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SPGC

Trading of Sacks Parente Golf Company (SPGC) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:58 pm

SPGC

Shares of Sacks Parente Golf Company (SPGC) were halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 7.32%.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:58 pm

AMZN

CVS

Blue Shield of California is reportedly planning to drop CVS Health's Caremark in favor of Amazon and Mark Cuban's Cost Plus Drug Company. This has led to a decrease in the stock prices of several healthcare companies.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:57 pm

AHI

CREX

EMKR

SUNL

TIVC

TRMR

US stocks traded higher with the Dow Jones gaining over 50 points. Energy shares rose by 2% while health care shares fell by 0.2%. US initial jobless claims declined by 11,000 to 239,000. Sunlight Financial Holdings, Tivic Health Systems, and Advanced Health Intelligence saw significant gains in their shares. Creative Realities, EMCORE Corporation, and Tremor International saw a drop in their shares.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:54 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) announced a $25 million buyback, having already repurchased 3.7 million shares. CEO David Michery also purchased 102,040 shares, citing the company's belief that its stock is undervalued. Mullen has until September 5 to meet the Nasdaq's minimum bid price requirement of $1 per share.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 1:53 pm

SNPS

Synopsys reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:52 pm

CELL

Trading of PhenomeX shares has resumed.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:50 pm

LITE

Lumentum Holdings Inc reported Q4 2023 revenue of $370.8 million, down by 12.2% YoY but beating the consensus of $366.5 million. Adjusted EPS of $0.59 also beat the consensus of 55 cents. However, the company's Q1 FY24 revenue and EPS forecasts are below consensus estimates, which led to a slight dip in its share price.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 1:49 pm

CANO

DDOG

DSGN

FTNT

GNRC

IWM

ORGN

PYPL

QQQ

SEDG

SPY

The S&P 500, Nasdaq 100, and Russell 2000 indices have all breached a crucial technical support level, indicating a potential shift in market trends. The indices had experienced significant growth from the beginning of the year to the end of July, but have seen a pullback in August. The iShares Russell 2000 ETF (IWM), Invesco QQQ Trust (QQQ), and SPDR S&P 500 ETF Trust (SPY) have seen declines of 6%, 5%, and 3% respectively. The worst performers for the month include SolarEdge Technologies (SEDG), Generac Holdings (GNRC), Etsy (PYPL), Fortinet (FTNT), Datadog (DDOG), PayPal (PYPL), Design Therapeutics (DSGN), Origin Materials (ORGN), and Cano Health (CANO).

Portfolio Pulse from Piero Cingari

August 17, 2023 | 1:49 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:49 pm