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Equity Actions

VIOT

Viomi Technology Co., Ltd (NASDAQ:VIOT), a leading IoT @ Home technology company in China, has extended its existing share repurchase plan for another 12 months. The company may repurchase up to US$10 million worth of its American Depositary Shares (ADSs) from October 25, 2022, to October 24, 2024. The company has already purchased approximately US$415,289 worth of its ADSs in the open market under this plan.

Portfolio Pulse from Charles Gross

October 23, 2023 | 9:31 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is considering entering the Indian market, but the Indian government has clarified that concessions will only be given if Tesla agrees to local manufacturing. The Indian Central Government's new strategy could potentially reduce import duties on eco-friendly vehicles from 100% to 15%, contingent on automakers initiating manufacturing operations in India and sourcing components locally. Tesla's initial attempt to enter the Indian market in 2021 was hindered by high import taxes, but discussions were reopened in 2023, hinting at the possibility of establishing a manufacturing base in India.

Portfolio Pulse from Shomik Sen Bhattacharjee

October 23, 2023 | 9:12 am

Guardant Health has announced initial results from the PEGASUS trial, showing promise for the use of liquid biopsy to guide adjuvant treatment of colon cancer.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:32 am

CLF

HIHO

PKG

PRST

WRB

Packaging Corporation of America (PKG), Presto Automation Inc (PRST), Cleveland-Cliffs Inc. (CLF), Highway Holdings Limited (HIHO), and W. R. Berkley Corporation (WRB) are stocks to watch heading into Monday. PKG is expected to report quarterly earnings of $1.92 per share on revenue of $1.99 billion. PRST filed for a mixed shelf of up to $75 million and promoted Justin Foster to Chief Revenue Officer. CLF is expected to earn 44 cents per share on revenue of $5.58 billion. HIHO reported a loss of 8 cents per share for Q1 2024, with net sales falling to $1.35 million. WRB is expected to report quarterly earnings of $1.19 per share on revenue of $3.08 billion.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 7:10 am

BTCUSD

ETHUSD

Former President Donald Trump's Ethereum (ETH) holdings have increased by $91,000 since he launched his NFT collection in December 2022, reaching a total of $2.7 million. The increase in value is attributed to the recent surge in cryptocurrency prices, fueled by renewed hopes for SEC ETF approval and market optimism following the dismissal of charges against two Ripple executives in the XRP lawsuit.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 6:49 am

SHLT

SHL Telemedicine is accelerating its direct-to-consumer strategy in the US following positive initial trial results. The company is making significant investments in infrastructure and technology to advance this strategy.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:16 am

FANH

FANHUA has announced two joint ventures with Asia Insurance, each with a 60% ownership stake. This strategic partnership is expected to strengthen FANHUA's position in the insurance market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 5:57 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant surge, with Bitcoin reaching $30,000. Over $65 million worth of shorts were liquidated in the past 24 hours, contributing to a total of $98 million in total liquidations. JPMorgan analysts expect the approval of spot Bitcoin ETFs within the next few months. The global crypto market cap currently stands at $1.11 trillion. Stock futures are showing a slight uptick as traders anticipate the upcoming release of earnings reports from major tech companies.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 2:18 am

MNR

Mach Natural Resources LP (NYSE:MNR) is set to go public on Oct. 25, 2023, with a price band between $19.00 and $21.00. The company will be offering 10,000,000 shares at a per-share value of $20.00. There is an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

October 22, 2023 | 9:23 pm

JNJ

PSIL

TSLA

The article discusses the growing acceptance of psychedelic substances in treating mental health issues, with celebrities like Jada Pinkett Smith sharing their positive experiences. It also mentions the death of esteemed psychedelic researcher Dr. Roland Griffiths. A Congressional hearing on the use of psychedelics for mental health disorders was postponed. Harvard University is creating a Study of Psychedelics in Society and Culture, backed by a $16 million donation from a former Tesla employee. The article also provides updates on various companies in the psychedelic sector, including Small Pharma, Johnson & Johnson, Lucy Scientific, and others. The AdvisorShares Psychedelics ETF (PSIL) continues a descending trend.

Portfolio Pulse from Lara Goldstein

October 22, 2023 | 7:18 pm