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WMT

Walmart Inc. has settled a lawsuit filed by the University of California over allegations of light-bulb patent infringement. The case will be dismissed with prejudice, meaning it cannot be refiled. This lawsuit is one of several filed by the University of California against U.S. merchants over products sold from China. Walmart's shares are trading slightly higher in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 12:11 pm

DOGEUSD

ETHUSD

FLOKIUSD

Floki (CRYPTO: FLOKI), a cryptocurrency inspired by Elon Musk's pet Shiba Inu, has seen a rapid rise in popularity since its inception in 2021, with listings on over 100 exchanges and 470,000 holders. In 2023, Floki's value increased by 118%. A recent tweet by Musk boosted Floki's price briefly. Floki operates as an ERC-20 smart contract on the Ethereum (CRYPTO: ETH) blockchain. Currently, Floki is trading at $0.0000174 per coin, and if it were to reach $0.1749, a $100 investment would be worth approximately $1.1 million.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 12:10 pm

APM

ELIQ

LQR

VHNA

Several stocks are experiencing significant pre-market trading movements. Vahanna Tech Edge Acquisition I Corp. (VHNA) rose 48.6% after announcing an additional contribution to its trust account. LQR House Inc. (LQR) shares gained 41.2% following the authorization of a share repurchase program and a marketing partnership with Gold Standard Media. On the other hand, Electriq Power Holdings, Inc. (ELIQ) fell 14% and Aptorum Group Limited (APM) shares fell 13.6% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:09 pm

LCFY

Locafy Limited (NASDAQ:LCFY) has been granted an exception to Nasdaq Listing Rule 5550(b)(1) regarding the minimum stockholders' equity required for continued listing on Nasdaq until October 31, 2023, subject to certain conditions. The company believes it has regained compliance with the Stockholders' Equity Requirement due to cost-cutting measures and capital allocation prioritization efforts. It also announced a promising Keystone SEO technology agreement with a U.S.-based media publisher.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:07 pm

THRN

Thorne HealthTech, Inc. (NASDAQ:THRN) has entered into a definitive agreement to be acquired by L Catterton for $10.20 per share in cash, a 94% premium to the unaffected price. The transaction, valued at approximately $680 million, has been unanimously approved by Thorne's independent Special Committee and Board of Directors. The deal is expected to be completed in Q4 2023, subject to customary closing conditions and regulatory approvals.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:02 pm

WK

Over the past 3 months, 4 analysts have given Workiva (NYSE:WK) stock 2 bullish and 2 somewhat bullish ratings. The average price target is $123.5, implying an upside from the current price of $100.06. The average price target has increased by 14.35% over the past month.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 12:01 pm

EGHT

Analysts have provided ratings for 8x8 (NASDAQ:EGHT) in the last quarter, with 5 bullish and 2 indifferent ratings. The company has an average 12-month price target of $5.11, a decrease of 18.24% from the previous average price target of $6.25.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 12:01 pm

FTNT

22 analysts have given their ratings on Fortinet (NASDAQ:FTNT) over the last quarter. The average price target is $82.18, compared to the current price of $58.81. The majority of the ratings are bullish or somewhat bullish, with no bearish ratings. The average price target has increased by 0.01% over the past month.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 12:00 pm

BNTX

BioNTech (NASDAQ:BNTX) has received 15 analyst ratings in the last quarter, with 6 being bullish and 9 indifferent. The average price target is $142.13, indicating an upside from the current price of $117.61. The average price target has increased by 4.68% over the past month.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 12:00 pm

NXGN

NextGen Healthcare (NASDAQ:NXGN) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for the company, according to 5 analysts, is $20.2, an increase of 6.32% from the previous average of $19.00.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 12:00 pm