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MSFT

SMCI

SOFI

TSLA

On Monday, U.S. stocks closed higher with Microsoft, Super Micro Computer, SoFi Technologies, Amazon, and Tesla gaining investor attention. Microsoft rose 1.43% ahead of its Q2 financial results. Super Micro's shares surged 4.54% after reporting strong quarterly sales and earnings. SoFi Technologies jumped 20.21% on increased adjusted revenue and new member additions. Amazon closed up 1.78% following the termination of its merger with iRobot. Tesla's shares increased by 4.19% amid news of Chair Robyn Denholm's stock sale plan.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 1:58 am

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) experienced a significant drop of over 38% in after-hours trading following the announcement of a proposed public offering of its Class A common stock and/or pre-funded warrants. The offering includes a 45-day option for the underwriter to purchase an additional 15% of the shares. The proceeds are intended for working capital and general corporate purposes. At the time of publication, SIDU shares were down 33.45% at $5.79 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:47 pm

B

Irenic Capital Management has disclosed a 5.1% ownership stake in Barnes Group, as reported in a 13D filing with the SEC.

Portfolio Pulse from Charles Gross

January 29, 2024 | 10:20 pm

LBPH

PFE

Pfizer Inc. has fully dissolved its stake in Longboard Pharmaceuticals, according to an SEC filing. As of January 8, 2024, Pfizer held an 11.26% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:10 pm

FEAM

5E Advanced Materials Inc has filed with the SEC for an offering of up to 85.3 million shares by selling stockholders. This move could potentially dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:07 pm

GILD

RCUS

Gilead Sciences, Inc. has increased its investment in Arcus Biosciences by purchasing additional common stock worth $320 million at $21.00 per share, raising its ownership stake to 33%. This investment emphasizes the companies' commitment to the TIGIT pathway and aims to expedite the development of the Anti-TIGIT program. Gilead also secured an additional seat on the Arcus board as part of the amended collaboration.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:04 pm

CMAX

CareMax, Inc.'s Board has approved a 1-for-30 reverse stock split for its Class A common stock. The stock, trading under the symbol 'CMAX' on the Nasdaq, is expected to begin trading on a split-adjusted basis from market open on February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:03 pm

ODP

ODP Corporation announces that CEO Gerry Smith will resume his duties on February 1, 2024, after a temporary medical leave. Joseph S. Vassalluzzo, who temporarily took over Smith's responsibilities, will revert to his role as independent non-executive Chairman. Additionally, Board member David Szymanski plans to retire, effective February 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:02 pm

CISS

C3is shares have risen following a 13G filing indicating that S.H.N. Financial has acquired a 9.1% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:56 pm

BIGC

BigCommerce has announced the appointment of Brent Bellm as Interim President, effective February 16, 2024. He will be succeeding Steven Chung, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:53 pm