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Equity Actions

ABSI

Absci Corp (NASDAQ:ABSI) shares dropped 9.4% to $4.46 after announcing a 16.7 million share offering at $4.50 each, aiming to raise approximately $75.2 million for development and corporate purposes. Morgan Stanley and TD Cowen are managing the offering, expected to close by March 1. The company does not pay dividends but focuses on value through internal development and potential buybacks.

Portfolio Pulse from Henry Khederian

February 28, 2024 | 6:16 pm

VSAC

VSACU

VSACW

Vision Sensing Acquisition Corp. (VSAC, VSACU, VSACW) announced its intention to extend the deadline for its initial business combination with Mediforum Co. Ltd. to April 3, 2024. The extension, funded by a $60,000 deposit from its sponsor, Vision Sensing, LLC, allows for additional time to complete the merger. This marks the fourth of up to six possible one-month extensions allowed under its charter.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:03 pm

DBX

Half Moon Capital, LLC has issued an open letter to Dropbox's Board of Directors, urging a course correction due to concerns over the company's decision to 'deemphasize' its Family Plan. Half Moon Capital criticizes this move as it believes it has contributed to a decline in paying users and left Dropbox vulnerable to competition. The investment firm, being a long-term investor and a user of the service, highlights that the Family Plan accounted for over 50% of new paying user additions in 2023. They argue that the management's view of the Work Family Plan as a loophole is a misinterpretation and that its absence has made Dropbox's entry-level plan significantly more expensive than competitors. Half Moon Capital urges the immediate reinstatement of the Work Family Plan to prevent further value destruction and to help Dropbox return to a more favorable growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:03 pm

NCLH

Norwegian Cruise Line (NYSE:NCLH) has been evaluated by 6 analysts over the last three months, showing a diverse range of opinions from bullish to bearish. The average 12-month price target is $21.83, indicating a 3.12% increase from the previous target. Analysts' actions vary from maintaining to raising and lowering their ratings and price targets. Norwegian Cruise Line's financial performance shows strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 6:00 pm

TWKS

Thoughtworks Holding (NASDAQ:TWKS) has been evaluated by 4 analysts over the last three months, showing a mix of opinions. Recent ratings include 1 somewhat bullish and 3 indifferent, with a notable shift in sentiment over the past 30 days. The 12-month price targets for TWKS show an average of $4.85, down from the previous $5.17. Analysts from RBC Capital, Piper Sandler, Citigroup, and Baird have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Thoughtworks faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties in profitability and financial efficiency.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 6:00 pm

OGEN

Oragenics announced the pricing of a $2.1 million public offering of 1.4 million shares at $1.50 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:41 pm

BAC

BXMT

COIN

HOOD

LMND

SOFI

TROW

Today's whale activity in the Financials sector highlighted significant options trading across various stocks, indicating bearish, bullish, and neutral sentiments. Notable trades were observed in COIN, HOOD, MA, BAC, LMND, SOFI, BXMT, TROW, SQ, and BX, with varying expiration dates, strike prices, and sentiments. This activity could signal upcoming movements in these stocks based on the large sums of money involved and the specific sentiments expressed through the options market.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

ABNB

AMZN

CPNG

CVNA

GLBE

MMYT

TSLA

WHR

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like TSLA, FL, LI, CPNG, GLBE, AMZN, ABNB, CVNA, WHR, and MMYT. This unusual options activity could suggest expectations of future stock price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

AMD

ARM

CRM

MARA

MSTR

NVDA

PATH

PLTR

SNOW

STX

Today's whale activity in the Information Technology sector highlighted unusual options trading for several companies. Notable bullish sentiment was observed in MARA, MSTR, STX, and AMD, while bearish sentiment was seen in NVDA, PLTR, and SNOW. CRM, ARM, and PATH had neutral to bullish sentiment respectively. The activity involved both call and put options with varying expiration dates and strike prices, indicating diverse market expectations.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

PATH

UiPath's (NYSE:PATH) short interest has decreased by 23.89% since the last report, with 18.84 million shares sold short, representing 4.78% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock among investors. UiPath has a higher short interest compared to its peers, with an average of 4.04% in its peer group.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:30 pm