Streetbeat News

Equity Actions

ONDS

Ondas Holdings has announced the appointment of Yishay Curelaru as CFO, effective from September 19, 2023.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:05 am

PRPO

Precipio has implemented a 1-for-20 reverse stock split, which is now in effect. This action is typically taken by companies to increase the market price of their shares.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:56 am

STLA

TSLA

The ongoing auto strikes across the U.S. are influenced by Tesla's rise as the world's most valuable automaker and the industry shift to electric vehicles (EVs). Traditional automakers like General Motors, Ford, and Stellantis have been restructuring operations and investing billions globally in response to Tesla's success. This has led to a decline in 'green jobs' and a drop in UAW membership. Tesla's non-unionized labor structure and lower labor costs have spurred legacy automakers to seek cost-cutting measures and efficiencies.

Portfolio Pulse from Benzinga Neuro

September 22, 2023 | 8:59 am

DYNT

FFIE

MOND

NTWK

SCHL

Dynatronics Corporation (DYNT), Scholastic Corporation (SCHL), NETSOL Technologies, Inc. (NTWK), Mondee Holdings, Inc. (MOND), and Faraday Future Intelligent Electric Inc. (FFIE) are stocks to watch heading into Friday. DYNT is expected to report a quarterly loss, SCHL reported downbeat Q1 results, NTWK is expected to report its fiscal Q4 and full year results, MOND approved a $30 million share repurchase program, and FFIE named a new CEO and announced a management stock purchase plan.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 8:56 am

BABA

Alibaba Group Holding's logistics unit, Cainiao Network Technology, is reportedly preparing for its debut on the Hong Kong stock exchange, aiming to raise at least $1 billion through a share sale. This news has led to an increase in Alibaba's share price.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:36 am

VLVLY

The Election Committee of AB Volvo has proposed Pär Boman as the new Chairman and Board member, to be appointed at the Annual General Meeting in March 2024. Current Chairman Carl-Henric Svanberg has declined re-election.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:33 am

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced the pricing of its public offering of 1.8 million common shares at $2.50 per share, resulting in gross proceeds of approximately $4.5 million. The accompanying warrants have an exercise price of $2.50 per share and will expire five years following the date of issuance.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:29 am

DYNT

FDX

NTWK

The CNN Money Fear and Greed index moved to the 'Fear' zone as U.S. stocks closed sharply lower on Thursday. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, with a majority of committee members viewing another rate increase as appropriate. FedEx Corporation (FDX) shares gained 4.5% after reporting mixed first-quarter financial results. Investors are awaiting earnings results from Dynatronics Corporation (DYNT) and NETSOL Technologies, Inc. (NTWK).

Portfolio Pulse from Lisa Levin

September 22, 2023 | 7:17 am

MOND

Mondee has approved a $30M share repurchase program to boost shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:38 am

BTCUSD

COIN

Coinbase CEO Brian Armstrong criticized the Biden administration's approach to cryptocurrency, calling it 'really terrible for crypto.' Armstrong emphasized the importance of the 2024 elections and suggested that candidates' positions on cryptocurrency could determine their success. Coinbase has pledged a $1 million donation to a crypto super PAC. This comes as Coinbase seeks to reduce regulatory oversight, amidst increasing scrutiny from U.S. regulators and high-profile civil suits against cryptocurrency exchanges like Coinbase.

Portfolio Pulse from Mehab Qureshi

September 22, 2023 | 4:58 am