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BLUE

FDX

POL

Polished.com (POL) shares surged premarket after a Form PX14A6G was filed by shareholder Jerald Hammann, calling for collaborative action among shareholders. FedEx (FDX) shares fell after reporting disappointing Q2 financial results. bluebird bio (BLUE) announced a public offering of 83,333,333 common shares at $1.50 each, resulting in a 50% drop in its stock price.

Portfolio Pulse from ryanfaloona@benzinga.com

December 20, 2023 | 1:51 pm

AEP

Southwestern Electric Power Co has announced that American Electric Power Co (AEP) is reaffirming the financial forecasts it issued on November 10, including the 2024 operating earnings guidance and the projected long-term earnings growth rate of 6%-7%, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:40 pm

BLUE

bluebird bio has announced the pricing of a $125 million public offering of common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:40 pm

CCOEY

DSNKY

EWJ

HMC

NMR

NSANY

SONY

UBS AG is reinstating its equity strategist role for Japan, indicating a growing interest in Japanese equities. JP Morgan also sees potential in the market. The iShares MSCI Japan Index Fund (EWJ) provides exposure to this market. BlackRock identifies Japan as a beneficiary of global fragmentation and notes the outperformance of companies with low price-to-book ratios. Stocks with low P/B ratios like Nissan (NSANY), Honda (HMC), and Nomura (NMR) have shown strong returns, while those with high P/B ratios like Capcom (CCOEY), Daiichi Sankyo (DSNKY), and Sony (SONY) have mixed performance.

Portfolio Pulse from Surbhi Jain

December 20, 2023 | 1:38 pm

HYLN

Hyliion Holdings, a leader in electrified powertrain solutions for Class 8 commercial vehicles, has announced a $20 million stock repurchase program. This program reflects the company's confidence in its business and its commitment to delivering shareholder value. The repurchase plan is also a sign that the company believes its stock is undervalued. Stock repurchase programs typically indicate a company's strong financial position and a positive outlook, which can be a bullish signal to investors.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:30 pm

RDVT

Red Violet's Board of Directors has authorized an additional $5M for the repurchase of the company's common stock, effective immediately. This is in addition to the existing $5M program, which had $500K remaining. Since November 3, 2023, Red Violet has bought back 93,814 shares at an average price of $19.97, and since May 2, 2022, it has repurchased $4.5M of stock at an average price of $18.78.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:09 pm

KULR

KULR Technology Group, Inc. has priced an underwritten public offering of 4.5 million shares at $0.20 per share, expecting to raise $900,000 before expenses. The proceeds will be used to repay debt to Yorkville and for general corporate purposes. The offering is expected to close on December 22, 2023, with R.F. Lafferty & Co., Inc. as the sole book-runner.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:05 pm

ASPN

Aspen Aerogels, Inc. (NYSE:ASPN) has announced a registered direct offering of 6,060,607 shares at $12.375 per share, aiming to raise approximately $75 million. The proceeds are intended for capital expenditures, working capital, and general corporate purposes, focusing on growth in energy industrial and EV thermal barrier segments. The offering is expected to close on December 22, 2023, and is made under an effective shelf registration statement.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:02 pm

ZM

Zoom Video Comms (NASDAQ:ZM) has been analyzed by 14 analysts, showing a range of opinions. The average 12-month price target is $78.79, up from $77.00, with high and low estimates of $95.00 and $66.00, respectively. Analysts have made various rating changes, with some maintaining their positions and others lowering price targets. Zoom's financials show strong revenue growth and net margin, but below-average ROE. The company's debt-to-equity ratio is low, indicating minimal reliance on debt financing.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 1:00 pm

STGW

Stagwell (NASDAQ:STGW) has been evaluated by 8 analysts over the last three months, with 7 bullish and 1 indifferent rating. The average 12-month price target is $7.19, with a high of $8.00 and a low of $6.00, marking a 17.07% decrease in the average target. Analysts from firms including Needham, Goldman Sachs, Benchmark, Morgan Stanley, and Craig-Hallum have adjusted their ratings and price targets. Stagwell's financial performance shows a revenue decline of -6.96%, a net margin of 0.11%, ROE of 0.21%, ROA of 0.02%, and a high debt-to-equity ratio of 5.55.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 1:00 pm