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AVTX

BIOL

EIGR

FFIE

GMBL

IBEX

NVOS

OKYO

RNAZ

SALM

Several stocks experienced significant movement in pre-market trading. TransCode Therapeutics (RNAZ) rose 43.3%, Avalo Therapeutics (AVTX) rose 39.5% after agreeing to divest AVTX-800 series, and Esports Entertainment Group (GMBL) gained 30.1%. Eiger BioPharmaceuticals (EIGR) rose 17.6% despite discontinuing a Phase 3 study. Salem Media Group (SALM) rose 17%, Faraday Future (FFIE) rose 14.7% after delivering a vehicle to a Netflix star, and Novo Integrated Sciences (NVOS) jumped 8.7% after its product was approved by Turkey's Ministry of Health. On the downside, BIOLASE (BIOL) fell 43.3% after announcing a public offering, OKYO Pharma (OKYO) fell 22.7% after announcing a public offering, and IBEX Limited (IBEX) fell 11.1% after reporting downbeat Q4 results and a weak FY24 revenue outlook.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 12:05 pm

IPA

ImmunoPrecise Antibodies (NASDAQ:IPA) reported Q1 sales of $4.24 million, beating the analyst consensus estimate of $3.94 million by 7.70 percent. This represents a 16.41 percent increase over sales of $3.65 million the same period last year. As of July 31, 2023, IPA held $6.8M of cash.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:05 pm

NVDA

Nvidia Corp. CEO Jensen Huang has sold more shares of the company, with the cumulative sales over two days amounting to $26.90 million. This follows a sale of shares worth $42.83 billion a week earlier. Nvidia's stock has rallied over 211% year-to-date, largely due to its artificial intelligence opportunity. The company's H100 AI chips power most of the AI applications and software worldwide, and demand for the chips continues to rise.

Portfolio Pulse from Shanthi Rexaline

September 14, 2023 | 12:03 pm

FANG

Diamondback Energy (NASDAQ:FANG) has received 15 analyst ratings in the last quarter, all of which are bullish or somewhat bullish. The average price target is $175.33, indicating an upside from the current price of $155.79. The average price target has increased by 2.48% over the past month.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 12:01 pm

MET

Over the past 3 months, 8 analysts have published their opinion on MetLife (NYSE:MET) stock. The analysts have an average price target of $78.25 versus the current price of MetLife at $63.79, implying an upside. This current average has increased by 6.64% from the previous average price target of $73.38.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 12:01 pm

FROG

Over the past 3 months, 11 analysts have published their opinion on JFrog (NASDAQ:FROG) stock. The average price target for JFrog has increased by 24.75% from the previous average price target of $27.11 to $33.82. The analysts' ratings are generally bullish with 5 bullish, 3 somewhat bullish, and 3 indifferent ratings.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 12:01 pm

HL

Over the past three months, five analysts have published their opinions on Hecla Mining (NYSE:HL) stock. The average price target for Hecla Mining is $7.55, representing a 6.56% decrease from the previous average price target of $8.08. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 12:00 pm

CDNS

In the last quarter, Cadence Design Sys (NASDAQ:CDNS) received 10 analyst ratings, with 6 being bullish, 4 somewhat bullish, and none being bearish or indifferent. The average price target for the stock is $266.5, compared to its current price of $241.13, implying an upside. The average price target has increased by 8.78% over the past month.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 12:00 pm

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc, is significantly reducing its global recruiting department workforce due to a projected hiring slowdown. This follows the company's announcement in 2023 of eliminating 12,000 jobs, impacting around 6% of its full-time workforce. Despite these cost-cutting measures, Alphabet reported a 7% increase in Q2 revenue, surpassing analysts' expectations. Google's shares (GOOG) closed higher by 1.05% at $137.50 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 11:59 am

PFSW

Trading of PFSWeb's stock has been halted due to pending news.

Portfolio Pulse from Charles Gross

September 14, 2023 | 11:56 am