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Equity Actions

DTIL

Precision BioSciences announced a 1-for-30 reverse stock split, aiming to increase its stock price to meet exchange listing requirements. This strategic move is often employed by companies to boost their share price by reducing the number of shares outstanding, making each share more valuable.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 12:03 pm

SPB

Spectrum Brands Holdings (NYSE:SPB) has been analyzed by 4 analysts, showing a shift towards a more cautious stance with recent ratings indicating an indifferent outlook. The average 12-month price target has been adjusted to $82.75, down from $91.00, reflecting a 9.07% decline. Analyst actions include both upgrades and downgrades, with price targets ranging from $73.00 to $89.00. Financial indicators reveal challenges in revenue growth, profitability, and asset utilization, with the company underperforming industry averages in several key metrics.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 12:00 pm

PCTY

Analysts have mixed views on Paylocity Holding (NASDAQ:PCTY), with ratings ranging from bullish to bearish. The average 12-month price target is $201.0, a decrease of 2.19% from previous estimates. Recent actions by analysts include maintaining, raising, and lowering ratings and price targets. Paylocity, a provider of payroll and HCM solutions, has shown strong market presence, revenue growth, and financial health but faces challenges in ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 12:00 pm

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares dropped 27.87% in premarket trading on Friday after a significant surge of 1800% over the past two days, attributed to increased mentions on social media platforms and joining the Communications Industry Association. The company, which experienced a turbulent debut losing 80% of its market value, recently underwent a 1-for-10 reverse stock split to maintain Nasdaq compliance.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 11:48 am

YS

YS Biopharma has announced a private placement financing deal worth $40 million, with shares priced at $0.41986 each. This move could indicate the company's strategy for growth or need for capital for research, development, or expansion.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:36 am

PEP

PepsiCo announced a 7% increase in its annualized dividend to $5.42 per share from $5.06, marking the 52nd consecutive annual dividend increase. The new dividend rate is effective with the June 2024 payment.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:07 am

MTAL

Metals Acquisition Corp (MTAL) announced that its initial offering related to its ASX listing was oversubscribed and has been upsized to approximately A$325 million. This indicates strong investor interest and confidence in the company's prospects.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 11:06 am

DHAI

DIH Holding US announced a private placement of common stock, raising $1.5 million from OrbiMed. The deal includes the sale of 150,000 shares at $10 each, plus warrants for an additional 300,000 shares at the same price.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:17 am

CCTG

CCSC Technology International Holdings Limited (CCTG) announced the full exercise of the over-allotment option by underwriters in its IPO, resulting in the sale of an additional 206,250 shares at $4.00 each, bringing total gross proceeds to $6.325 million.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:13 am

META

Mark Zuckerberg has been selling Meta Platforms, Inc. (NASDAQ:META) shares at a rapid pace following its significant stock rally due to excellent Q4 financial results and positive Q1 guidance. Since November 2023, Zuckerberg has sold nearly $744 million worth of shares. Meta's stock has surged 32.78% YTD and 164.16% over the past year, benefiting from a focus on efficiency, AI, and a rebound in ad spending. The company also announced its first quarterly dividend and expanded its share repurchase program.

Portfolio Pulse from Ananya Gairola

February 09, 2024 | 6:56 am