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NVDA

Nvidia Corporation's market cap surged to $1.91 trillion after a 14% rally post-earnings, significantly impacting the S&P 500's value. The company's performance, outpacing market expectations for the 12th time in 13 quarters, underscores its growing influence in the tech sector. Other tech giants like Microsoft and Apple also saw stock movements, with Microsoft's market cap reaching $3 trillion and Apple's at $2.8 trillion, further highlighting the tech sector's dominance in the market.

Portfolio Pulse from Neil Dennis

February 22, 2024 | 2:28 pm

DIS

F

LUNR

SMCI

U

ZS

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' highlighting Zscaler as a good buy and expressing concerns about Unity Software. Super Micro Computer announced a $1.5 billion convertible notes offering. Disney reported strong earnings and a new share repurchase program. Intuitive Machines launched a lunar lander. Unity Software plans a significant workforce reduction. Ford reduced prices for its Mustang Mach-E in Canada.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 2:13 pm

RUN

Sunrun's stock price declined following the announcement of disappointing Q4 financial results and a proposed private offering of $475 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:13 pm

AGRX

Agile Therapeutics has announced the exercise of warrants which has resulted in $4.8 million in gross proceeds. This financial move could potentially impact the company's liquidity and future investment capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:08 pm

CMLS

Cumulus Media Inc. (NASDAQ:CMLS) has implemented a limited-duration shareholder rights plan, effective immediately until February 20, 2025, in response to Renew Group Private Ltd.'s significant stock accumulation. The plan aims to protect shareholder interests and ensure fair treatment in potential takeovers, following Renew Group's intent to acquire 20% of Cumulus Media. The board, with advisors, decided this was necessary to prevent control without a fair premium to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:55 pm

DTSS

Datasea Inc. (NYSE:DTSS) has seen a significant decrease in short interest, with a 74.29% drop since the last report, representing 3.88% of its float. The current short interest stands at 55 thousand shares. This decrease in short interest could indicate a more bullish sentiment towards DTSS among traders. Despite this, it's not a direct predictor of a price increase. Datasea has a higher short interest compared to its peer group average of 2.51%, suggesting more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:30 pm

GDHG

Golden Heaven Group Holdings Ltd. (GDHG), a China-based amusement park operator, announced a $6M share repurchase program to buy back Class A ordinary shares over 24 months, facilitated by Dawson James Securities, Inc. The program aims to boost shareholder confidence by capitalizing on the current share price, which the Board believes is significantly lower than its intrinsic value. The repurchase decisions will be based on various factors including business performance, cash position, and market conditions, with the flexibility to adjust the program's terms.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:15 pm

GRAB

Grab Holdings Limited (NASDAQ:GRAB) reported a 30% year-on-year revenue growth for Q4 fiscal 2023, surpassing consensus estimates. EPS also beat expectations. Despite these positive results, the stock price declined post-announcement. The company announced its first share buyback program of up to $500 million but provided a FY24 revenue outlook that fell short of consensus estimates, leading to cautious investor reaction.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 1:07 pm

MOTS

Motus GI Holdings, Inc. (MOTS) has entered into a definitive agreement with an institutional investor for the immediate exercise of a Series B common stock purchase warrant, resulting in the sale of 2,933,334 shares for approximately $2.7 million. The exercise price was revised to $0.925 per share. Additionally, Motus agreed to issue two new unregistered warrants for a total of 4,400,001 shares at $0.74 per share. The proceeds will be used for working capital and general corporate purposes, with the transaction expected to close by February 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:07 pm

TALK

Talkspace, a leading provider of online therapy services, has announced an initial share repurchase program valued at $15 million. This move is aimed at buying back shares from the open market, signaling the company's confidence in its future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:06 pm