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ISPR

J Capital Research has issued a report on Ispire Technology Inc. (ISPR), alleging insider enrichment and possible fabrication of approximately 30% of revenue. The report claims ISPR overpays a Shenzhen factory owned by its chairman, resulting in low gross margins compared to competitors. It also suggests that sales from an undisclosed related-party may be fake, and raises concerns about the co-CEO's past accusations of extortion and drug law violations. ISPR's financial stability is questioned, with cash reserves potentially lasting less than a year. The report also mentions a recent unexplained stock price surge, hinting at possible price manipulation.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:19 pm

GGE

Shares of Green Giant were halted on a circuit breaker due to a steep decline, with the stock plummeting by 73.9%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:15 pm

CM

Shares of Canadian Imperial Bank (CM) are trading higher following the announcement of improved year-over-year financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:14 pm

AAPL

DIS

FB

Meta Platforms Inc.'s (NASDAQ:FB) social media platform Threads is set to launch in the EU this December after a successful launch in other markets in July. The EU launch was delayed due to strict online service regulations, but Threads will comply by offering a consumption-only option without the need for a personal profile. Adam Mosseri, head of Instagram, announced a feature for users to delete or deactivate their Threads profile. Meta's CEO, Mark Zuckerberg, reported Threads has nearly 100 million monthly users. The EU expansion is timely as advertisers like Apple Inc. (NASDAQ:AAPL) and Disney (NYSE:DIS) have paused spending on rival platform X after Elon Musk's remarks.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 3:13 pm

SMFL

Shares of Smart For Life, Inc. were halted on a circuit breaker due to a downside move, despite the stock being up 98%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:13 pm

CRM

IMGN

LZB

QNST

SNAP

SNOW

La-Z-Boy Incorporated reported higher-than-expected earnings for Q2 and raised its dividend, causing shares to rise 7.5%. Other stocks also moved higher, with notable gains from ImmunoGen after an acquisition announcement by AbbVie, REX American Resources following strong Q3 results, and Snowflake after reporting better-than-expected Q3 results and guidance. Salesforce also climbed after issuing positive FY24 guidance. Upgrades from analysts boosted shares of QuinStreet and Snap.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 3:12 pm

SNGX

Trading of Soligenix shares has resumed. There is no additional context provided regarding the reason for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:12 pm

DFS

Discover Financial Services is considering the sale of its Discover Student Loans portfolio and plans to transfer the servicing of these loans to a third-party provider, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:11 pm

SMFL

Trading for Smart For Life, Inc. shares has resumed after being temporarily halted.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:10 pm

PKG

Packaging Corporation Of America's stock (PKG) is trading higher following Wells Fargo's decision to maintain an Equal-Weight rating and increase the price target from $147 to $173.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:08 pm