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Equity Actions

AAMC

Altisource Asset Management (AAMC) has reached a settlement resulting in the dismissal of litigation with prejudice and mutual release of all claims without any admission of liability or wrongdoing. This settlement has increased the company's stockholders' equity to over $6,000,000, leading the NYSE to rescind its notice of intent to delist AAMC's common stock. Chairman and CEO William Erbey expressed positivity about the resolution and the company's focus on enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:57 pm

DATS

DatChat shares have seen an increase following the announcement of a proposed spin-off of its Habytat platform business. This strategic move could potentially unlock value for shareholders by allowing the company to focus on its core competencies while giving Habytat the opportunity to grow independently.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:47 pm

GSK

HLN

GSK has announced its intention to sell approximately 300 million shares in Haleon, a consumer healthcare business. This move is part of GSK's strategy to reduce its stake in Haleon and focus on its core pharmaceutical and vaccine businesses.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:44 pm

WDAY

Workday Inc. (NASDAQ:WDAY) stock is currently at $282.84, down 0.14% in the current session, but up 2.23% over the past month and 70.48% over the past year. The article discusses the P/E ratio of Workday in comparison to its peers, noting that Workday's P/E ratio of 1179.88 is significantly higher than the Software industry's aggregate P/E ratio of 94.32, suggesting that the stock might be overvalued or that investors expect better future performance.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:30 pm

PENN

HG Vora Capital Management, LLC sent a letter to the board of PENN Entertainment, Inc. highlighting a violation of the Pennsylvania Business Corporation Law due to unequal allocation of board members across different classes. They pointed out that the current board structure is legally improper and disenfranchises shareholders, especially concerning the upcoming 2024 annual meeting. HG Vora Capital Management expects PENN to promptly remedy the violation and reserves the right to take action to ensure compliance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:11 pm

AEM

Samsung SDI (KRX: 006400) has invested $18.5 million in Canada Nickel Company (TSXV:CNC) for an 8.7% stake and rights to 10% of the nickel-cobalt production from the Crawford project. This follows investments from Agnico Eagle Mines (NYSE:AEM) and Anglo American (LON: AAL). Despite a current oversupply and weak nickel market, companies are investing in anticipation of future EV battery demand.

Portfolio Pulse from Stjepan Kalinic

January 16, 2024 | 4:10 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. AMD's PE ratio is significantly higher than the industry average, suggesting overvaluation, while its PB ratio is lower, indicating potential undervaluation. The PS ratio is also high, hinting at overvaluation in terms of sales. AMD's ROE is below the industry average, suggesting inefficiency in profit generation. The company's EBITDA, gross profit, and revenue growth are lower than the industry average, indicating potential profitability and revenue growth challenges. AMD's debt-to-equity ratio is favorable compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:00 pm

FND

Floor & Decor Holdings (NYSE:FND) has received mixed analyst ratings over the last three months, with a total of 12 analysts offering diverse outlooks. The recent ratings show a shift towards a more cautious stance, with fewer bullish and more indifferent ratings in the last 30 days. Analysts have adjusted their 12-month price targets for FND, resulting in an average target of $91.75, a decrease from the previous average. The company has shown positive revenue growth and a strong net margin but has a below-average ROE. Its market capitalization is below industry averages, and it maintains a moderate debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:00 pm

AAPL

The analysis compares Apple (AAPL) with its competitors in the Technology Hardware, Storage & Peripherals industry, focusing on financial metrics like P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Apple shows potential for growth with a lower P/E than the industry average, trades at a premium based on P/B, and may be overvalued in terms of P/S. The company has a high ROE, indicating efficient profit generation, and robust EBITDA and gross profit figures. However, Apple's revenue growth is below the industry average. The debt-to-equity ratio places Apple in a moderate position among its peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:00 pm

VXRT

Vaxart Inc (NASDAQ:VXRT) stock rose 17.8% to $0.66 following news of a $9.27 million contract from the U.S. Department of Health and Human Services for clinical trial planning. The company also announced the resignation of CEO Andrei Floroiu, with Michael J. Finney stepping in as Interim CEO. Additionally, Vaxart entered into a stock purchase agreement with RA Capital Management for 15.38 million shares at $0.65 each, aiming to raise $10 million for general corporate purposes and to advance its oral vaccine platform. The offering is expected to close around January 18.

Portfolio Pulse from Henry Khederian

January 16, 2024 | 3:59 pm