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INMD

InMode Ltd's shares have dropped by over 20% following the company's Q3 guidance, which is below estimates, and a reduction in FY23 revenue guidance. The company attributes the lower guidance to an expected economic slowdown impacting platform sales, higher interest rates, tighter leasing approval standards, and bottlenecks in loan processing. Despite these challenges, InMode does not anticipate any interruption to production.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:46 pm

TTOO

T2 Biosystems has announced a reverse stock split, which is effective today. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:43 pm

KVYO

SHOP

Boston-based marketing automation company Klaviyo Inc. (NYSE:KVYO) went public last month with backing from Canadian e-commerce giant Shopify Inc. (NYSE:SHOP). Despite a 3% drop since its market debut, Klaviyo has remained resilient. The company listed its shares at an IPO pricing range of $27-$29, opened at $32.06, and targeted a fully diluted valuation of approximately $9 billion. Klaviyo has seen substantial revenue growth, with a 51% increase in the latest quarter bringing its revenue to $164.6 million. Shopify holds approximately 11% of Klaviyo's shares and made a $100 million investment last year.

Portfolio Pulse from Aditi Ganguly

October 12, 2023 | 2:40 pm

GRNT

PBF

RNGR

SJT

WTI

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Ranger Energy Services (NYSE:RNGR), Granite Ridge Resources (NYSE:GRNT), PBF Energy (NYSE:PBF), W&T Offshore (NYSE:WTI), and San Juan Basin Royalty (NYSE:SJT). These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in a value stock is that its price may never rebound.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:39 pm

OPGN

OpGen has announced a Preferred Stock Purchase Agreement and received an advanced payment of €750,000 related to the sale of certain Unyvero A50 systems by Curetis to a strategic partner. This has led to a rise in OpGen's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:38 pm

CVNA

Carvana's stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:37 pm

AMR

Alpha Metallurgical Resources has reported preliminary Q3 sales volume and realizations, and has lowered its FY23 metallurgical coal shipment guidance. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:36 pm

CHPT

ChargePoint Holdings Inc's shares are trading lower by 3.28% after the company announced it has secured a commitment from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company is raising funds through an 'at-the-market' offering and a $150 million revolving credit facility to achieve adjusted EBITDA profitability by the fourth fiscal quarter of the following year. ChargePoint also plans to modify the terms of their notes with the lead investor, extending the maturity date to April 1, 2028, and adjusting the conversion price to $12.00 per share.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 2:33 pm

ADBE

A significant amount of unusual options activity has been detected for Adobe (NASDAQ:ADBE), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $505.0 to $650.0 for Adobe over the last 3 months. Adobe's current price is $554.32, up 0.8%. Analysts from BMO Capital, Piper Sandler, Wolfe Research, RBC Capital, and Citigroup have maintained their ratings on Adobe, with price targets ranging from $610 to $650.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

PXD

A significant bullish stance has been taken on Pioneer Natural Resources (NYSE:PXD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $150.0 to $290.0 for Pioneer Natural Resources over the last 3 months. Roth MKM downgraded its action to Buy with a price target of $245, while Morgan Stanley and Mizuho maintained their ratings with price targets of $236 and $301 respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm