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Equity Actions

GLE

Global Engine Group Holding Limited (NASDAQ:GLE) is set to start trading on NASDAQ on September 29. 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 March 27, 2024.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

GPAK

Gamer Pakistan Inc (NASDAQ:GPAK) is set to start trading on NASDAQ on September 29. The company, which focuses on promoting esports events and product marketing, is offering shares at an expected price between $4.00 and $5.00 per share. There is an insider lock-up period of 180 days ending on March 27, 2024.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

CHS

JBL

SLNO

Several US stocks recorded gains in Thursday's session. Chico's FAS shares jumped 61.7% following its acquisition by Sycamore Partners. Soleno Therapeutics gained 22.2% after reporting pricing of a $120 million public offering. Organogenesis Holdings, Shengfeng Development, USA Compression Partners, VinFast Auto, Neumora Therapeutics, Jabil, Suburban Propane Partners, Concentrix Corporation, Sunoco, VNET Group, Sprout Social, Stratasys, and Alcoa Corporation also saw significant gains.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 2:40 pm

OPRA

Opera has announced a proposed secondary follow-on public offering of American Depository Shares, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:37 pm

GNSS

Genasys has priced its 5 million share common stock offering at $2 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:32 pm

JBL

Jabil Inc (NYSE: JBL) reported Q4 FY23 revenue of $8.46 billion, missing the consensus estimate of $8.54 billion. However, its adjusted EPS of $2.45 beat the consensus of $2.32. The company's Board of Directors boosted the current share repurchase program to $2.5 billion. Jabil sees Q1 revenue of $8.4 billion-$9.0 billion vs. the consensus of $9.18 billion and adjusted EPS of $2.40-$2.80 vs. the consensus of $2.33. JBL shares are trading higher by 11.40% at $117.17.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 2:31 pm

SBHGF

SFTBY

XRPUSD

Craig Wright, founder of Bitcoin SV, claims that Yoshitaka Kitao, chairman of SBI Holdings, received $60 million in XRP tokens for promoting Ripple. Kitao, a former board member of Ripple Labs, has been a strong supporter of XRP and has previously stated that every bank in Japan will use XRP by 2025. Wright also mentioned that Jesse Powell, founder of US digital currency exchange Kraken, was another beneficiary of XRP tokens. Kraken suspended trading of XRP in 2021 after the US SEC filed suit against the company, but re-listed the digital currency in 2022.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 2:30 pm

ATOMUSD

DOTUSD

ETHUSD

MATICUSD

SOLUSD

Crypto startup Rated Labs has raised $12.9 million in Series A funding, led by Archetype, to expand into Layer 2 networks. The company currently offers Ethereum infrastructure datasets and plans to expand offerings to multiple Layer 1 blockchain networks, including Polygon, Solana, Cosmos, and Polkadot, in 2024. The total funding for Rated Labs now stands at about $15 million.

Portfolio Pulse from Khyathi Dalal

September 28, 2023 | 2:29 pm

PIXY

ShiftPixy Inc (NASDAQ:PIXY) shares are trading lower by 22.7% after the company announced its 1-for-24 reverse stock split effective date. The reverse stock split will be implemented on September 30, with the newly reversed shares tradable on Nasdaq starting October 2, 2023. This move could potentially create scarcity and increased demand for the remaining shares.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 2:26 pm

SHOP

A significant investor has taken a bearish stance on Shopify (NYSE:SHOP), with 63% of recent trades being bearish. The price target for Shopify over the last 3 months has been between $45.0 and $85.0. JMP Securities has downgraded Shopify to Market Outperform with a price target of $72, while Canaccord Genuity has upgraded it to Buy with a price target of $70. The stock is currently down 1.23% at $51.21, and the next earnings are expected in 28 days.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:16 pm