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Equity Actions

F

Ford Motor Company (NYSE:F) has announced a series of organizational changes as part of its Ford+ growth plan. Kumar Galhotra, former head of Ford Blue, becomes COO and will lead Ford's global industrial system. Doug Field continues as chief EV digital and design officer. The changes aim to improve financial performance and investments in disruptive technologies. The announcement follows a warning from Bill Ford about the potential impact of the ongoing strike on the American automotive industry. Ford shares are trading lower by 1.70% to $11.84.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 4:30 pm

GS

Bryn Talkington, a frequent guest on CNBC, announced that she has sold her holdings in Goldman Sachs Group.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:29 pm

WMT

A significant bearish stance has been taken on Walmart (NYSE:WMT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 6% bullish and 93% bearish. The whales have been targeting a price range from $155.0 to $160.0 for Walmart over the last 3 months. Piper Sandler, HSBC, and Stifel have given price targets of $210, $200, and $169 respectively.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:16 pm

NUZE

NuZee Inc's stock price fell by 43% after the company priced a $1.275 million underwritten public offering of 425,000 shares at $3.00 per share. Maxim Group LLC is managing the offering, which is expected to close around October 20. The underwriter also has a 45-day option to purchase up to 63,750 additional shares at the same price.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 4:13 pm

EA

The article provides a detailed comparison of Electronic Arts (NASDAQ:EA) with its competitors in the Entertainment industry. The analysis reveals that EA's PE, PB, and PS ratios are higher than its peers, suggesting a premium valuation. However, the company's ROE and revenue growth are also high, indicating strong profitability and potential for future expansion. On the downside, EA's EBITDA and gross profit are lower than the industry average, indicating potential challenges in cost management and profit generation.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:00 pm

SRE

Sempra Inc.'s (NYSE:SRE) share price is currently at $71.04, after a 0.67% increase. Despite a 4.62% fall over the past month, the stock has seen a 0.10% rise over the past year. Sempra's P/E ratio is lower than the Multi-Utilities industry average of 21.08, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:00 pm

NUZE

NuZee has priced a $1.275 million underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:35 pm

NEXI

NexImmune, Inc. (NASDAQ:NEXI) has announced a 1-for-25 reverse stock split of the company's common stock, approved by the Board of Directors and stockholders. The reverse stock split will take effect after the close of trading on The Nasdaq Capital Market on October 18, 2023. The move is intended to increase the per share trading price of the company's common stock to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:30 pm

NVVE

Nuvve Corporation has announced the pricing of a $1 million underwritten public offering of approximately 7 million shares of common stock at a price of $0.14 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:30 pm

GLD

ITA

SPY

TLT

The yields on 30-year Treasuries crossed the 5% mark after President Joe Biden committed to an 'unprecedented support package for Israel.' Yields on 10-year Treasuries also rose, reaching 4.9%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) declined by 1.3%, extending its year-to-date decline to 18%. The SPDR Gold Trust ETF (NYSE:GLD) increased by 1.5% reflecting the increasing geopolitical risks in the Middle East. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), dropped by 0.5%. Defense stocks outperformed, with the iShares U.S. Aerospace & Defense ETF (NYSE:ITA) rising by 0.6%.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 3:15 pm