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ACHR

PACB

PINS

TWLO

TXG

ZM

Cathie Wood's Ark Invest purchased over $23M worth of Pinterest Inc (PINS) shares, despite its Q4 earnings showing mixed results but promising user growth. The investment was spread across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Additionally, Ark made significant buys in Archer Aviation Inc (ACHR) and showed interest in biotech firms 10X Genomics Inc (TXG) and Pacific Biosciences of Calif (PACB), while selling shares of Twilio Inc (TWLO) and Zoom Video Communications (ZM).

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 2:35 am

DIS

Disney has officially stated that its board does not endorse the nominees from The Trian Group or The Blackwells, and is urging shareholders to vote using the white proxy card. This indicates a clear stance against the proposed nominees from these groups, suggesting a potential conflict or disagreement with their vision or proposals for the company.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:56 pm

DIS

Disney announced a 50% increase in its January 2024 dividend, payable in July 2024. Additionally, the company plans a $3B common share repurchase in FY24, marking its first repurchase since FY18.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:49 pm

LGVC

LGVCU

LGVCW

LAMF Global Ventures Corp. I has extended the deadline to complete its initial business combination from February 16, 2024, to April 16, 2024. This adjustment marks the fourth and fifth extension, with a total of up to six one-month extensions allowed under the company's governing documents.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:52 pm

MEDP

Medpace Holdings forecasts its FY24 EPS to be between $10.18 and $10.87, surpassing the estimated $9.96. Revenue is expected to be between $2.15B and $2.2B, slightly below the $2.18B estimate. The company anticipates 14.0% to 16.7% revenue growth over 2023, with GAAP net income between $326.0M and $348.0M, and EBITDA between $400.0M and $430.0M. These projections are based on a 16.0% to 17.0% tax rate, $18.4M in interest income, and 32.0M diluted shares, excluding potential share repurchases post-2023.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:51 pm

OGEN

Oragenics has announced a mutual separation agreement with CEO Kimberly Murphy, who will remain on the board of directors. Charlie Pope will serve as Executive Chairman, and Michael Redmond has been appointed as Interim Principal Executive Officer, effective February 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:44 pm

AEP

American Electric Power (AEP) has entered into an agreement with Icahn Capital L.P., leading to the addition of Hunter C. Gary and Henry P. Linginfelter to its board. The agreement includes customary standstill, voting commitments, and other provisions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:34 pm

TRIP

Tripadvisor has established a special committee of independent board members to assess proposals, indicating potential strategic changes or transactions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:33 pm

BX

GTES

Gates Industrial announced that certain selling stockholders affiliated with Blackstone have initiated a secondary offering of 17.50 million of its ordinary shares. This move could potentially impact the stock's market performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:19 pm

PFG

Principal Financial Group has announced a new stock repurchase authorization of $1.5 billion, signaling confidence in its financial stability and future prospects. This move is likely to be viewed positively by investors as it often indicates a company's belief in its undervalued stock and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:19 pm