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Equity Actions

IPA

ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) stock dropped 23% to $1.19 after announcing a public offering of common shares at $1.00 per share, aiming to raise $1.1 million. The offering includes an option for underwriters to purchase an additional 165,000 shares and is expected to close on December 8. The funds will be used for R&D, expanding lab facilities, and general corporate purposes. IPA's 52-week range is between $0.94 and $5.90.

Portfolio Pulse from Henry Khederian

December 06, 2023 | 6:52 pm

ARKF

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are experiencing heavy trading volume and an upward trend, with over 30 million shares traded in the session compared to the 100-day average of 7.934 million. The surge follows ARK Fintech Innovation ETF's (NYSE:ARKF) purchase of 14,702 Robinhood shares and a report of $1.4 billion in net customer deposits for November. HOOD is trending on Stocktwits and WallStreetBets and is trading above its 50-day moving average, close to its 52-week high.

Portfolio Pulse from Erica Kollmann

December 06, 2023 | 6:51 pm

BIOL

BIOLASE, Inc. (NASDAQ:BIOL) has announced a registered direct offering and concurrent private placement priced at-the-market under Nasdaq rules, totaling approximately $1.4 million. The offering includes common stock and pre-funded warrants, along with additional warrants to purchase common stock, with an effective purchase price of $1.23 per share. The proceeds are intended for working capital, capital expenditures, product development, and sales and marketing investments. Maxim Group LLC is the sole placement agent, and the offering is expected to close on December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:47 pm

BXMT

Carson Block, founder of Muddy Waters, stated in a CNBC interview that Blackstone Mortgage Trust (BXMT) is at risk of liquidity issues.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:08 pm

BXMT

Shares of Blackstone Mortgage Trust, Inc. (BXMT) have declined following the announcement by Muddy Waters Research that they have taken a short position in the company.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:46 pm

BXMT

Muddy Waters Research has taken a short position on Blackstone Mortgage Trust (BXMT), citing concerns over interest rate swaps and risk rating manipulations. They predict a significant dividend cut by H2 2024, potential borrower refinancing issues, and a liquidity crisis that could lead to losses wiping out BXMT's market cap.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:25 pm

MA

Mastercard Inc (NYSE:MA) announced a 16% increase in its quarterly cash dividend to $0.66 per share and a new $11 billion share repurchase program, to commence after completing the current $9 billion program. As of December 1, 2023, $3.5 billion remains in the current buyback program. In Q3 FY23, Mastercard reported net revenues of $6.53 billion and adjusted EPS of $3.39, both surpassing consensus estimates. The company also repurchased $1.9 billion in shares and paid $538 million in dividends. MA shares saw a slight increase of 0.47% to $410.61.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 5:22 pm

DE

The Board of Directors of Deere & Company (NYSE:DE) has increased the quarterly dividend from $1.35 to $1.47 per share, payable on February 8, 2024, to shareholders of record as of December 29, 2023. This represents a 12 cents increase per share from the previous dividend rate.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:18 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a 16.98% increase in short interest since its last report, with 2.19 million shares sold short, representing 1.86% of available shares. The short interest is higher than the peer group average of 1.58%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

TEAM

Atlassian (NYSE:TEAM) has seen a 3.94% increase in short interest since its last report, with 3.26 million shares sold short, representing 2.11% of its float. The short interest is below the peer group average of 3.32%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm