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VRNOF

Verano Holdings Corp. (CSE:VRNO) has received conditional approval from Cboe Canada to list its Class A subordinate voting shares. The company plans to delist the shares from the Canadian Securities Exchange and does not require any corporate restructuring for the transition. The shares will continue trading under the same symbol “VRNO” in Canada and “VRNOF” in the U.S. The move is expected to provide improved access to liquidity for investors and position the company well for a U.S. listing in the future.

Portfolio Pulse from Nina Zdinjak

October 03, 2023 | 2:39 pm

RIVN

TSLA

VFS

Shares of VinFast Auto Ltd. (NASDAQ:VFS) are trading lower as EV stocks are down following Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) announcing their Q3 production and delivery figures. Tesla's production and deliveries were down from Q2, while Rivian's were in line with expectations. VFS shares have fallen nearly 70% over the last month.

Portfolio Pulse from Erica Kollmann

October 03, 2023 | 2:38 pm

SMLP

Summit Midstream Partners LP (SMLP) shares rose by 14% after the company announced that it is exploring strategic alternatives to maximize unitholder value, including asset sale. The company also reported expected Q3 adjusted EBITDA of $70 million, up 20% Q/Q, and reaffirmed Q4 guidance at $75 million-$85 million. SMLP also reported significant Q3 volume growth in almost every segment.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 2:38 pm

CNXA

Trading of Connexa Sports Technologies shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:38 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is reportedly planning to raise the price of its ad-free service a few months after the Hollywood actors' strikes end. The price increases are expected to be rolled out in the U.S. and Canadian markets first, and could potentially be implemented in several global markets. The magnitude of the price increases remains unknown. Netflix shares were up 1.11% at $384.74 at the time of publication.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 2:34 pm

SMLP

Summit Midstream Partners (SMLP) has initiated a formal review process to evaluate strategic alternatives following interest from third parties. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:34 pm

VQS

VIQ Solutions Inc. (NASDAQ:VQS) shares are trading higher, despite the company's recent announcement of its stock delisting from the Nasdaq due to failure to meet the $1.00 minimum bid price listing requirement. The company also announced the resignation of its director. The stock remains more than 20% down over the last month.

Portfolio Pulse from Erica Kollmann

October 03, 2023 | 2:33 pm

NEE

A significant amount of unusual options activity has been observed for NextEra Energy (NYSE:NEE), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $40.0 and $67.5. The current price of NEE is $52.15, with RSI indicators suggesting the stock may be oversold. Analysts from Morgan Stanley, RBC Capital, BMO Capital, and Mizuho have maintained positive ratings on NextEra Energy, with price targets ranging from $65 to $91.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:32 pm

AXP

A large bearish position has been taken on American Express (NYSE:AXP), as observed from publicly available options history. The sentiment among big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $135.0 to $200.0 for American Express over the last 3 months. Morgan Stanley maintains an Overweight rating on AXP with a price target of $185, Piper Sandler maintains an Underweight rating with a price target of $150, and RBC Capital upgraded its action to Outperform with a price target of $200.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:31 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 20 years by 3.57% on an annualized basis, producing an average annual return of 10.81%. If an investor had bought $100 of KLAC stock 20 years ago, it would be worth $786.48 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:30 pm