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PDD

PDD Holdings shares declined following a downgrade by Citigroup from Buy to Neutral, along with reduced price targets from multiple firms.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 4:20 pm

MULN

Mullen Automotive shares fell on Tuesday after a previous rise due to a $210 million purchase agreement with Volt Mobility for EV cargo vans and trucks. Despite the positive news, the stock is down over 70% in the past month.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 4:19 pm

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CMG

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GOOG

GOOGL

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HLT

NKE

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SEG

Bill Ackman is considering launching a Pershing Square ETF instead of a closed-end fund IPO, aiming to offer more accessible and liquid investment options. This shift aligns with modern investment trends and could attract a broader range of investors.

Portfolio Pulse from Surbhi Jain

August 27, 2024 | 4:18 pm

DCTH

Delcath Systems shares rose following the publication of a study by investigators in the Annals Of Surgical Oncology.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 4:16 pm

LYV

SONY

Oasis is reuniting for a 14-date tour in the UK and Ireland in 2025, coinciding with the 30th anniversary of their debut album. This reunion could boost sales for Sony Group Corp, which owns the band's record label, and increase ticket sales for Live Nation Entertainment, which owns Ticketmaster.

Portfolio Pulse from Chris Katje

August 27, 2024 | 4:08 pm

PDD

PDD Holdings Inc. (NASDAQ:PDD) shares fell over 28% after Q2 results, citing increased competition and challenges affecting profits and growth. Analysts adjusted ratings and price targets, with mixed views on future performance.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 4:08 pm

AAMC

ADXN

AMWD

ENSC

HAIN

VOXX

U.S. stocks mostly fell on Tuesday, with the Dow Jones down 0.16%. Hain Celestial Group reported better-than-expected earnings, while Addex Therapeutics shares surged 39% due to a collaboration milestone. Ensysce Biosciences shares rose 43% after receiving a grant, and VOXX International gained 70% after announcing strategic alternatives. Altisource Asset Management shares dropped 48% after announcing a delisting, and American Woodmark fell 10% due to poor financial results.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 4:04 pm

VRSK

Verisk Analytics (NASDAQ:VRSK) has outperformed the market over the past 10 years with an average annual return of 15.39%, surpassing the market by 4.57% annually. A $100 investment in VRSK 10 years ago would now be worth $418.42.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 4:01 pm

RPM

RPM International Inc (NYSE:RPM) has received mixed analyst ratings over the past quarter, with a range of opinions from bullish to bearish. The average 12-month price target is $125.62, with a high of $140.00 and a low of $110.00. Recent analyst actions include both raises and lowers in price targets, reflecting varied expectations. Despite revenue challenges, RPM Intl shows strong profitability and financial health with impressive net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 4:01 pm

SHOP

Shopify (NYSE:SHOP) has significantly outperformed the market over the past 15 years, with an annualized return of 18.24%. A $1000 investment in Shopify 15 years ago would now be worth $12,385.14, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 4:01 pm