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TRIP

TripAdvisor reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:43 pm

BRGC

CALC

GCI

LOCL

Insiders at four companies, Local Bounti Corporation (LOCL), CalciMedica, Inc. (CALC), Gannett Co., Inc. (GCI), and BrightRock Gold Corp. (BRGC), have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. However, each company has faced challenges recently, including downgrades, wider losses, worse-than-expected revenues, and stock declines.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

TGLS

Tecnoglass Inc (NYSE:TGLS) reported a 4.4% Y/Y revenue growth to $210.7 million, beating the consensus of $207.6 million, and adjusted EPS of 98 cents, beating the consensus of 97 cents. The company tightened its FY23 sales outlook to $835 million-$848 million and revised the adjusted EBITDA outlook to $300 million-$308 million. The company has a dividend yield of 1.19%, which is a quarterly dividend amount of 9 cents a share. However, the company's shares fell 12.1% to close at $30.13 on Monday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:42 pm

MMC

SPY

Marsh & McLennan Companies Inc. (NYSE:MMC) is showing a strong performance with a 146% increase over the last five years, outpacing the 73% return of the SPDR S&P 500 ETF (NYSE:SPY). The company has grown earnings by an average of 18% per year over the last five years and is expected to grow earnings by 11% per year going forward. MMC is also buying back shares with a buyback yield of 1% and offers a 1.5% dividend. The stock is currently trading at one of its lowest P/E ratios in the last five years.

Portfolio Pulse from Cory Mitchell

November 07, 2023 | 1:41 pm

KEYS

Keysight Technologies has filed a tender offer for all remaining outstanding shares of ESI Group at a price of 155 Euros per share.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:40 pm

WWAC

Aeries Technology, Inc has completed its business combination with Worldwide Webb Acquisition Corp. (NASDAQ:WWAC), becoming a publicly traded company. The combined company's ordinary shares and warrants will be listed on The Nasdaq Stock Market LLC under the symbols 'AERT' and 'AERTW'. Aeries Technology offers a range of management consultancy services and currently has 30+ clients across various verticals in the U.S. and other international markets. The company is also in discussions to raise further capital to execute on its growth and M&A strategy.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:36 pm

VTGN

Vistagen (NASDAQ:VTGN) will present positive top-line results from its fasedienol (PH94B) Phase 3 PALISADE-2 trial in social anxiety disorder (SAD) and PH80 Phase 2A study in women diagnosed with vasomotor symptoms due to menopause at two upcoming scientific conferences in November 2023. The company aims to transform the treatment landscape for individuals living with anxiety, depression, and other central nervous system disorders.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:35 pm

PXMD

PaxMedica has announced the publication of its Autism Spectrum Disorder Phase 2 study results in a peer-reviewed journal. The results of the study could have significant implications for the company's future developments and stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:29 pm

SNTI

VTYX

Several stocks are experiencing significant pre-market movements. Senti Biosciences, Tharimmune, TransMedics Group, GSE Systems, Unisys Corporation, Alteryx, Augmedix, Color Star Technology, CF Acquisition Corp. IV, and Tripadvisor reported gains due to various reasons such as strategic collaborations, licensing agreements, better-than-expected Q3 results, and strong FY23 revenue guidance. On the other hand, Ventyx Biosciences, Alto Ingredients, MSP Recovery, Coherus BioSciences, Ameresco, Aura Biosciences, Clover Health Investments, Trevena, Tenon Medical, and NanoString Technologies reported losses due to reasons such as disappointing trial results, mixed Q3 results, and weak quarterly sales.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:28 pm

NFLX

Netflix has announced that it will increase its subscription prices ahead of the holiday season. The price hikes are expected to affect all of its U.S. customers.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:27 pm