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Equity Actions

AMC

AMC Entertainment reported Q3 financial results and announced a $350 million at-the-market offering. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) has announced the pricing of a $2M underwritten public offering of 4,444,444 shares at $0.45 per share. The proceeds will be used for working capital and general corporate purposes. Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% of the shares sold in the offering to cover over-allotments. The offering is expected to close on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:18 pm

AZ

A2Z Smart Technologies Corp. plans to spin off its 80% interest in Advanced Automotive Innovations Inc (AAI). The restructuring will make AAI a publicly traded company, with A2Z shareholders receiving equivalent pro-rata shareholding in AAI. The restructuring is expected to be completed in Q2, 2024. AAI is developing a 'Fuel Tank Inertia Capsule System' designed to prevent fuel combustion in vehicle collisions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:16 pm

SMCI

Supermicro, Inc. (NASDAQ:SMCI) is expanding its AI and HPC rack delivery capacity and advanced liquid cooling solutions. The company's full rack scale delivery capacity is growing from several state-of-the-art integration facilities in the United States, Taiwan, Netherlands, and Malaysia. Supermicro now can deliver 5,000 racks per month to support substantial orders for fully integrated, liquid cooled racks, requiring up to 100kW per rack. The company anticipates that up to 20% of new data centers will adopt liquid cooling solutions as CPUs and GPUs continue to heat up.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:14 pm

TWLO

Twilio Inc (NYSE:TWLO) shares are trading higher after the company reported better-than-expected Q3 financial results. The company reported revenue of $1.03 billion, beating the consensus estimate of $989.28 million, and earnings of 58 cents per share, beating analyst estimates of 35 cents per share. Twilio also reported an increase in active customer accounts and has repurchased $620 million in stock from its $1 billion buyback announced in February. The company expects Q4 revenue to be between $1.03 billion and $1.04 billion.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 1:59 pm

BRK/A

BRK/B

A ProPublica report has revealed that Warren Buffett privately traded in stocks that his company, Berkshire Hathaway, was buying and selling. The report raises questions about the ethics of such actions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:59 pm

AMC

AMC Entertainment Holdings Inc. has announced a $350 million at-the-market offering. The company plans to use the proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:56 pm

PSTV

SCKT

WGS

Insiders at Plus Therapeutics, Inc. (PSTV), GeneDx Holdings Corp. (WGS), and Socket Mobile, Inc. (SCKT) have recently acquired shares of their respective companies. PSTV posted downbeat quarterly sales and announced a share repurchase program. WGS posted upbeat quarterly sales. SCKT posted a wider-than-expected third-quarter loss.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 1:51 pm

AREC

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies, has closed a $44.9 million bond purchase agreement for local incentives from the City of Marion, Indiana. The bond will fund the construction of a refining facility for lithium, critical minerals, and rare earth elements. The facility will produce ultra-pure battery elements and rare earth elements for EV battery and permanent magnet supply chains.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:48 pm

MGM

MGM Resorts reported better-than-expected Q3 financial results and announced a $2 billion share repurchase plan, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:34 pm