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Equity Actions

NX

Quanex Building Products Corporation has announced that George Wilson, currently serving as President and CEO, will take on the additional role of Chairman effective February 27, 2024. The current Chairman, William C. Griffiths, is set to retire from the Board at the next Annual Meeting of Shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:19 pm

AERT

Aeries Technology has announced a restatement of its previously issued financial statements due to a stock split by its subsidiary AARK Singapore. The restatement is necessary to reflect the changes in share structure and capitalization resulting from the stock split.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:18 pm

CRGX

CARGO Therapeutics reported its Q3 2023 results with a significant increase in net loss to $35.5 million, or $47.37 per share, compared to $12.3 million, or $28.38 per share in Q3 2022. The increase in loss is attributed to higher R&D and G&A expenses, driven by the CRG-022 program and expansion of teams. Despite the loss, CARGO's cash position is strong with $60.3 million in cash and an additional $438 million from Series A financing and an IPO, expected to fund operations through 2025.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:16 pm

LNW

Light & Wonder, Inc. (LNW) has officially appointed Oliver Chow as the company's Executive Vice President, Chief Financial Officer, and Treasurer. Chow has been serving as the Interim CFO since August 2023 and has over 15 years of experience in entertainment and gaming, with previous senior finance roles at Aristocrat and other companies. CEO Matt Wilson expressed confidence in Chow's abilities and experience. Chow is committed to supporting the company's growth and financial strategy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:13 pm

DIA

IBM

MSFT

QQQ

SPY

VZ

WBA

The Dow Jones Industrial Average surged past the 37,000 mark, a record high, following the Federal Reserve's decision to maintain interest rates and signal a potential rate-cutting cycle beginning in 2024. The SPDR Dow Jones Industrial Average ETF (DIA) reflected this rally with a 14% increase over six weeks. The Nasdaq 100 and S&P 500, tracked by Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY) respectively, are also approaching their all-time highs. The Dow's rise was broad-based, with 27 of 30 stocks gaining, led by Walgreens Boots Alliance Inc. (WBA) and others, while IBM, Verizon (VZ), and Microsoft (MSFT) saw declines.

Portfolio Pulse from Piero Cingari

December 13, 2023 | 9:11 pm

NXU

Nxu has signed a letter of intent to invest in Lynx Motors through a share exchange deal. The agreement involves an exchange of $3M worth of Nxu shares for an equivalent value in Lynx shares.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:11 pm

PFBC

Preferred Bank (PFBC) has announced a significant increase in its cash dividend, raising it by 27.3% from $0.55 to $0.70 per share. The new dividend will be payable on January 22, 2024, to shareholders of record as of January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:06 pm

VERU

Veru Inc. has initiated a public offering of shares of its common stock, although the specific terms of the offering have not been disclosed. This move could potentially dilute the value of existing shares, but also provide the company with additional capital for its operations and investments.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:03 pm

OCUL

Ocular Therapeutix has initiated an underwritten public offering of its common stock, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:02 pm

IOT

Investor Business Daily's SwingTrader has reportedly purchased shares of Samsara, which may indicate a positive outlook on the stock from their perspective.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:44 pm