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GRPN

Groupon shares are trading higher despite the company announcing it is not in compliance with Nasdaq listing requirements and plans to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:54 pm

FOXO

Vincent J. Dowling, Jr., manager of Baboon Partners, LLC and Coat Tail Partners, LLC, has increased his stake in FOXO Technologies to 9.18%, according to a recent 13G filing.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:41 pm

UBER

Uber Technologies Inc (NYSE:UBER) is cutting 200 jobs in its recruitment division to streamline costs, impacting less than 1% of its global workforce. This follows the layoff of 150 employees in Uber's Freight earlier this year. The company reported Q1 FY23 revenue growth of 29% YoY to $8.82 billion.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 4:35 pm

EQIX

Equinix shares dropped after a disappointing analyst day, with management suggesting a deceleration from current elevated levels. Analyst Timothy Horan downgraded the rating for Equinix from Outperform to Perform, while keeping the price target unchanged at $768.

Portfolio Pulse from Priya Nigam

June 22, 2023 | 4:35 pm

LCID

Lucid Group shares are trading lower due to weakness in the electric vehicle (EV) stocks.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:33 pm

AAPL

Apple Inc.'s stock increased by 7.39% over the past month and 31.15% over the past year. Its current P/E ratio of 31.36 is lower than the industry average of 75.12, which could indicate undervaluation or lower future growth expectations. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for informed investment decisions.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 4:31 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 5 years, producing an average annual return of 34.84%. A $1000 investment in KLAC 5 years ago would be worth $4,476.57 today.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 4:30 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 20 years, producing an average annual return of 10.79%. A $1000 investment in HON 20 years ago would be worth $7,812.21 today.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 4:30 pm

AVGO

Bill Baruch announced on CNBC that he has sold his Broadcom (AVGO) shares.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:29 pm

INM

InMed Pharmaceuticals' stock is trading lower after releasing safety and efficacy results from its Phase 2 clinical trial for symptoms related to Epidermolysis Bullosa (EB). The trial showed mixed results, with some patients experiencing improvement with INM-755 cannabinol cream, while others did not. The company plans to seek R&D and commercial partnership opportunities for further development.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 4:28 pm