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VALE

Vale Inc. (NYSE:VALE) stock is currently trading at $15.19, with a slight decrease of 0.07% in the current session. Despite this, the stock has seen a significant increase of 22.40% over the past month and a 1.00% increase over the past year. The article discusses Vale's P/E ratio in comparison to the Metals & Mining industry average. Vale's P/E is lower than the industry average, which could indicate that the stock is undervalued or that shareholders have low expectations for future performance.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:30 pm

MOND

Mondee Holdings has filed with the SEC for a secondary offering of up to 1.3 million shares of common stock. This move could potentially dilute existing shareholders' equity and impact the stock's price.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:29 pm

JNJ

Johnson & Johnson (NYSE:JNJ) has settled two major talc-related lawsuits, following an appeals court's decision to overturn a $223.8 million verdict against the company. J&J faces over 50,000 lawsuits alleging that its talc products, which it claims are safe, contain asbestos. The settlements are part of a broader agreement with the law firm representing many talc cases. The terms of the settlements are not disclosed. J&J previously attempted to transfer talc claims to bankruptcy court, which was denied. JNJ shares dropped 0.87% in premarket trading.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 2:25 pm

BZH

Wedbush analyst Jay McCanless has reiterated a Neutral rating on Beazer Homes USA (NYSE:BZH) and maintained a $32 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:23 pm

CAUD

COMM

GEG

LDI

Insiders at four companies, Collective Audience, Great Elm Group, loanDepot, and CommScope Holding, have recently made significant stock purchases. These transactions can signal insider confidence in the companies' prospects. Collective Audience CEO Brent Suen bought 190,000 shares, Great Elm Group Director James Hugar acquired 5,042 shares, loanDepot CEO and President Frank Martell purchased 50,207 shares, and CommScope Holding CEO and President Charles Treadway bought 153,019 shares. These insider trades occur alongside various company updates, including a business combination for Collective Audience, a quarterly earnings miss for Great Elm Group, a wider-than-expected loss for loanDepot, and an analyst upgrade for CommScope.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 2:19 pm

WSM

Goldman Sachs analyst Kate McShane has maintained a Sell rating on Williams-Sonoma (NYSE:WSM) but increased the price target from $127 to $144.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:17 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is targeting $20 billion in merchandise exports from India by 2025, focusing on small sellers. Bhupen Wakankar, director of global trade at Amazon, highlighted the growth of entrepreneurs on the platform and the demand for 'Made in India' products. Amazon Global Trade has over 100,000 small manufacturers from India, with many experiencing a 70% annual business growth. The company has reduced subscription fees for its global selling program to support exporters. AMZN shares saw a slight increase of 0.10% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 2:16 pm

RBLX

Goldman Sachs analyst Kevin Kumar has maintained a Sell rating on Roblox Corporation (NYSE:RBLX) but increased the price target from $23 to $26.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:15 pm

GM

General Motors (NYSE:GM) has seen a decrease in short interest, with the short percent of float falling 11.81% since the last report. The company has 28.57 million shares sold short, representing 2.09% of available shares. The average time to cover these short positions is 1.39 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. GM's short interest is below its peer group average of 12.33%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:15 pm

NFLX

Netflix (NYSE:NFLX) has experienced a 15.1% increase in short interest since its last report, with 9.55 million shares sold short, representing 2.21% of its float. The short interest is below the peer group average of 7.24%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 2:15 pm