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GSK

MRNA

PFE

Moderna Inc's stock is trading lower after a Phase 3 trial analysis of its experimental RSV vaccine showed a faster decline in effectiveness compared to competitors GSK Plc and Pfizer Inc. The vaccine's efficacy dropped to about 63% after 8.6 months from an initial 84% at 3.3 months. In contrast, Pfizer's vaccine efficacy decreased to 49% at 17 months from 67%, and GSK's vaccine efficacy reduced to 77% at 14 months from 83%. Moderna is focusing on driving sales of its COVID-19 vaccine and launching its RSV vaccine in 2024.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 5:03 pm

LSPD

TD Securities analyst Daniel Chan downgrades Lightspeed Commerce (NYSE:LSPD) from Buy to Hold and sets a new price target of $17.5.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 5:03 pm

SPXL

SPXS

SPY

The S&P 500 surpassed the 5000 mark, driven by optimism over potential Federal Reserve rate cuts and stable inflation rates. The SPDR S&P 500 ETF (SPY) and leveraged ETFs like Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) are highlighted as reaching overbought territory, suggesting a short-term pullback. The article discusses trading strategies for SPY, SPXL, and SPXS in the current market conditions.

Portfolio Pulse from Melanie Schaffer

February 09, 2024 | 5:03 pm

CXW

Wedbush has reaffirmed its Outperform rating on CoreCivic (NYSE:CXW) and increased its price target from $17.00 to $18.00. CoreCivic's shares have risen 3.6% in the last 24 hours to $15.54. The new price target suggests a potential upside of 15.83%. CoreCivic, a company that operates private prisons and detention centers, has seen the majority of its revenue come from its Safety segment.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm

BLZE

B. Riley Securities has reaffirmed its Buy rating on Backblaze (NASDAQ:BLZE) and increased its price target from $9.00 to $11.00. Backblaze's shares have risen 1.49% in the last 24 hours to $8.88. The new price target suggests a potential upside of 23.87%. Backblaze provides cloud storage services, with a significant portion of its revenue coming from the United States.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm

TBBB

BBB Foods' IPO is indicating a price range of $19.75-$20.25 per share, which is above the initial IPO price of $17.50 per share for 33.7 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 5:00 pm

CTAS

Over the past 5 years, Cintas (NASDAQ:CTAS) has outperformed the market with an annualized return of 25.21%, turning a $100 investment into $312.39 today. The company's market capitalization stands at $62.74 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm

DOCS

Doximity Inc (NYSE:DOCS), a digital platform provider for U.S. medical professionals, reported a Q3 2024 revenue of $135.3 million, a 17% increase year-over-year, surpassing both consensus and management guidance. Adjusted net income rose to $58.5 million with a margin of 43.2%, and adjusted EPS of $0.29 beat the consensus of $0.23. Adjusted EBITDA was $73.3 million, up 32% Y/Y. The company raised its fiscal year 2024 revenue forecast to $473.3 million-$474.3 million. Wells Fargo analyst Stan Berenshteyn upgraded DOCS's price target from $25 to $27. Shares are up 1.70% at $28.72.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 5:00 pm

GME

Over the past 5 years, GameStop (NYSE:GME) has significantly outperformed the market, with an annualized return of 26.31% and an average annual return of 39.07%, turning a $1000 investment into $5,316.81. GameStop's market capitalization stands at $4.37 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm

MAA

Mid-America Apartment (NYSE:MAA) has seen a 5.41% increase in short interest since its last report, with 3.01 million shares sold short, representing 3.12% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. The company's short interest is higher than its peer group average of 2.77%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:00 pm