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Equity Actions

NU

Nu Holdings Inc. (NYSE:NU) stock is currently trading at $8.27, up by 0.61%. Over the past month, the stock has increased by 2.10%, and over the past year, it has risen by 111.51%. The company's P/E ratio of 110.48 is significantly higher than the Banks industry aggregate P/E of 9.98, suggesting that the stock might be overvalued despite its strong performance.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 1:30 pm

HES

Hess Corporation (NYSE: HES) has experienced a 12.5% increase in short interest since its last report, with 4.35 million shares sold short, representing 2.16% of its float. The average time to cover these short positions is 1.12 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Hess's short interest is below its peer group average of 6.05%.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 1:15 pm

TMUS

SoftBank Group Capital Ltd has filed an amended 13D with the SEC, reporting a 7.64% stake in T-Mobile US as of December 22, 2023.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:10 pm

AEPT

WORX

American Environmental Partners, Inc. (OTC:AEPT) has signed a definitive agreement for a reverse merger with SCWorx Corp. (WORX). The merger is expected to close in Q1 2024, subject to approvals. Post-merger, AEPT shareholders will own 83% of the combined company, which will list on Nasdaq under the ticker AEPT. The transaction includes a pre-merger capital raise of up to $6 million by AEPT.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:07 pm

ADEX

Adit EdTech Acquisition Corp. (ADEX) has announced its plan to voluntarily de-list from the NYSE American. This decision follows the NYSE American's indication that it would not approve the listing of the post-closing company. ADEX has notified the NYSE American and plans to file a Form 25 with the SEC to proceed with the de-listing, expected to be effective around January 15, 2024. ADEX is seeking to list its common stock and warrants in the U.S. and Canada post its business combination with Griid Holdco LLC and will continue to file periodic reports with the SEC.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:05 pm

ZYME

Zymeworks has agreed to a private placement with EcoR1 Capital, involving the sale of 5.1 million pre-funded warrants at $9.8299 each, resulting in gross proceeds of $50 million.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 1:03 pm

DARE

Daré Bioscience, Inc. (NASDAQ:DARE) has secured a royalty-backed investment structure providing $5 million initially and up to $7 million in additional tranches. The investor will receive a percentage of royalties and milestones from Daré's license agreement for XACIATO with Organon until a targeted return is achieved. Daré also issued a 5-year warrant for 5 million shares at $0.3467 per share, a 10% premium to the previous closing price.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:02 pm

CMS

CMS Energy (NYSE:CMS) has received mixed ratings from 7 analysts in the past three months, with an average 12-month price target of $59.57, down 3.66% from previous estimates. The company faces revenue challenges with a -17.34% decline over 3 months, a below-average net margin of 10.4%, but strong ROE and ROA figures. It also has a high debt-to-equity ratio of 2.22. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 1:00 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) received mixed analyst ratings in the past three months, with a recent average 12-month price target of $13.11, up from $12.94. Analysts from firms like Raymond James, RBC Capital, Goldman Sachs, Morgan Stanley, Barclays, JP Morgan, and Citigroup have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. Huntington Bancshares, a regional bank holding company, faces revenue challenges and has a below-average net margin and ROA, but an above-average ROE and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 1:00 pm

ALT

CSIQ

GRCL

HOLI

HP

LI

MANU

SES

SSYS

In Tuesday's pre-market session, several stocks are moving higher following various positive developments. Gracell Biotechnologies Inc. (GRCL) saw a significant pre-market increase after AstraZeneca announced plans to acquire the company for up to $1.2 billion. Other stocks experiencing gains include Manchester United plc (MANU) after Jim Ratcliffe's minority stake purchase, Stratasys Ltd. (SSYS) following a preliminary acquisition proposal from Nano Dimension, and Hollysys Automation Technologies Ltd. (HOLI) after a raised all-cash offer from Dazheng Group. Additionally, Li Auto Inc. (LI), Helmerich & Payne, Inc. (HP), Altimmune, Inc. (ALT), SES AI Corporation (SES), and Canadian Solar Inc. (CSIQ) also recorded pre-market gains.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 11:05 am