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Assets

SLRX

Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) has announced plans to explore strategic alternatives and implement measures to extend its resources. The company has retained Canaccord Genuity, LLC to lead a comprehensive review of strategic alternatives including an acquisition, merger, reverse merger, divestiture of assets, licensing or other strategic transactions. Salarius is also implementing a cost-savings plan that includes a reduction in workforce by over 50% of its positions.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:59 pm

CNS

Cohen & Steers, Inc. (NYSE:CNS) reported preliminary assets under management of $82.3 billion as of July 31, 2023, an increase of $1.9 billion from June 2023. The increase was due to net inflows of $231 million and market appreciation of $1.9 billion, offset by distributions of $162 million.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:53 pm

KKR

SNV

Global investment firm KKR has acquired a $373 million portfolio of prime auto loans from Synovus Bank. This aligns with KKR's asset-based finance (ABF) strategy, which focuses on privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets. KKR has made 65 ABF investments globally since 2016 and has approximately $42 billion in ABF assets under management.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:39 pm

CLW

Clearwater Paper Corporation (CLW) has appointed Sherri Baker as its new Chief Financial Officer (CFO), effective from August 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:32 pm

KOPN

Kopin Corporation (NASDAQ:KOPN) has received a $12.8 million follow-on order for its eyepiece subassembly, a critical component for a Department of Defense prime contractor. The order represents a significant increase in year-over-year demand, with deliveries scheduled for 2024. This is the third follow-on order for this product, reflecting Kopin's success in designing and manufacturing complex microdisplay modules and subassemblies.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:00 pm

MSFT

TSLA

Zachary Kirkhorn, the former CFO of Tesla Inc., has left the company with a net worth of $590 million, primarily from Tesla shares and compensation options. This amount is just 0.25% of CEO Elon Musk's wealth, which stands at $230.6 billion. Kirkhorn's future plans are currently unknown.

Portfolio Pulse from Piero Cingari

August 08, 2023 | 8:53 pm

BYND

Cannasoft Enterprises Inc. reported Q2 2023 revenues of $251.05M, up 21% from $207.65M YoY. However, the company's gross profit decreased to 57% from 59% in 2022, and its net loss increased 242% to $1,147,324. The company's working capital and total assets also decreased.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 8:50 pm

USO

The American Petroleum Institute (API) reported a build of 4.067 million barrels in the weekly crude oil stock, against an expected draw of 233,000 barrels. This unexpected increase could impact the price of oil and related assets.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:34 pm

AXP

A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $145.0 to $170.0 for American Express over the last 3 months. The price of AXP is down -0.65% at $165.87. Several financial institutions have given their ratings and price targets for AXP.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 8:31 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these traders for UnitedHealth Group over the last 3 months is from $460.0 to $550.0. Deutsche Bank, UBS, Mizuho, and Wells Fargo have maintained their ratings on UnitedHealth Group with price targets ranging from $510 to $561.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 8:31 pm