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NUWE

Nuwellis Inc (NASDAQ:NUWE) shares dropped by 12.4% after the company announced the pricing of a $2.25 million public offering of Series J Convertible Redeemable Preferred Stock and Warrants. The gross proceeds from the offering are expected to be approximately $2.25 million, which will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 4:04 pm

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US stocks traded lower with the Nasdaq Composite falling over 1% on Friday. Energy shares climbed by 1.7% while information technology shares rose by just 0.1%. Citigroup Inc reported a 9% YoY increase in net revenue to $20.14 billion, beating the consensus of $19.32 billion. Sigma Additive Solutions, Comtech Telecommunications, and SunOpta saw their shares rise after positive news. Outset Medical, SMART Global Holdings, and Harmony Biosciences Holdings saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 4:02 pm

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Versus Systems has announced the pricing of its $3M public offering at $0.23 per share.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:56 pm

AMC

AMC Entertainment Holdings Inc's shares are trading lower by 12.3% despite no company-specific news. The stock may be pulling back following recent momentum in anticipation of the debut of the Taylor Swift Eras Tour concert film. AMC's stock has fallen nearly 70% in 2023 amid the company commencing trading under a 10-to-1 reverse split arrangement. The company's AMC Preferred Equity Units also underwent conversion into common stock. This could be seen as a negative sign by investors, leading to selling pressure.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 3:32 pm

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Citi CEO has announced that the revival of IPOs has helped increase the bank's investment banking revenue in Q3. The bank also played a significant role in advising one of the world's largest deals.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:11 pm

OBLG

Oblong Inc. (NASDAQ:OBLG) shares experienced high volatility with a nearly 300% increase in premarket trading, followed by a significant retreat. The company's trading volume was over 100 times its 100-day average. On October 6, 2023, Oblong and its preferred stock investors agreed to a waiver allowing the conversion or exercise of preferred stock and warrants at a minimum price of $0.2792. The company had 4,670 shares of convertible preferred stock outstanding as of October 6.

Portfolio Pulse from Erica Kollmann

October 13, 2023 | 3:07 pm

UBER

Investor Business Daily SwingTrader has reportedly sold its stock in Uber Technologies.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:51 pm

NUWE

Nuwellis has announced the pricing of a $2.25 million public offering of Series J Convertible Redeemable Preferred Stock and Warrants, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:45 pm

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China's largest ride-hailing company, Didi Global Inc., plans to list on the Hong Kong Stock Exchange after being delisted from the New York Stock Exchange last year due to regulatory fines. The company's OTC markets listing is 80% lower than its June 2021 debut price. The planned Hong Kong listing could boost the flagging IPO market. Didi's major investors include Softbank Group Corp.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 2:33 pm

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The stock market is moving up on news from the Middle East, with the 'momo' crowd buying stocks on statements from Iran and Hamas, and Israel's evacuation order in Gaza. Bank earnings from JPMorgan Chase, Wells Fargo, Citigroup, and PNC Financial Services are better than expected, as are earnings from UnitedHealth Group. The market is also responding to Novo Nordisk raising its growth targets and positive money flows in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. The momo crowd is selling gold and oil, while smart money is buying safe havens of dollar, Treasuries, gold, and silver.

Portfolio Pulse from The Arora Report

October 13, 2023 | 2:30 pm