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MITQ

Moving iMage Technologies (NYSE:MITQ) has announced a 10b5-1 stock trading plan to facilitate its previously re-authorized one-year, $1 million share repurchase program. The company had repurchased approximately 273,000 shares for $303,000 by June 30, 2023, leaving $697,000 available for future repurchases. The 10b5-1 plan allows for repurchases of MITQ common stock during blackout periods based on MiT's insider trading policy.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:03 pm

AEP

American Electric Power Company Inc (AEP) has appointed Charles E. Zebula as its new CFO, effective immediately. Zebula, who previously served as AEP's executive vice president, Portfolio Optimization, succeeds Ann P. Kelly. The company also reaffirmed its 2023 operating EPS guidance range of $5.19-$5.39, long-term growth rate of 6%-7%, and FFO/Debt target of 14%-15%. AEP shares traded lower by 2.40% at $73.42 on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 2:02 pm

SPY

The USA ISM Manufacturing Employment index for September was reported at 51.2, higher than the estimated 48.3 and the prior month's 48.5.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:02 pm

PDD

A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $95.0 to $140.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 0.4% at $98.46.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:01 pm

SPY

USA Construction Spending for August was reported at 0.5%, in line with estimates, but lower than the 0.9% reported in the prior month.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:01 pm

DVN

A significant amount of unusual options activity has been detected for Devon Energy (NYSE:DVN), with a majority of investors taking a bearish stance. The trades range from $40.0 to $55.0 for Devon Energy over the last 3 months. The current price of DVN is down -1.99% at $46.75. Citigroup and Mizuho have maintained their Buy rating on Devon Energy, with price targets of $55 and $62 respectively.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:01 pm

BILL

Over the past 3 months, 23 analysts have published their opinion on BILL Holdings (NYSE:BILL) stock. The average price target is $134.74, implying an upside from the current price of $108.7998. This average has increased by 20.91% from the previous average price target of $111.44.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:00 pm

SPY

The USA ISM Manufacturing Prices for September came in at 43.8, lower than the estimated 48.6 and the prior figure of 48.4.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:00 pm

ZI

ZoomInfo Technologies (NASDAQ:ZI) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The company's average price target has decreased by 15.62% from $32.00 to $27.00. Over the past 3 months, 20 analysts have offered 12-month price targets for ZoomInfo, with a high of $35.00 and a low of $19.00.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:00 pm

BUD

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has completed its acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE:BUD). The U.S. craft beer market is projected to generate approximately $30 billion in revenue in 2023 and grow at a CAGR of approximately 7.2% throughout the year. Tilray is expected to become the 5th largest craft beer business in the U.S. market this year, up from the 9th. Tilray shares were trading 1.26% higher at $2.42 per share during Monday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 2:00 pm