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WWE

WrestleMania 40 has broken the WWE all-time gate record in one day, surpassing the $21.6M record set earlier this year. The event, held at Lincoln Financial Field in Philadelphia, sold more than 90,000 tickets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:05 pm

PANW

Palo Alto Networks Inc's shares are trading higher after the company reported strong quarterly results and issued robust earnings guidance. The company's Q4 revenue increased 26% YoY to $1.95 billion, slightly missing consensus estimates of $1.96 billion. However, its earnings per share of $1.44 beat estimates of $1.28. The company also issued strong earnings guidance for Q1 and the full year. Several analysts have raised their price targets for the company following these results.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:04 pm

DUO

Fangdd Network Group Ltd. (NASDAQ:DUO) has regained compliance with the Nasdaq minimum bid price requirement. The company had previously been notified of non-compliance as its American depositary shares (ADSs) closed below $1.00 per share for 30 consecutive business days. To regain compliance, the company changed the ratio of its ADSs representing Class A ordinary shares, which became effective on August 4, 2023. Nasdaq confirmed that the company's ADSs have been at $1.00 per share or greater for ten consecutive business days.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:03 pm

CETY

Clean Energy Technologies (CETY) has announced a natural gas sales agreement with China Resources. Under the agreement, CETY will supply natural gas to China Resources subsidiaries on an on-demand basis until March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:03 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading lower after the company announced an agreement to sell up to $325 million in aggregate principle amount of senior convertible notes. The company plans to close on approximately $125 million on Monday, with additional closings not exceeding $200 million. Nikola expects to generate net proceeds of approximately $124.5 million. The stock has seen increased selling pressure over the last month after a fire near its headquarters led to a voluntary recall of more than 200 vehicles.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:02 pm

SKLZ

Skillz Inc. (NYSE:SKLZ) has announced that its Board of Directors has approved a share repurchase program, authorizing the company to purchase up to $65 million of its Class A common stock. The Board also authorized management to explore options to repurchase up to $65 million of the company's outstanding 10.25% Senior Secured Notes due 2026. The repurchases may be made at management's discretion and will be funded by the company's existing cash and cash equivalents.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:02 pm

CROX

HHC

PI

Insider trading has been observed in three US-listed companies: Impinj, Inc. (NASDAQ:PI), The Howard Hughes Corporation (NYSE:HHC), and Crocs, Inc. (NASDAQ:CROX). Impinj's director acquired shares worth $11.44 million following the company's positive Q2 results. Howard Hughes' director purchased shares worth $1.22 million despite the company reporting a larger than expected Q2 loss. Crocs' director bought shares worth around $200,016 after the company reported an 11.2% YoY sales growth in Q2 FY23.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:01 pm

NSSC

Lake Street analyst Jaeson Schmidt has downgraded NAPCO Security Techs (NASDAQ:NSSC) from Buy to Hold and lowered the price target from $40 to $30.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 1:01 pm

FMC

Analysts have provided various ratings for FMC Corporation (NYSE:FMC) within the last quarter, with a majority leaning towards bullish or somewhat bullish. The average 12-month price target for FMC is $113.94, representing a 17.61% decrease from the previous average price target of $138.29.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:00 pm

BAX

Baxter Intl (NYSE:BAX) has received various analyst ratings in the last quarter, with 1 bullish, 3 somewhat bullish, and 3 indifferent. The average price target is $49.86, indicating an upside from the current price of $41.79. However, this average has decreased by 5.34% from the previous target of $52.67.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:00 pm