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Equity Actions

CTVA

Corteva's stock price increased following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company provided guidance for 2024 and revealed a $1 billion stock repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:18 pm

CRBP

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) announced a public offering of 4.325 million shares at $19.00 each to raise approximately $82.2 million. The funds are intended for clinical development and general corporate purposes. This follows recent positive clinical study results of CRB-701, which led to a significant stock price increase. However, CRBP shares are currently down 1.02% at $26.22 in premarket trading.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 2:18 pm

ISPR

Ispire Technology Inc has filed for an offering of up to 2.3 million shares of common stock at an assumed public offering price of $11 per share, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:17 pm

ETSY

PINS

Etsy Inc (NASDAQ:ETSY) shares surged after announcing Marc Steinberg of Elliott Investment Management's appointment to its board. Steinberg, known for his investments in technology and media, joins Etsy's board and audit committee, signaling potential for significant value creation. Etsy's unique e-commerce model and community engagement are highlighted as strengths. The article also compares Etsy's financial metrics with competitors, noting its earnings growth and valuation.

Portfolio Pulse from Adam Eckert

February 01, 2024 | 2:07 pm

BFRG

Bullfrog AI has announced the pricing of its public offering, aiming to raise $5.7 million through the sale of 1,507,139 shares at a price of $3.782 per share.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:01 pm

ASH

Ashland (NYSE:ASH) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is $93.5, a 2.6% decline from the previous average. Recent actions include ratings and target adjustments by analysts from Wells Fargo, BMO Capital, Stifel, and UBS, reflecting changes in market conditions and company performance. Ashland, a specialty materials company, faces challenges with a -8.51% revenue decline and below-average ROE and ROA, despite a strong net margin and sound debt management.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:00 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) stock has seen a significant increase of 26% over the past five days, despite a 74% decline over the past year. This surge is attributed to a potential short squeeze, highlighted by a recent upgrade from Roth MKM analyst Craig Irwin from Neutral to Buy with a price target increase to $9. The company's short interest stands at 26.4%, with notable short volume trades recorded. Despite this, the company's fundamentals remain weak, with liquidity shrinking to $140 million by Q4. The company has secured a $1 billion ATM facility, which may be utilized soon, posing a risk of dilution.

Portfolio Pulse from Surbhi Jain

February 01, 2024 | 1:41 pm

VLCN

Volcon announced a 1-for-45 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:38 pm

RKLB

Rocket Lab's stock is trading lower following the announcement of a proposed $275 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:36 pm

LQR

LQR House has announced a declaration of a 50% stock dividend, indicating a significant return to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:33 pm