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BHIL

Benson Hill has retired its senior debt facility and sold its Creston, Iowa, soy processing business to White River Soy Processing for $72 million. This move could impact Benson Hill's financial stability and focus.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:23 pm

GTEC

Greenland Technologies has announced that its board has approved the spin-off of its drivetrain systems business, leading to the creation of a new, pure-play industrial electric vehicle (EV) company. This strategic move is aimed at enhancing shareholder value by allowing the new entity to focus solely on the burgeoning industrial EV market.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:19 pm

COGT

Cogent Biosciences announced a private investment of approximately $225M, which is expected to fund the company into 2027. This significant financial infusion is aimed at bolstering the company's cash, cash equivalents, and marketable securities.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:18 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) has seen a nearly 50% increase in stock price in the first six weeks of 2024, driven by the AI buzz. The company, known for its GPUs, is now competing closely with Amazon and Google in market cap. Nvidia's GPUs, crucial in gaming, cryptocurrency mining, and now AI, have been instrumental in the company's growth. The GeForce 256, launched in 1999, was Nvidia's significant contribution, marking the introduction of the world's first GPU. Nvidia's stock has surged 151,261% since its first GPU launch, significantly outperforming the Nasdaq and S&P 500 indices. CEO Jensen Huang's wealth has also increased by nearly 50% in 2024, reaching $63.8 billion.

Portfolio Pulse from Rounak Jain

February 14, 2024 | 12:17 pm

SISI

Shineco, Inc. announced a 1-for-10 reverse stock split aimed at regaining compliance with Nasdaq's minimum bid price requirement. This strategic move is designed to increase the per-share trading price of Shineco's stock, thereby meeting Nasdaq's listing standards.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:14 pm

KHC

Kraft Heinz projects FY24 organic net sales growth of 0-2%, adjusted operating income growth of 2-4%, and adjusted EPS of $3.01-$3.07, aligning closely with a $3.03 estimate. The company anticipates positive price contributions, volume increases in H2, modest gross profit margin expansion, and an effective tax rate of 20-22%. However, it expects a $45 million unfavorable impact from foreign currency and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:03 pm

GPN

The board of Global Payments has approved an increase in the share repurchase authorization, raising the capacity to $2 billion. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a bullish outlook on its stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:02 pm

UBER

Uber Technologies Inc. has announced its first-ever share repurchase program, authorizing up to $7 billion in buybacks. This move is aimed at returning value to shareholders and potentially boosting the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:55 am

ENGN

enGene has entered into an agreement for a private placement of 20 million shares at a price of $10 per share, resulting in gross proceeds of approximately $200 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:53 am

WAB

Wabtec's Board of Directors has authorized a $1.0 billion share buyback program, indicating the company's confidence in its financial health and a potential positive impact on its stock price due to the reduction in outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:35 am