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APYX

Apyx Medical Corporation has announced the appointment of Matthew Hill as its new Chief Financial Officer. This strategic move could signal a strengthening of the company's financial leadership, which may positively influence investor confidence and potentially impact the company's financial strategies and reporting.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:35 pm

TM

Toyota Motor Corp (NYSE:TM) and its affiliates are planning to sell approximately 10% of their shares in Denso, an automotive components manufacturer, for an estimated $4.7 billion. This move is part of Toyota's strategy to divest stakes in group companies to fund an increase in electric vehicle (EV) production. Toyota will remain the largest shareholder in Denso post-sale, and Denso may buy back some of its shares to mitigate the impact on its stock price.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 1:33 pm

NHMD

Reborn Coffee has announced a Memorandum of Understanding (MOU) for a $5 million investment from KIB Plug Energy Korea. This strategic investment aims to support Reborn Coffee's growth and expansion plans. The news could signal increased financial stability and potential for expansion for Reborn Coffee, which may positively influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:33 pm

NB

NioCorp Developments Ltd. has issued an Advance Notice for the purchase of 75,000 shares under the Standby Equity Purchase Agreement. The shares will be priced at 97% of the volume-weighted average price on Nasdaq over three days, with the sale expected to close around September 30, 2023. The shares are being offered without registration under the Securities Act, relying on an exemption, and no prospectus has been filed in Canada.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:24 pm

FOR

Forestar Group Inc. announced the retirement of CEO Daniel C. Bartok and the appointment of Anthony W. Oxley as the new CEO, effective January 1, 2024. Oxley, currently serving as Senior VP at D.R. Horton, brings extensive experience in land acquisition and development. Bartok will remain in a consulting role to ensure a smooth transition. The leadership change aims to continue Forestar's growth as a leading residential lot developer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:15 pm

BK

Bank of New York Mellon (NYSE:BK) has seen a 21.0% increase in short interest since the last report, with 9.32 million shares sold short, representing 1.21% of available shares. The short interest is below the peer group average of 3.11%. 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

November 28, 2023 | 1:15 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Bank of America forecasts the S&P 500 to reach 5,000 points by the end of 2024, a 10% increase from current levels. The bank favors cyclicals over tech giants (Magnificent 7) and expects a maturing economic cycle with increased efficiency and productivity. A 'soft landing' for the U.S. economy is anticipated, with inflation aligning with the Fed's 2% target. Interest rate cuts are expected to start in June 2024. The bank is bullish on Energy, Consumer Discretionary, Financials, and Real Estate sectors, while cautious on Consumer Staples, Health Care, and Technology due to regulatory, valuation, and crowding concerns.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 1:14 pm

LQR

LQR House Inc. (NASDAQ:LQR) announced a 1-for-60 reverse stock split effective November 30, 2023, to comply with Nasdaq's minimum bid price requirement. The company's Board of Directors and majority shareholders unanimously approved the measure after a non-compliance notification from Nasdaq. The reverse stock split is intended to increase the per-share price to meet the $1.00 minimum bid price rule. CEO Sean Dollinger emphasized efforts in transparency and growth through partnerships and acquisitions. The split will adjust outstanding convertible securities and no fractional shares will be issued, with all fractions rounded up.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:48 pm

NVCR

Novocure (NASDAQ:NVCR) has announced a restructuring plan aimed at optimizing business operations to support growth and long-term value. The plan is expected to reduce operating expenses by about $60 million, which will help fund future growth priorities without increasing the company's forward operating cash burn. Novocure is concentrating its resources on global commercial infrastructure and preparing for the launch of its product for metastatic non-small cell lung cancer, as well as on research and development programs with high potential.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:34 pm

BDRX

Biodexa Pharmaceuticals has announced a public offering of 1,397,849 Class A Units at a price of $2.79 per unit. Each unit includes one Depositary Share, equivalent to 400 ordinary shares, and a Series E warrant to purchase an additional Depositary Share at an exercise price, expiring five years from the initial exercise date.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 11:50 am