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CDIO

Shares of Cardio Diagnostics (CDIO) were halted on a circuit breaker to the downside, but the stock is now up 104.4%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:37 pm

CDIO

Trading of Cardio Diagnostics Holdings (CDIO) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:35 pm

BMRN

IBB

Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical and has been in discussions with the company about its future. Elliott has spent over $1 billion on the stake in BioMarin, which focuses on rare genetic disorders and is valued at $14.6 billion. BioMarin is currently undergoing a change in chief executives and slow progress in the launch of its drug Roctavian. The company's shares are down 24% year-to-date, significantly underperforming the iShares Biotechnology ETF, which is down 8.6%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:34 pm

BRK

OXY

Warren Buffett's Berkshire Hathaway has increased its stake in Occidental Petroleum Corp from 23.92% to 25.8%. Despite this, Occidental's stock has remained range-bound. The market is now focused on Occidental's Q3 earnings report, with analysts expecting a quarter-on-quarter EPS improvement due to favorable oil price trends. The company's robust stock buyback program and recovering dividend yield are also seen as positives. Analysts have recently raised their price targets for Occidental, with a consensus price target of $64.50.

Portfolio Pulse from Surbhi Jain

November 07, 2023 | 3:31 pm

MS

Morgan Stanley (NYSE:MS) has outperformed the market over the past 15 years by 1.68% on an annualized basis, producing an average annual return of 13.12%. If an investor had bought $100 of MS stock 15 years ago, it would be worth $538.88 today.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:30 pm

NCL

Shares of Northann Corp. have been halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 34.1%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:30 pm

LMT

Over the past 10 years, Lockheed Martin (NYSE:LMT) has outperformed the market by 3.21% on an annualized basis, producing an average annual return of 12.64%. If an investor had bought $100 of LMT stock 10 years ago, it would be worth $328.90 today. Lockheed Martin currently has a market capitalization of $111.95 billion.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:30 pm

TSM

Taiwan Semiconductor's (NYSE:TSM) short percent of float has risen 8.33% since its last report, with 13.50 million shares sold short, which is 0.26% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Taiwan Semiconductor's short interest as a percentage of float is less than its peer group average of 3.67%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:30 pm

MUFG

Mitsubishi UFJ Financial Group's (NYSE:MUFG) short percent of float has fallen 20.0% since its last report, with 5.12 million shares sold short, which is 0.04% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, MUFG has less short interest as a percentage of float, with an average of 0.82%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:30 pm

SCCO

Southern Copper's (NYSE:SCCO) short percent of float has fallen 4.22% since its last report, with 4.84 million shares sold short, which is 5.68% of all regular shares available for trading. It would take traders 5.49 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.30% for its peer group.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 3:30 pm