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Equity Actions

SLNH

Soluna announced a 1-for-25 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:07 pm

SOPA

Society Pass (SOPA) has announced an equity line of up to $40 million to invest into its operating subsidiaries, which are projected to go public in 2024. This has led to a rise in SOPA's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:06 pm

BA

A 'whale' investor has taken a bullish stance on Boeing (NYSE:BA), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $180.0 to $310.0 for Boeing over the last 3 months. The price of BA is currently down -1.91% at $192.32. Several banks have given their ratings and price targets for Boeing, with UBS and Deutsche Bank downgrading their actions.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:03 pm

TTOO

T2 Biosystems Inc (TTOO) shares have dropped by 42.7% after the company announced a reverse stock split at a ratio of 1 post-split share for every 100 pre-split shares. The move is aimed at meeting the minimum bid price requirement for maintaining its Nasdaq Capital Market listing.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 3:01 pm

GVH

Globavend Holdings Limited (NASDAQ:GVH) is set to IPO on October 13 on the NASDAQ exchange under the ticker GVH. The company is offering shares at an expected price between $4.00 and $5.00 per share with an insider lock-up period of 180 days ending on April 10, 2024.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $347.5 to $380.0 for Lululemon Athletica over the last 3 months. Telsey Advisory Group, Needham, and HSBC have all downgraded their actions on LULU with price targets of $450, $470, and $500 respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:48 pm

TTOO

T2 Biosystems has announced a reverse stock split, which is effective today. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:43 pm

KVYO

SHOP

Boston-based marketing automation company Klaviyo Inc. (NYSE:KVYO) went public last month with backing from Canadian e-commerce giant Shopify Inc. (NYSE:SHOP). Despite a 3% drop since its market debut, Klaviyo has remained resilient. The company listed its shares at an IPO pricing range of $27-$29, opened at $32.06, and targeted a fully diluted valuation of approximately $9 billion. Klaviyo has seen substantial revenue growth, with a 51% increase in the latest quarter bringing its revenue to $164.6 million. Shopify holds approximately 11% of Klaviyo's shares and made a $100 million investment last year.

Portfolio Pulse from Aditi Ganguly

October 12, 2023 | 2:40 pm

OPGN

OpGen has announced a Preferred Stock Purchase Agreement and received an advanced payment of €750,000 related to the sale of certain Unyvero A50 systems by Curetis to a strategic partner. This has led to a rise in OpGen's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:38 pm

CHPT

ChargePoint Holdings Inc's shares are trading lower by 3.28% after the company announced it has secured a commitment from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company is raising funds through an 'at-the-market' offering and a $150 million revolving credit facility to achieve adjusted EBITDA profitability by the fourth fiscal quarter of the following year. ChargePoint also plans to modify the terms of their notes with the lead investor, extending the maturity date to April 1, 2028, and adjusting the conversion price to $12.00 per share.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 2:33 pm