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AULT

Ault Alliance's stock is trading higher following the company's announcement of its plans to initiate an exchange offer. The offer aims to acquire shares of its common stock in exchange for up to $15 million in Series D preferred shares.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:05 pm

CI

CVS

ELV

HUM

UNH

Cigna Group (NYSE:CI) and Humana Inc (NYSE:HUM) are in talks about a potential merger, which could be a significant event in the health insurance industry. The deal, which may include both stock and cash, is expected to be completed by year-end. This merger would create a new competitor to UnitedHealth Group Inc (NYSE:UNH) and CVS Health Inc (NYSE:CVS), combining Cigna's pharmacy-benefit unit and commercial insurance with Humana's Medicare business. Previous merger attempts by Cigna with other companies faced antitrust issues. Humana's CEO transition plan is underway, with Jim Rechtin set to become President and COO, and eventually CEO. Cigna's stock fell 5.6%, while Humana's dropped 1.17%.

Portfolio Pulse from Vandana Singh

November 29, 2023 | 6:02 pm

WTER

The Alkaline Water Company's stock is trading lower following the receipt of a deficiency letter from Nasdaq due to the late filing of its Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:00 pm

JYD

Jayud Global Logistics' stock is trading higher following the announcement of a strategic partnership with Shandong Oranda Logistics.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:58 pm

PBLA

Panbela Therapeutics' stock is trading higher following a recommendation from the independent Data Safety Monitoring Board to continue its study without modification.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:56 pm

AMC

CNK

IMAX

AMC Entertainment Holdings is set to release 'Renaissance: A Film by Beyonce,' expected to gross $40 million worldwide in its opening, following the success of Taylor Swift's concert film. The film will be shown in premium formats, including IMAX theaters, and will also be available at Cinemark Holdings locations. These releases, part of AMC's Q4 earnings, could significantly impact the company's financial results, especially with the Swift film grossing $250 million. AMC's stock is up 5.22% but down 80% YTD.

Portfolio Pulse from Chris Katje

November 29, 2023 | 5:54 pm

AMZN

Truist Securities analyst Youssef Squali has reiterated a Buy rating on Amazon.com (NASDAQ:AMZN) with a maintained price target of $176.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:52 pm

EGRX

Eagle Pharmaceuticals' stock is down following the announcement of a Nasdaq deficiency notice for a late 10-Q filing and the immediate resignation of Founder, President, and CEO Scott Tarriff.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:51 pm

EIS

USO

OPEC+ is contemplating new oil production cuts up to 1 million barrels a day due to the ongoing Middle East conflict. The decision could be made at a virtual meeting and may result in higher oil prices. The meeting was delayed from last week because of disagreements on production levels.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:46 pm

PWR

Quanta Services (NYSE:PWR) has seen a 14.29% increase in short interest since its last report, with 4.40 million shares sold short, representing 3.44% of its float. The short interest now takes 2.36 days to cover based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Quanta Services has less short interest compared to its peer group average of 4.14%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:45 pm