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CVS

DRUG

LILM

MGPI

SLB

USM

U.S. stocks mostly rose with the Nasdaq gaining over 100 points. Schlumberger reported mixed Q3 results, missing revenue expectations but beating EPS estimates. United States Cellular sold spectrum licenses to Verizon, boosting its stock. Bright Minds Biosciences surged after a private placement announcement. MGP Ingredients and CVS Health saw declines due to soft guidance and outlook cuts, respectively.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 6:15 pm

JTAI

Jet.AI has announced a $1.5 million registered direct offering, pricing 15.6 million shares at $0.096 per share. The closing is expected around October 21, 2024, with Maxim Group LLC as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:04 pm

JTAI

Jet.AI Inc. (NASDAQ:JTAI) announced a registered direct offering of 15.6 million shares at $0.096 per share, raising approximately $1.5 million. The offering is expected to close around October 21, 2024, with Maxim Group LLC as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:00 pm

BIAF

bioAffinity Technologies shares fell following the announcement of a $2.66 million direct offering of 2.05 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:51 pm

BIAF

bioAffinity Technologies has announced a $2.66 million registered direct offering and a concurrent private placement. The offering includes 2.05 million shares priced at $1.30 each and warrants for 2.66 million shares at $1.50 per share, exercisable after stockholder approval for up to five years. The closing is expected around October 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:53 pm

BFRG

Bullfrog AI shares declined following the announcement of a $3.13 million registered direct offering, involving 1.565 million shares priced at $2.00 each.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:30 pm

AXP

CVS

DRUG

MGPI

USM

U.S. stocks mostly rose with the Nasdaq gaining 100 points. American Express shares fell 5% after Q3 results, missing revenue estimates but beating EPS. United States Cellular surged 12% on a spectrum sale to Verizon. Bright Minds Biosciences soared 196% after a private placement. MGP Ingredients dropped 26% on weak guidance. CVS Health fell 8% after cutting its Q3 outlook.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:29 pm

UAL

United Airlines (UAL) shares reached a new 52-week high following a strong Q3 earnings report. The company exceeded revenue and earnings expectations, showing fiscal strength with strong cash flow and liquidity. Despite a slight decrease in TRASM, UAL's strategic initiatives and a new share repurchase program signal confidence in its financial trajectory. However, a slight pullback in Q4 earnings expectations is noted.

Portfolio Pulse from Henry Khederian

October 18, 2024 | 3:25 pm

DRUG

Bright Minds Biosciences Inc. (NASDAQ:DRUG) shares surged over 100% on Friday following the announcement of a $35 million non-brokered private placement. The funds will be used for working capital and R&D. The stock is trading at a significantly higher volume than usual.

Portfolio Pulse from Dylan Berman

October 18, 2024 | 3:11 pm

BFRG

Bullfrog AI Holdings, Inc. announced a $3.13 million registered direct offering and concurrent private placement, involving 1.565 million shares at $2 per share. The offering includes warrants exercisable in six months, expiring in five years. WallachBeth Capital, LLC is the sole placement agent.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:33 pm