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Equity Actions

WEN

Activist investor Blackwells Capital is reportedly planning a challenge to the board of directors at Wendy's. This move could signal a push for changes within the company's operations or strategic direction. The involvement of an activist investor often leads to increased scrutiny of a company's performance and can result in significant shifts in governance and strategy.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:00 pm

POLA

Polar Power Inc (NASDAQ:POLA) stock plummeted by 50% to $0.42 after announcing a public offering of 4 million shares at $0.40 each, with potential for an additional 600,000 shares or pre-funded warrants. The offering aims to raise $1.6 million and is expected to close on December 5, with ThinkEquity as the exclusive underwriter. The stock has a 52-week range of $0.40 to $2.22.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 4:24 pm

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) stock fell 3.5% to $263.80 after announcing the pricing of a public offering of 2,100,700 shares at $262.00 per share, aiming to raise approximately $524 million. The funds are intended for operational enhancements, including working capital, manufacturing capacity expansion, and R&D investments. The offering includes an option for underwriters to buy an additional 315,105 shares and is expected to close around December 5.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 4:22 pm

TFC

Truist Finl Inc. (NYSE:TFC) shares increased by 1.77% and are trading at $32.71, with a 4.87% rise over the past month but a 23.20% fall over the past year. The stock's P/E ratio is lower than the Banks industry average, suggesting it might be undervalued or have weaker growth prospects.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:15 pm

CANC

HRTS

LUX

MSFT

ROYA

RSHO

TOLL

Tema ETFs is revolutionizing thematic investing by focusing on long-term structural trends and precise security selection, avoiding short-term market fads. Yuri Khodjamirian, CFA, highlighted Tema's approach during Benzinga's 'ETFs Unlocked' session. Tema ETFs, with six funds in the market, emphasizes quality and alignment between themes and securities, as seen in their ETFs targeting reshoring in the U.S. (RSHO), cardio-metabolic diseases (HRTS), and luxury goods (LUX). The company also offers ETFs focused on oncology (CANC), global royalties (ROYA), and monopolies and oligopolies (TOLL).

Portfolio Pulse from Piero Cingari

December 01, 2023 | 4:14 pm

FIVE

Five Below's stock is trading higher following the announcement of Q3 financial results that exceeded expectations. The company also provided future guidance and revealed a new share repurchase program valued at up to $100 million.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:14 pm

VSTO

Vista Outdoor Inc (NYSE: VSTO) announced leadership changes with the resignation of Gary L. McArthur as Interim CEO, effective December 1, 2023. McArthur will continue as an independent Director. Eric Nyman and Jason Vanderbrink have been appointed as Co-CEOs, with no additional compensation for their new roles. Additionally, Andrew Keegan has been appointed as CFO after serving as Interim CFO since November 2022. VSTO shares saw a slight decline of 0.51% to $28.07.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 4:09 pm

AIG

CRBG

Corebridge Financial's stock is trading lower following AIG's announcement of the pricing for a secondary offering of Corebridge Financial common stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:04 pm

DLTR

The article provides an analysis of Dollar Tree (NASDAQ:DLTR) against its competitors in the Consumer Staples Distribution & Retail industry. It examines financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Dollar Tree's P/E ratio is higher than the industry average, suggesting a premium valuation. Its P/B ratio is below the industry average, indicating potential undervaluation based on book value. The P/S ratio is above the industry average, implying a possible overvaluation in sales terms. Dollar Tree's ROE is below the industry average, suggesting inefficiency in profit generation from equity. The company's EBITDA and gross profit are also below the industry average, indicating potential profitability challenges. Revenue growth is lower than the industry average, pointing to a possible decline in sales performance. Dollar Tree's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:00 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) is analyzed in comparison to its IT Services industry peers. The company's financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated. Cognizant's P/E, P/B, and P/S ratios are below the industry average, suggesting potential undervaluation. However, its ROE, EBITDA, gross profit, and revenue growth are also lower than the industry average, indicating possible inefficiencies and challenges in profitability and sales performance. The company's debt-to-equity ratio is lower than its top 4 peers, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:00 pm