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Equity Actions

EPD

Enterprise Prods Partners Inc. (NYSE:EPD) shares dropped slightly by 0.04% and have decreased by 4.82% over the past month, despite a 5.04% increase over the past year. Investors are encouraged to consider the company's lower P/E ratio in comparison to the industry average, which may suggest undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 3:15 pm

MS

Morgan Stanley has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:58 pm

AMT

EPD

EXPE

NXPI

On CNBC's 'Halftime Report Final Trades,' analysts recommended NXP Semiconductors (NXPI), Enterprise Products Partners (EPD), American Tower (AMT), and Expedia Group (EXPE). NXPI reported better-than-expected Q3 results and guidance, EPD had weaker Q3 earnings, AMT showed a 5.5% revenue growth YOY, and EXPE reported strong Q3 results with a new $5 billion share repurchase plan. All stocks saw positive price action, with NXPI up 3%, EPD up 0.1%, AMT up 0.9%, and EXPE up 6.3%.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 2:38 pm

ABVC

ABVC BioPharma Inc and its unit Biolite have each entered into a multi-year, global licensing agreement with AiBtl BioPharma Inc. According to the agreements, ABVC and Biolite will each receive 23 million shares of AiBtl stock, as disclosed in an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:33 pm

MOXC

Moxian (BVI) Inc, a US-based bitcoin mining company, has announced a corporate name change to Abits Group Inc. The ticker symbol on the Nasdaq Capital Market will also change from 'MOXC' to 'ABTS' effective November 17, 2023. This change reflects the company's transformation and the launch of a new mining center in Tennessee. The change does not affect shareholder rights or the number of outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:28 pm

JJSF

Gerald B. Shreiber transitions to Chairman Emeritus at J & J Snack Foods Corp. (NASDAQ:JJSF), with Dan Fachner elected as the new Chairman of the Board. Fachner has been the President and CEO since 2021 and a Board member since 2022. Shreiber, the company's founder, has been a pivotal figure in the company's success over the past 50 years.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:26 pm

VLCN

Volcon, Inc. (NASDAQ:VLCN) has announced the pricing of an $18 million underwritten public offering. The offering includes 42,857,142 Common Units or Pre-funded Units, each comprising a share of common stock or a pre-funded warrant, and associated warrants. The Common Units are priced at $0.42, and the Pre-Funded Units at $0.41999. The proceeds are intended for general corporate purposes. The offering is subject to closing conditions, and Aegis Capital Corp. has a 45-day option to purchase additional securities to cover over-allotments.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:20 pm

TEDU

Tarena International, Inc. has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. This change is expected to take effect at the opening of the market on November 17.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:08 pm

JNVR

Janover Inc. has announced a new share repurchase program, under which the company is authorized to repurchase up to $1 million of its outstanding shares. This buyback program reflects the company's confidence in its financial stability and future prospects, and is typically seen as a positive signal by investors, as it often indicates that the company believes its shares are undervalued. The repurchase of shares can also help to boost earnings per share over time by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:01 pm

GURE

Gulf Resources, Inc. (NASDAQ:GURE) announced upcoming management changes, with Chairman Min Yang and board member Tengfei Zhang not standing for re-election at the Annual Meeting on November 30, 2023. CEO Xiaobin Liu will become the new Chairman. The company has nominated a new director candidate, details of which are in the proxy statement filed on October 3, 2023. Yang expressed pride in the team and believes it's the right time to focus on other business pursuits, while Liu thanked Yang for his mentorship.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:36 pm