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NIO

NIO Inc. (NYSE:NIO) shares rose by over 4% on Monday, rebounding from last week's pullback. The increase began in early December after a positive third-quarter earnings report and forecast. The recent rise was further supported by reports of a potential spin-off of its battery manufacturing unit. However, last week's decline was due to considerations of further job cuts to reduce costs and improve efficiency, following a previous announcement of a 10% workforce reduction.

Portfolio Pulse from Ryan Gustafson

December 11, 2023 | 9:22 pm

SAIC

SAIC announced a reorganization of its business structure, effective February 3, 2024. The company will form five new business groups to replace its two current business sectors. This strategic move is aimed at enhancing operational efficiency and better aligning with market demands.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:22 pm

PTHR

Horizon Aircraft and Pono Capital Three, Inc. (NASDAQ: PTHR, PTHRU, PTHRW) are set to complete a business combination that was announced on August 15, 2023. The combined entity will trade on NASDAQ under the ticker 'HOVR'. Additionally, Brian Merker has been appointed as CFO of Robinson Aircraft, which is doing business with Horizon Aircraft.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:19 pm

OLPX

Olaplex Holdings Inc has appointed Amanda Baldwin as the new Chief Executive Officer, succeeding John P. Bilbrey who served as the interim CEO, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:16 pm

DFS

Discover Financial Services has appointed Michael G. Rhodes as its new Chief Executive Officer and President. Rhodes brings extensive experience to the role, which may influence the company's strategic direction and potentially impact investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:15 pm

LCID

Lucid Motors announced the immediate resignation of CFO Sherry House, who is leaving to pursue other opportunities. Gagan Dhingra will take over as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:10 pm

TRMB

Activist investor Jana has taken a position in Trimble Inc. and is advocating for the company to concentrate on organic growth. Jana believes that Trimble, which specializes in GPS, laser, and optical technologies, should focus on its core businesses to enhance value for shareholders. The investor's push for organic growth suggests a strategy shift away from acquisitions and towards internal development and efficiency improvements.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:37 pm

GIL

Gildan Activewear's stock is trading lower following the announcement that Glenn J. Chamandy has stepped down as President, CEO, and director. Chamandy released a statement after the company's announcement.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:53 pm

NOVA

Traders are discussing a call hosted by JP Morgan with Sunnova Energy's CEO, where the CEO stated that most of the company's BBB complaints have been resolved and they expect the DoE loan guarantee to be upheld.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:10 pm

CGC

CRLBF

CURLF

FFNTF

TSNDF

The Benzinga Cannabis Capital Conference (CCC) in 2023 showcased visionaries who have shaped the cannabis industry. Leaders from companies like Phyto Partners, Poseidon Investment Management, Cookies, Grön, Timeless Refinery, Fernway, Advanced Vapor Services, Zuber Lawler LLP, Würk, PharmaCann, Custom Cones USA, 4Front Ventures, Oak Canna & Wellness, MATTIO Communications, Curaleaf Holdings, TerrAscend Corp, and Cresco Labs shared insights on innovation, market strategies, and regulatory challenges. The CCC will return to Florida in 2024, with tickets available at bzcannabis.com. Notable mentions include Martha Stewart's CBD gummy line with Canopy Growth Corp (CGC) and Alexa Alianiello's role in launching cannabis advertising on Twitter.

Portfolio Pulse from Abbey

December 11, 2023 | 6:57 pm