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Equity Actions

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $45 million in growth capital to Neurolens, a company that provides innovative prescription lenses to treat headaches, neck and shoulder pain, and eyestrain caused by eye misalignment. Neurolens recently launched the N3, a device for eyecare providers to measure eye misalignment accurately. The investment is expected to support Neurolens's operational growth and promote the adoption of the N3 device in optometry practices in the US and Canada.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:11 pm

NVDA

Yotta Data Services has partnered with NVIDIA to launch Shakti Cloud, India's largest supercomputer with NVIDIA H100 Tensor Core GPUs, aiming to drive AI innovation in India. Yotta plans to operationalize thousands of GPUs by 2024 and 2025, becoming the first NVIDIA Partner Network cloud partner in India. This collaboration is expected to democratize GPU access, boost AI, gaming, and scientific research, and support India's growing AI market, projected to reach US$14 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:06 pm

DIS

Ancora Holdings Group LLC, a shareholder of The Walt Disney Company (DIS), has issued a letter to fellow shareholders advocating for the addition of an investor representative to Disney's Board. Ancora criticizes Disney's recent performance and governance, highlighting the company's underperformance compared to the S&P 500 Media & Entertainment Index and its polarizing brand actions. They suggest that Trian Fund Management and Nelson Peltz could provide valuable oversight during Disney's transformation. Ancora also discredits Blackwells Capital LLC's recent attack on Peltz, contrasting it with Peltz's successful history in shareholder activism.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:04 pm

ARKF

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) stock is trading higher after the company reported positive monthly customer metrics, including $1.4 billion in net deposits for November. Equity and options trading volumes remained stable compared to October, while crypto trading volumes increased by 75%. Additionally, Ark Invest's ARK Fintech Innovation ETF (NASDAQ:ARKF) has increased its position in Robinhood, purchasing 14,702 additional shares, which may also be contributing to the stock's rise.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 1:59 pm

AZEK

The AZEK Company has announced an accelerated share repurchase program to buy back $100 million of its shares. This move is typically seen as a sign of confidence by the company's management in the firm's future prospects and often aims to return value to shareholders by increasing earnings per share and stock price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 1:31 pm

DE

Deere & Company's (NYSE:DE) short interest has increased by 6.93% since the last report, with 3.11 million shares sold short, representing 1.08% of available shares. It would take about 2.32 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Deere's short interest is below its peer group average of 2.77%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 1:30 pm

BKR

Baker Hughes (NYSE:BKR) has seen a 7.34% increase in short interest since its last report, with 15.62 million shares sold short, representing 2.34% of its float. The short interest is below the peer group average of 6.20%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 1:30 pm

LSTR

Landstar's Board of Directors has approved an increase in the number of shares authorized for repurchase to 3 million. Additionally, the company has declared a special cash dividend of $2 per share, payable on January 19 to shareholders of record as of January 3.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 1:17 pm

VCTR

The Board of Directors of Victory Capital has approved a share repurchase program authorizing the company to buy back up to $100 million of its shares.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 1:07 pm

VNRX

VolitionRx Limited (NYSE:VNRX) has received approximately $5.5 million in financing from Wallonie Entreprendre S.A. in Belgium. The funds will support the development of Volition's Nu.Q® product portfolio, particularly the clinical and regulatory program for Nu.Q® NETs aimed at early disease diagnosis such as sepsis. The financing includes a Euro 2.5 million unsecured loan and a private placement of shares. The loan has an 8% interest rate and matures on December 31, 2028, with tranche availability until June 30, 2025.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 1:05 pm