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SBLK

Star Bulk Carriers Inc. (NASDAQ:SBLK) saw a 1.64% decrease in its share price to $21.27 in the current market session. Despite a slight increase over the past month, the stock has fallen 9.09% over the past year. The company's P/E ratio is lower than the Marine Transportation industry average, suggesting it might be undervalued or have weaker growth prospects.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 4:16 pm

ADT

ADT Inc. has announced its decision to exit the residential solar business, alongside plans to increase its dividend and initiate a $350 million share repurchase program. These strategic moves have led to an increase in ADT's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:02 pm

EFSH

1847 Holdings (EFSH) is offering up to 2,673,797 common shares at $1.87 each, the closing price on January 19, 2024. They also offer pre-funded warrants as an alternative to shares for purchasers who would exceed ownership limits. The warrants are exercisable for one common share at a nominal price and are immediately exercisable. EFSH does not plan to list the warrants and expects no market development for them. The offering is expected to close within two business days without a minimum share or proceeds requirement. Spartan Capital Securities, LLC is engaged as the placement agent on a best-efforts basis without a minimum sale requirement.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:02 pm

KLG

WK Kellogg (NYSE:KLG) has received consistent 'Indifferent' ratings from 4 analysts over the past quarter, with no change in sentiment over the last 30 days. The 12-month price targets set by analysts show an average of $12.5, with a high of $13.00 and a low of $11.00, indicating a 13.64% increase from the previous average target of $11.00. Analysts from Stifel, Morgan Stanley, Evercore ISI Group, and JP Morgan have provided ratings and price targets, reflecting their views on the company's market dynamics and performance. WK Kellogg, a North American cereal manufacturer, has been facing a negative revenue trend with a -1.84% decline as of September 30, 2023, but shows strong profitability with a net margin of 6.07% and an ROE of 14.46%. However, the company has a high debt-to-equity ratio of 3.39, indicating potential financial strain.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 4:01 pm

VIRT

Virtu Financial Inc. (NASDAQ:VIRT) experienced a significant drop in its stock price, trading at $17.19 after a 10.47% decrease. Over the past month and year, the stock has declined by 15.74% and 13.54%, respectively. The company's P/E ratio of 11.7 is lower than the Capital Markets industry average of 28.66, which could suggest that the stock is undervalued or that shareholders have low expectations for future performance.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 4:00 pm

LUMN

Lumen Technologies' stock is trading higher following the announcement of an amended and restated transaction support agreement with a group of creditors.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:56 pm

AKTS

Akoustis Technologies' stock price is trading lower following the announcement of a public offering of $10 million of its common stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:55 pm

AKTS

INBS

LVTX

ONCO

PCSA

RDHL

U.S. stocks opened higher with the Dow Jones gaining over 100 points. Real estate shares led the gains, while consumer discretionary shares lagged. The U.S. GDP growth for Q4 outpaced estimates at 3.3% compared to the expected 2%. Onconetix, Inc. (ONCO), Processa Pharmaceuticals, Inc. (PCSA), and LAVA Therapeutics N.V. (LVTX) saw significant stock price increases due to specific company news. Conversely, RedHill Biopharma Ltd. (RDHL), Akoustis Technologies, Inc. (AKTS), and Intelligent Bio Solutions Inc. (INBS) experienced notable declines following company-specific announcements.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 3:42 pm

NCDL

Nuveen Churchill Direct Lending Corp. (NCDL) shares began trading at $17.85 per share, below the IPO price of $18.05 per share on an offering of 5.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:32 pm

AMD

AVGO

NVDA

QCOM

SOXX

Broadcom Inc (NASDAQ:AVGO) stock reached a new all-time high of $1,284.55, driven by the semiconductor and AI boom. The stock has surged over 114% in the past year, outperforming the iShares Semiconductor ETF (NASDAQ:SOXX) and the S&P 500. Broadcom's strong financial performance and strategic positioning in the digital transformation market contribute to its success. Compared to peers like AMD (NASDAQ:AMD), NVIDIA (NASDAQ:NVDA), and Qualcomm (NASDAQ:QCOM), Broadcom offers better value with a forward P/E of 22.47. Analysts from Goldman Sachs and Cantor Fitzgerald have set price targets of $1,325 and $1,300, respectively, suggesting modest upside potential.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 3:17 pm