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PXMD

Shares of PaxMedica have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:16 pm

BABA

BIDU

NVDA

Nvidia Corp (NVDA) lost a significant artificial intelligence chip order from Baidu Inc (BIDU) to Huawei Technologies Co due to the U.S. embargo on AI technology chips for China. Despite this, Nvidia's A100 and H100 chips have dominated the global AI chip market. However, recent reports suggest that Nvidia may lose orders worth over $5 billion in 2024 from China's leading AI and cloud-computing companies, including Alibaba Group Holding Limited (BABA).

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 3:15 pm

GD

General Dynamics's (NYSE:GD) short percent of float has risen 25.29% since its last report, with 2.64 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 1.76 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 2.67%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:15 pm

IQV

IQVIA Hldgs's (NYSE:IQV) short percent of float has risen 12.9% since its last report, with 3.93 million shares sold short, which is 2.45% of all regular shares available for trading. It would take traders 3.71 days to cover their short positions on average. The company's short interest is less than its peer group average of 5.37%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:15 pm

AXP

American Express's (NYSE:AXP) short percent of float has risen 3.67% since its last report, with 6.51 million shares sold short, which is 1.13% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, American Express has less short interest as a percentage of float, with an average of 8.22%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:15 pm

APD

Air Products & Chemicals Inc (NYSE:APD) reported a Q4 FY23 adjusted EPS increase of 11% YoY to $3.15, beating consensus estimates. However, sales declined by 11% YoY to $3.19 billion, missing consensus estimates. The company expects an adjusted EPS of $12.80-$13.10 for FY24. APD shares are trading lower by 10.8% at $259.74.

Portfolio Pulse from Akanksha Bakshi

November 07, 2023 | 3:14 pm

PXMD

Shares of PaxMedica (PXMD) were halted on a circuit breaker due to a sharp downside movement. Despite this, the stock is still up by 142%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:11 pm

BNTX

MYNZ

BioNTech SE (NASDAQ: BNTX) posted a surprise earnings with its latest quarterly report but lowered its revenue forecast due to lower demand for Covid vaccines. The company is shifting its focus from COVID-19 to innovative oncology. Meanwhile, Mainz Biomed N.V. (NASDAQ: MYNZ) announced it will be attending one of the largest medical B2B trade fairs in the world and presenting its flagship product, a colorectal cancer detection test.

Portfolio Pulse from Upwallstreet

November 07, 2023 | 3:10 pm

PXMD

PaxMedica Inc's stock (NASDAQ:PXMD) surged by 175% after the company announced promising research findings on low-dose suramin intravenous infusions as a potential treatment for Autism Spectrum Disorder. The study involved 52 boys aged 4-15 with moderate to severe ASD and showed significant improvements in core symptoms, particularly with the 10 mg/kg suramin infusion.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 3:03 pm

SLGC

SomaLogic (NASDAQ:SLGC) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.17. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. However, the stock has been on a downward trend over the last 52-week period, with shares down 18.96%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:02 pm