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Equity Actions

DD

IBKR

Thomas Peterffy, billionaire founder of Interactive Brokers, shared his worst trade involving DuPont de Nemours Inc. (NYSE:DD), where he lost $80,000, half his capital at the time, due to impatience and a mistake in option trading. He also discussed his investment philosophy, emphasizing logic and independent research over secrets or advice from books.

Portfolio Pulse from Rounak Jain

January 06, 2024 | 9:02 am

LVS

Mark Cuban has distributed $35 million in bonuses to Dallas Mavericks employees after selling his majority stake to key shareholders of Las Vegas Sands (NYSE:LVS), including Miriam Adelson and her family. Cuban retains a smaller ownership share and continues to manage basketball operations. The sale was approved by the NBA in December 2023.

Portfolio Pulse from Rounak Jain

January 06, 2024 | 7:07 am

MDAI

Spectral AI Inc has filed a prospectus related to the offering and sale of up to 3.25 million shares of its common stock by B. Riley Principal Capital II, LLC, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:46 pm

RBT

Rubicon Technologies Inc has filed with the SEC for a shelf registration allowing selling stockholders to sell up to 7.4 million shares of Class A common stock. This does not represent new financing, but rather provides the opportunity for existing shareholders to sell their shares over time.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:34 pm

SFE

Safeguard Scientifics has announced a 1-for-100 reverse stock split followed by a 100-for-1 forward stock split, expected to be effective around January 12, 2024. The company's common stock will trade on Nasdaq on a post-forward split basis starting January 16, 2024. Additionally, Mark Dow has been appointed as CEO, CFO, and Secretary.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:33 pm

AMRX

Akram Mahesh has reported a 9.9% passive stake in Amneal Pharmaceuticals Inc (AMRX) as of January 1, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:21 pm

MGAM

Mobile Global Esports announced the appointment of Sunny Bhandarkar as its new CEO, effective immediately, replacing David Pross. The change in leadership was disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:20 pm

GTY

Getty Realty Corp has filed for a mixed shelf offering, although the size of the offering has not been disclosed. This filing was made with the SEC and is referenced as an S-3ASR form.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:19 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has appointed Michael Testa as the new CFO, effective immediately, as part of its long-term succession plan. He takes over from David Lund, who will stay on as a consultant to focus on strategic growth initiatives for the company.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:09 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

SPY

TSLA

Despite a tough week for equity markets and the S&P 500 facing its first weekly loss after nine-straight gains, the VIX Volatility Index remains historically low, indicating that traders are not in panic mode. The SPDR S&P 500 ETF (SPY) and tech giants Apple (AAPL), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOGL), Microsoft (MSFT), Nvidia (NVDA), and Meta Platforms (META) experienced pullbacks this week. The 'Magnificent Seven' tech giants had a significant impact on the S&P 500's performance, and their recent losses have contributed to the index's decline. Investors are now watching for the market's direction in the coming weeks.

Portfolio Pulse from Neil Dennis

January 05, 2024 | 8:39 pm