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LTHM

RPT

RUSHA

VYX

NCR Voyix and Rush Enterprises are set to join the S&P SmallCap 600. Livent, currently in the S&P SmallCap 600, will move to the S&P MidCap 400, replacing NCR Voyix. Concurrently, NCR Voyix will take Livent's place in the S&P SmallCap 600. Rush Enterprises will replace RPT Realty in the S&P SmallCap 600.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:36 pm

LTHM

NCR

VOYA

Livent Corporation (LTHM) is set to join the S&P MidCap 400 index, taking the place of NCR Corporation (NCR), which will be removed from the index. This change is due to the acquisition of NCR by an affiliate of Veritas Capital, which will result in NCR becoming a private company. The S&P MidCap 400 index will also see the addition of Voya Financial, Inc. (VOYA), which will be replacing Livent in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:33 pm

SIEB

Siebert Financial and Kakaopay have mutually agreed to terminate the second tranche stock purchase agreement they entered into on April 27, 2023. No reasons for the termination were provided in the news article.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:32 pm

INBK

First Internet Bancorp has filed for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $200 million. This move could potentially dilute current shareholders but also provides the company with flexible financing options for future growth, acquisitions, or debt management.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:31 pm

CRCT

Abdiel Qualified Master Fund has disclosed a 17.3% ownership stake in Cricut, Inc. through a 13G filing, indicating a significant investment in the company.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:11 pm

AMC

AMC Entertainment has entered into a private exchange agreement, issuing 3,348,723 shares of Class A common stock in exchange for $25 million of its 10%/12% cash/PIK toggle second lien subordinated notes due 2026.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:02 pm

NHWK

Nighthawk Biosciences has filed for a mixed shelf offering allowing it to raise up to $200 million. Additionally, the company has filed an at-market offering prospectus for the potential sale of up to $4.04 million of its common stock over time, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:01 pm

AAPL

AMZN

CRWD

CYBR

DIS

GOOG

GOOGL

MAGS

META

MSFT

NVDA

PANW

QQQ

TENB

TSLA

Wedbush analyst Daniel Ives predicts major developments in the tech sector for 2024, including AI going mainstream, Apple introducing an AI App Store, increased M&A activity, Tesla launching a sub-$30K vehicle, tech stocks rising by 25%, Apple potentially acquiring ESPN, cybersecurity being the top sub-sector, the 'Magnificent 7' leading tech growth, Musk advancing the super-app concept for X, and Apple and Microsoft reaching $4 trillion market caps.

Portfolio Pulse from Chris Katje

December 19, 2023 | 9:55 pm

FMAO

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) has announced a 4.8% increase in its quarterly cash dividend, raising it from $0.21 to $0.22 per share. This marks the 29th consecutive year of dividend increases for the company. The dividend is payable on January 20, 2024, to shareholders of record as of December 29, 2023. The company's President and CEO highlighted the strong financial results and commitment to shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:46 pm

Goldman Sachs is contemplating a major change to its management committee, potentially the largest in years, due to recent departures. CEO David Solomon, with advice from President John Waldron, may expand or shrink the committee. The committee's size and composition are under review, with new members possibly having closer ties to Waldron. The final decision by Solomon could significantly impact the firm's strategic direction. No appointments have been confirmed, and speculation is high among potential candidates. An announcement is expected after annual compensation discussions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:44 pm