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PLOW

Douglas Dynamics forecasts 2024 net sales of $600M-$660M, aligning with a $633.93M consensus. Adjusted EPS is projected at $1.20-$2.10, versus a $1.74 consensus. The company anticipates 50%-100% EPS growth from 2023, attributing this to demand recovery in Attachments and ongoing profit and margin enhancements. The expected effective tax rate is 24%-25%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:12 am

ARKB

BITB

COIN

IBIT

MSTR

Bitcoin surpassed $56K, with Ethereum and Dogecoin also seeing gains as the crypto market cap exceeds $2T. The surge is attributed to factors like spot Bitcoin ETF inflows and positive investor sentiment. Trading volumes for nine spot Bitcoin ETFs hit a record $2.4 billion, with BlackRock's IBIT leading. MicroStrategy expanded its Bitcoin holdings. The S&P 500 and Nasdaq saw declines, while stocks linked to Bitcoin's price, including Coinbase and Microstrategy Inc, surged.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 2:59 am

AMH

PEAK

American Homes 4 Rent will replace Physicians Realty Trust in the S&P MidCap 400 before trading opens on March 1, due to Healthpeak Properties Inc.'s acquisition of Physicians Realty Trust. Healthpeak Properties will change its symbol from PEAK to DOC post-merger.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:21 pm

RIOT

Riot Blockchain, Inc. (RIOT) has entered into a sales agreement as of August 9, 2023, with sales agents to potentially offer and sell shares of its common stock up to an aggregate initial offering price of $750,000,000 over time through the sales agent.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:01 pm

PUBM

PubMatic's Board of Directors has authorized an expansion of its share repurchase program, increasing the total authorization to repurchase up to an additional $100 million of its Class A common stock through the end of 2025. This expansion is on top of the previous authorization of $75 million. The repurchases will be funded with existing cash and cash equivalents and marketable securities, and the program's execution will depend on various factors including market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:01 pm

CDE

Coeur Mining, Inc. (CDE) announced a private placement of 7,704,725 flow-through shares for $25 million to fund exploration at the Silvertip Property. The proceeds will be used for Canadian Exploration Expenditures in British Columbia and Yukon. The offering, subject to a four-month hold period, aims to evaluate the silver, lead, and zinc resources. It is scheduled to close around March 8, 2024, and will not be offered in the U.S.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:55 pm

AEP

American Electric Power (AEP) announced a CEO transition with Benjamin G.S. Fowke III appointed as interim CEO & President, succeeding Julie A. Sloat. Sara Martinez Tucker is named Chair of the Board. AEP reaffirmed its 2024 operating earnings guidance range of $5.53-$5.73. The leadership change is part of a strategic move to position AEP for future success, with no disagreements or ethical concerns cited for Sloat's departure. AEP is also conducting an external search for a permanent CEO.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:47 pm

PLTR

SRFM

Palantir Technologies Inc. has reported a 7.1% stake in Surf Air Mobility Inc., according to a 13G filing with the SEC as of February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:45 pm

HES

Hess Corp has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:45 pm

OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) has completed its final repayment of the Hudson Bay Note ahead of schedule, reducing debt and enabling growth for its subsidiary Forever 8. The company also conducted a private placement at $0.82 per share and issued promissory notes to investors. Changes in company officers and the issuance of common stock to settle obligations were announced. These financial maneuvers aim to reduce costs and focus resources on Forever 8's growth.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:44 pm