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AEP

Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on American Electric Power (AEP) and increased the price target from $93 to $95.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:36 pm

VSTM

BTIG analyst Justin Zelin has initiated coverage on Verastem (NASDAQ:VSTM) with a Buy rating and set a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:36 pm

NAOV

NanoVibronix, Inc. (NASDAQ:NAOV) has regained compliance with Nasdaq's listing requirements, specifically the minimum stockholders' equity requirement of $2.5 million. The notice received on November 20, 2023, confirms that the company has met all criteria for continued listing on The Nasdaq Capital Market, closing the previously disclosed listing matter.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:34 pm

JAGX

Napo Pharmaceuticals, part of Jaguar Health, Inc. (NASDAQ:JAGX), has announced that top line data from its Phase 3 OnTarget trial for crofelemer, a drug for preventing diarrhea in cancer patients, is forthcoming. The trial results are still blinded to the company and key personnel. The trial's abstract has been accepted for presentation at the San Antonio Breast Cancer Symposium in December 2023. Crofelemer is a plant-based drug approved under FDA botanical guidance, and the trial aims to address the unmet need for treatment of chemotherapy-induced overactive bowel (CIOB).

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:33 pm

GPAK

Gamer Pakistan (GPAK) has announced a share repurchase program authorizing the buyback of up to $1 million worth of its shares. This move is typically seen as a sign of confidence by the company's management in the firm's future prospects and financial health. Share repurchase programs can often lead to a temporary increase in the stock price due to the reduced supply of shares and the positive signal it sends to the market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:31 pm

GEN

ONDS

PRCH

TSM

Four tech stocks in the information technology sector are showing overbought signals according to their Relative Strength Index (RSI) values, which could be a warning to momentum investors. Ondas Holdings Inc. (ONDS) reported a narrower-than-expected quarterly loss and achieved record revenue, with an RSI of 82.79. Gen Digital Inc. (GEN) reported better-than-expected sales and has an RSI of 77.80. Porch Group, Inc. (PRCH) also reported better-than-expected sales with an RSI of 76.58. Taiwan Semiconductor Manufacturing Company Limited (TSM) is considering a new advanced chipmaking plant in Japan and has an RSI of 72.15.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:26 pm

CLX

KO

TGT

The article highlights three high-yielding dividend stocks in the consumer staples sector, with recent analyst ratings and price target adjustments. The Coca-Cola Company (KO) had a dividend yield of 3.21% with mixed analyst ratings and a raised full-year guidance. Target Corporation (TGT) had a dividend yield of 3.39%, with positive analyst ratings and better-than-expected Q3 results. The Clorox Company (CLX) had a dividend yield of 3.50%, with improved analyst ratings and better-than-expected Q1 sales results.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:25 pm

WAVD

WaveDancer, Inc. (NASDAQ:WAVD) has regained compliance with NASDAQ's listing requirements after previously failing to meet the minimum bid price and stockholders' equity standards. The company achieved compliance through a reverse stock split and by increasing its stockholders' equity above the required threshold. NASDAQ will monitor WaveDancer for one year, and the upcoming merger with Firefly Neuroscience, Inc. is expected to further impact compliance in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:24 pm

AVGO

NVDA

VMW

Broadcom Inc (AVGO) and VMware, Inc (VMW) have received all necessary regulatory approvals to close their merger deal, including from China. Despite this, both stocks traded lower in the premarket. The deal is expected to close on November 22, 2023. Broadcom has previously faced concerns over U.S. AI technology embargoes on China, which could affect a third of its revenue from China. Nvidia Corp (NVDA) was also mentioned in relation to U.S. plans to halt shipments of advanced AI chips to China.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 1:21 pm

PNC

PNC Financial Services Group's (NYSE:PNC) short interest has decreased by 6.21% since the last report, with 5.40 million shares sold short, representing 1.36% of available shares. It would take about 2.11 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. PNC has a higher short interest than its peer group average of 0.78%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:15 pm