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VIRI

Virios Therapeutics has announced a halt to its at-the-market offering sales under its Capital on Demand sales agreement.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:06 am

DOGEUSD

PEPEUSD

SHIBUSD

A pseudonymous analyst, Kaleo, predicts a potential breakout for Pepe Coin (CRYPTO: PEPE), with its market cap potentially surpassing $1 billion. The current market cap of PEPE is $525 million. The analyst compares this to previous cycles of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which reached market caps of $80 billion and $40 billion respectively. Kaleo also anticipates a quick dip before an explosive price rise.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 11:06 am

BTAI

Trading of BioXcel Therapeutics' shares has been halted pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Charles Gross

August 14, 2023 | 10:59 am

WPC

B of A Securities analyst Joshua Dennerlein has downgraded W.P. Carey (NYSE:WPC) from Neutral to Underperform and lowered the price target from $78 to $67.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 10:53 am

KEYS

B of A Securities analyst David Ridley-Lane has downgraded Keysight Techs (NYSE:KEYS) from Neutral to Underperform and set a price target of $148.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 10:51 am

AAPL

QCOM

Apple Inc.'s (NASDAQ:AAPL) upcoming A17 Bionic chipset, expected to power the iPhone 15 Pro and iPhone 15 Pro Max, has reportedly outperformed Qualcomm Inc.'s (NASDAQ:QCOM) Snapdragon 8 Gen 3 chipset by 47% on the Geekbench platform. This suggests that the next-generation iPhone could be significantly faster than top-tier Android phones, including the Samsung Galaxy S24 series, which will be powered by the Snapdragon 8 Gen 3.

Portfolio Pulse from Rounak Jain

August 14, 2023 | 10:51 am

META

Meta Platforms Inc.'s Threads app, which became the fastest-growing consumer application in history, is now facing a rapid decline in user engagement. After reaching 100 million users within five days of its launch, Threads has seen a decrease in daily active users and app usage time. The average global time active users engaged with Threads daily was approximately 14 minutes, which dropped to just three minutes a month later. The number of daily active users in the U.S. has also decreased from 2.3 million to approximately 576,000.

Portfolio Pulse from Ananya Gairola

August 14, 2023 | 10:48 am

MGIC

Magic Software has lowered its FY2023 sales guidance from $585M-$593M to $570M-$580M, primarily due to exchange rate headwinds and a slowdown in IT spending. The company's operations in North America have been impacted by macro environment uncertainty.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:45 am

AMC

AURC

NKLA

WE

Several big stocks recorded losses in Monday's pre-market trading session. AMC Entertainment shares dipped 26.8% following a crucial court ruling. Aurora Acquisition Corp. dipped 16.7% after shareholders approved a business combination with Better. Xiao-I Corporation shares tumbled 15.6% after a 12% decline on Friday. Nikola Corporation shares declined 14.9% in response to a fire probe. WeWork shares fell 6.9% amid doubts over its ability to stay in business. Cleveland-Cliffs shares declined 6.4% after United States Steel Corp. rejected a buyout offer. Other stocks recording losses include Standard Lithium Ltd., Valneva SE, The Mosaic Company, and U.S. Silica Holdings, Inc.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 10:44 am

DOYU

DouYu International Holdings Limited reported a Q2 FY23 revenue decline of 24.1% to $192 million, beating the consensus of $183.05 million. Livestreaming revenues decreased by 28.8% due to operational adjustments, while advertising and other revenues increased by 106.5%. Gross margin declined by 330 bps to 13.6%. The company's average mobile MAUs and paying user count also decreased. Despite this, DOYU shares traded higher by 0.95% at $1.06 premarket.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 10:44 am