. It can lower blood alcohol content by up to 50% in 30 minutes. The company was formerly known as Jupiter Wellness Inc. and changed its name after acquiring Safety Shot. The shares of SHOT are currently down 2.11% at $1.39.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 7:40 pm

HSCS

Heart Test Laboratories has disclosed a prospectus for a $50 million offering, according to a FormS filing. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:40 pm