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CMCSA

Comcast Corporation's stock (CMCSA) is trading higher following the announcement of its Q4 earnings that surpassed expectations. The company also declared a $15 billion stock buyback program and increased its dividend, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:07 pm

AKTS

Akoustis Technologies Inc (NASDAQ:AKTS) stock plummeted 30.6% to $0.49 after announcing a public offering of 20 million shares at $0.50 each, aiming to raise $10 million. The offering, managed by Roth Capital Partners, will fund operations, growth, and R&D. The underwriters have an option for an additional 3 million shares, with the offering's closing expected around January 29.

Portfolio Pulse from Henry Khederian

January 25, 2024 | 3:05 pm

VUG

Rep. Blake Moore from Utah reported purchasing Vanguard Growth ETF (VUG) stock valued between $102,003 and $280,000 on January 24, 2024. The shares of VUG were trading up 0.31% at $323.67 at the time of the report. Congressional transactions are considered significant as they can indicate expectations about stock performance, but they are not the sole factor for investment decisions. The STOCK Act prevents Congress members from using non-public information for personal gain.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

APH

Amphenol (NYSE:APH) has received mixed analyst ratings over the past three months, with the latest evaluations showing 3 bullish and 1 indifferent stance. The 12-month price target average for APH has risen to $110.00, up 13.02% from the previous $97.33. Analysts from Stifel, Goldman Sachs, Citigroup, and Truist Securities have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Amphenol, a global supplier of connectors and interconnect systems, faces revenue challenges with a -2.91% decline over 3 months but maintains strong financial indicators such as a high net margin of 16.06% and ROE of 6.69%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:01 pm

FTRE

Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $38.6, up 16.09% from the previous $33.25. Analysts from Barclays, Jefferies, Citigroup, and Evercore ISI Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Fortrea Holdings, a late-stage CRO spun off from LabCorp, has shown revenue growth but faces challenges in market capitalization, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:00 pm

ETSY

Etsy (NYSE:ETSY) has experienced a 9.61% increase in short interest since its last report, with 14.60 million shares sold short, representing 13.91% of its float. It would take about 3.49 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Etsy's short interest is higher than its peer group average of 10.11%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

JFBR

JFBRW

Jeffs' Brands Ltd (NASDAQ:JFBR, JFBRW) has announced a private placement to raise $7.275 million by issuing 2,704,461 units and pre-funded units. The proceeds will be used for working capital, general corporate purposes, and potential acquisitions. Each unit includes one ordinary share or pre-funded warrant, and two types of common warrants with different exercise prices and terms. The closing is expected on January 29, 2024, with Aegis Capital Corp. as the placement agent and various legal firms providing counsel.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:40 pm

MINM

On January 22, 2024, Minim, Inc. entered into agreements with Motorola Mobility to transfer inventory and settle debts. Additionally, Minim entered into a Securities Purchase Agreement with board member David Lazar to sell 2.8M shares of preferred stock at $1.00 each. The agreements with Motorola aim to streamline operations and reduce liabilities. The sale of preferred stock to Lazar includes conversion rights to common stock, voting rights, and full ratchet protection. Conditions for the sale include shareholder approval for a reverse stock split, an increase in authorized preferred stock, and changes to the company's Certificate of Incorporation and By-Laws.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:34 pm

AKTS

Akoustis Technologies has priced a public offering of 20 million shares at $0.50 per share. This offering represents a significant increase in the company's outstanding shares and could potentially dilute the value of existing shares.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:09 pm

RDHL

RedHill Biopharma has announced a registered direct offering of $8 million, pricing 10 million American Depositary Shares (ADSs) at $0.80 per ADS.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:07 pm