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Equity Actions

SHCO

Soho House has announced the approval of a new $50M share repurchase authorization, indicating the company's confidence in its own stock and a potential return of value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:23 pm

EFSH

1847 Holdings LLC (EFSH) announced a public offering aiming to raise $5M through the sale of 5M shares and/or pre-funded warrants at $1 each. The offering, managed by Spartan Capital Securities, LLC, allows for the purchase of shares or warrants to avoid exceeding ownership thresholds. The closing is expected around February 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:22 pm

BTAI

BioXcel Therapeutics' stock price is trading lower following the announcement of a proposed public offering. This move often indicates the company is seeking to raise capital, which can dilute existing shareholders' equity but also potentially fuel future growth.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:45 pm

ABBV

BX

FCX

MELI

OXLC

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' highlighting potential in Freeport-McMoRan with a new CEO, praising AbbVie's Parkinson's treatment in Canada, commending MercadoLibre's intelligence and financial results, and suggesting Blackstone over Oxford Lane Capital for credit expertise. He noted Freeport-McMoRan's limited upside, AbbVie's strength, MercadoLibre's smart management, and uncertainties around Oxford Lane Capital.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 1:33 pm

CVM

CEL-SCI Corporation has announced the pricing of a public offering, aiming to raise $7.75 million through the sale of 3.875 million shares of its common stock, each priced at $2.00.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:32 pm

BA

Boeing's (NYSE:BA) short interest has decreased by 9.52%, now standing at 9.20 million shares or 1.52% of its float. This decline in short interest, which indicates fewer shares are being bet against the company, could reflect a more bullish sentiment among investors. Boeing's short interest is below its peer group average of 2.92%, suggesting it is performing relatively well in this aspect.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:30 pm

RVIV

REVIV3, soon to be AXIL Brands, Inc., has been approved for listing on the NYSE American, with a corporate name change effective February 14, 2024, and a ticker symbol change from 'RVIV' to 'AXIL'.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:12 pm

UAVS

AgEagle Aerial Systems Inc. (UAVS) announced a 1-for-20 reverse stock split effective February 9, 2024, to maintain its NYSE American listing. The split affects all shareholders uniformly, without changing ownership percentages, except for rounding fractional shares to whole. No action is required from shareholders holding shares in brokerage accounts.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:12 pm

LTRY

Lottery.com Inc. (NASDAQ: LTRY, LTRYW) announced an increase in its fundraising efforts from $1M to $5M due to strong investor interest, facilitated by Univest Securities, LLC. The funds are aimed at general working capital, exploring new acquisitions, and investing in operations to normalize services. This reflects confidence in Lottery.com's strategy and operational capabilities, marking a significant step in the company's growth and expansion plans.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:11 pm

EFX

Equifax (NYSE:EFX) has been the subject of 13 financial analyst ratings over the last three months, showing a trend towards bullish sentiment. The average 12-month price target is now $267.00, up 36.45% from the previous average of $195.67, indicating a positive outlook on the stock. Analyst actions include maintaining, raising, and announcing ratings, with price targets ranging from $195.00 to $315.00. Equifax's financial performance shows strong revenue growth and net margin, but challenges in ROE and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:00 pm