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Equity Actions

QURE

uniQure has announced a strategic reorganization plan aimed at reducing operating expenses and supporting the advancement of multiple clinical-stage programs. The company did not provide specific details about the reorganization.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:09 am

PSNY

Polestar, a Swedish electric vehicle manufacturer, has reported a 50% year-on-year increase in vehicle deliveries for Q3, with approximately 13,900 vehicles delivered. PSNY, the US-listed SPAC that is set to merge with Polestar, may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:06 am

DFLI

DFLIW

Dragonfly Energy has announced that it has overcome the last major technological hurdle in its dry electrode battery cell manufacturing process. This development is expected to enable the company to start producing lithium battery cells in the U.S. by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 11:00 am

HR

Healthcare Realty Trust has completed $209 million of asset sales since June 2023, bringing year-to-date dispositions to $318 million. The company affirmed its 2023 dispositions guidance of $350 to $450 million and narrowed its expected cap rate range to 6.5% to 7.0%. It expects to sell additional properties under contract for approximately $71 million by year-end and has properties totaling $239 million under letter of intent to sell with closings expected in Q4 2023 and Q1 2024. The proceeds from these sales are expected to fund development obligations and repay floating rate debt.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:53 am

CAL

Caleres has presented its three-year strategic and financial plan, reiterating its Q3 and FY23 outlook ahead of Investor Day. The company has not provided specific details about the plan.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:46 am

ALPP

Alpine 4 Holdings is offering up to $7M in units of the company on a best efforts basis, at an assumed offering price of $0.71 per unit.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:15 am

ELF

Elf Beauty has filed for an offering of 577,659 shares of common stock by selling stockholders. The filing was made with the SEC.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:10 am

META

ORCL

Matthew McLennan, co-head of First Eagle's Global Value team, warns that the U.S. is heading towards a significant debt crisis due to a fiscal deficit at its worst structural point since World War II. He highlights that the U.S. government’s spending has surpassed tax revenues by $1.5 trillion over the past year, amounting to 5.5% of the nation’s GDP. Despite his bearish stance, McLennan finds gold appealing as an investment hedge and sees value in stocks like Meta Platforms Inc and Oracle Corporation.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 9:24 am

AAPL

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', suggests that Apple Inc. (AAPL) is a good investment if the stock drops below $150. This comes despite recent challenges faced by the tech giant and the broader market uncertainty. Apple's CEO, Tim Cook, recently sold 511,000 shares worth about $87.8 million, and KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple stock from Overweight to Sector Weight. However, Apple shares closed up 0.73% at $173.66 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 7:27 am

RIVN

VFS

VinFast Auto (NASDAQ:VFS), the electric vehicle manufacturer from Vietnam, has seen significant volatility in its stock price, with average swings of 22% and no clear triggers. Despite providing full-year delivery guidance for 2023, the stock has dropped about 52% since then. The company's market capitalization is currently around $19 billion, lower than Rivian Automotive's (NASDAQ:RIVN) market cap of about $21 billion.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 7:14 am