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TOP

TOP Financial Group's stock is trading lower following the announcement of a $5 million registered direct offering, which includes 2,000,000 shares and accompanying warrants priced at $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:29 pm

ELF

Significant bearish options activity has been detected for e.l.f. Beauty (NYSE:ELF), with a notable volume of trades aiming for a price range of $140.0 to $240.0 in the next three months. This unusual activity, comprising both puts and calls, suggests that major investors anticipate movement in ELF's stock price. Currently, ELF's stock is slightly up, with analysts providing mixed ratings and target prices ranging from $141 to $184. The company, known for its cosmetic products, generates most of its revenue from the US.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:16 pm

SNAP

Snap Inc. shares are experiencing an uptick following the company's announcement of entering into several privately negotiated repurchase transactions. This move indicates Snap's confidence in its own future prospects and financial health, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:15 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) announced a $6M financing through convertible subordinated notes and a favorable court verdict against XAC Automation Corp. The financing was led by existing investors, including Remus Capital. The company also reported significant growth in its Presto AI Voice product, doubling its live stores to 145. CEO Xavier Casanova resigned, with a replacement to be announced. Presto won an $11.1M award from XAC, with plans to enforce or monetize the award. An amendment with Hi Auto allows competition for the Checkers relationship. The notes are convertible into 36M shares at $0.25/share. The company needs to raise an additional $6M by March 8, 2024, to sustain operations. Matthew MacDonald joined the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:06 pm

HIG

Hartford Financial Services Group's (NYSE:HIG) short interest has decreased by 5.06% since the last report, with 4.35 million shares sold short, representing 1.69% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook for HIG, as fewer shares are being shorted. The current short interest is below the peer group average, suggesting a relatively positive sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:00 pm

MDB

Financial analysts have observed a significant increase in options activity for MongoDB (NASDAQ:MDB), with a bullish sentiment prevailing among 58% of traders. The analysis highlighted unusual trades, with a focus on a price band between $490.0 and $510.0 for MongoDB. The company, known for its document-oriented database, has seen a recent price increase to $503.0, though it may be overbought according to RSI readings. Analysts have provided mixed reviews, with an average target price of $446.67, indicating potential adjustments in MongoDB's stock price.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:47 pm

TOP

TOP Financial has announced a registered direct offering of 2 million shares and accompanying warrants, priced at $2.50 per share. This move aims to raise $5 million in capital.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:31 pm

BTC-USD

DOGE-USD

ETH-USD

GT

WM

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

WISA

WiSA Technologies has announced the pricing of a 153,840,000 unit offering, aiming to raise approximately $10 million in gross proceeds. This strategic move is designed to enhance the company's financial flexibility and support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:21 pm

VUZI

Vuzix Corp (NASDAQ:VUZI) shares dropped after announcing a mixed shelf offering of up to $300 million. The offering may include common stock, preferred stock, warrants, or a combination, sold directly or through agents, underwriters, or dealers. Despite Wall Street's overall 'Buy' rating, the stock has fallen 36.48% in the past three months, with revenue also down 36.39% over the past year.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:18 pm