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Equity Actions

MODD

Modular Medical has announced a public offering of 9,090,910 shares at $1.10 each, led by Manchester Explorer, L.P. and including other institutional investors. The company also granted an option for the purchase of up to 1,321,989 additional shares.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:57 am

GEHC

GE HealthCare Technologies has priced a secondary offering of 13 million common shares at $82.25 per share. GE HealthCare itself is not selling any shares and will not receive any proceeds from this offering or the associated debt-for-equity exchange.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:25 am

NVDA

Sarah Kunst, managing director at Cleo Capital, expressed concerns about the sustainability of NVIDIA Corp's (NASDAQ:NVDA) stock price, citing its high price-to-earnings ratio of 97 as indicative of a potential bubble. Despite the AI boom driving Nvidia's stock up, Kunst believes the valuation is unsustainable. Nvidia's market cap has surpassed that of Alphabet and Amazon, but experts like Josh Brown and investor Cathie Wood show caution, with Wood reducing Ark Invest's stake in Nvidia.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 4:50 am

DE

F

TSLA

Ford CEO Jim Farley encourages investors to focus on Ford's 'Pro' unit over Tesla's Full Self-Driving, highlighting its potential with expected pretax earnings of $8-$9 billion this year. Farley compares Ford Pro to Deere & Co's success and emphasizes its undervaluation. Morgan Stanley's Adam Jonas also sees Ford Pro as a 'cash cow'. Despite challenges, Ford's EV sales in 2023 show significant growth, with Farley optimistic about future profitability.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 1:42 am

BITB

BITW

Ric Edelman predicts $150 billion inflows into spot Bitcoin ETFs by 2025, driven by independent advisors' desire to add Bitcoin to their portfolios. This demand, coupled with Bitcoin's fixed supply, could push its price to $150,000. Matt Hougan of Bitwise Asset Management highlights the attractiveness of the ETF landscape for crypto, noting the potential of the financial advisor market. Bitwise's Bitcoin ETF (BITB) and 10 Crypto Index Units (BITW) are mentioned as benefiting from this trend.

Portfolio Pulse from Khyathi Dalal

February 15, 2024 | 11:36 pm

YELP

Yelp Inc. (NYSE:YELP) reported mixed Q4 results with earnings of 37 cents per share, missing estimates by 2.63%, but surpassed sales expectations with $342.38 million, a 10.76% increase year over year. The company announced a $500 million increase in its share repurchase program and provided a positive outlook for 2024, expecting net revenue between $1.42 billion and $1.44 billion and adjusted EBITDA between $315 million and $335 million. Despite this, Yelp shares dropped 8.76% after-hours.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 10:38 pm

LCID

Lucid Group announced a $6M cash bonus for CEO Peter Rawlinson, recognizing his contributions to the Lucid Gravity SUV's launch. The bonus was approved by the Board on February 9, 2024, following the vehicle's debut at the Los Angeles Auto Show in November 2023.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:26 pm

HASI

HASI has increased its quarterly dividend from $0.3950 to $0.4150 per share and announced a 2% discount on its 2023 Dividend Reinvestment and Stock Purchase Plan for Q1 of 2024. The dividend will be paid on April 19, 2024, to stockholders of record as of April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:06 pm

GE

GEHC

GE HealthCare Technologies (GEHC) announced a secondary underwritten public offering of 13 million shares. General Electric (GE) plans to exchange these shares for debt held by Morgan Stanley entities before the offering closes. Morgan Stanley & Co. LLC will then sell the exchanged shares to the offering's underwriters.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:57 pm

TOST

Toast, Inc. (NYSE:TOST) shares surged in after-hours trading following its Q4 earnings report, which exceeded analyst expectations. The company reported a smaller-than-expected quarterly loss of 7 cents per share and sales of $1.04 billion, surpassing estimates. Additionally, Toast announced a $250 million share repurchase program and provided optimistic guidance for Q1 and full-year 2024, forecasting significant growth in gross profit and adjusted EBITDA.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 9:54 pm