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IMMX

Immix Biopharma Inc has filed for a shelf of up to 5.2 million shares of common stock by a selling stockholder, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:23 pm

AMZN

MSFT

SPY

The S&P 500 index saw modest gains on Monday, breaking a four-session losing streak. The index is recovering from its second-worst week of the year, with a 2.9% decline. Among the top 10 components of the S&P 500 index, nine stocks recorded gains, with Microsoft being the exception. Amazon provided the most substantial boost to the market’s daily performance with a 1.6% increase. However, a surge in Treasury yields somewhat restrained the bullish sentiment. The S&P 500 has experienced a 6% decline since its peak in July, with a critical level to monitor being 4,200, which could signal a major trend reversal for the broader market.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 8:22 pm

PFSW

Beryl Capital Management LLC has increased its stake in PFSweb to 9.9%, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:20 pm

COTY

Coty Inc has filed for a stock shelf offering, the size of which has not been disclosed. The company has also submitted an application to dual-list its Class A common stock on the professional segment of the regulated market of Euronext Paris. However, it does not intend to list its preferred stock on any exchange, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:10 pm

ENV

Envestnet, Inc. (NYSE:ENV) has announced that Joshua B. Warren will be joining the company as Chief Financial Officer, succeeding Peter H. D'Arrigo. Warren, who previously served as Managing Director and Global Head of Business Strategy for iShares and Index Investments for BlackRock, will initially serve as a senior advisor before transitioning to CFO on November 15, 2023. D'Arrigo will serve as a senior advisor through March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:08 pm

SCVL

Shoe Carnival has announced the appointment of Patrick Edwards as CFO, effective from September 25. Edwards, currently an executive officer at Shoe Carnival, has served as the company's Chief Accounting Officer and Secretary since 2021. He brings nearly 30 years of strategic experience in finance, accounting, risk management, and governance to the role.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:07 pm

GPAK

Gamer Pakistan Inc has filed to withdraw its plans for an Initial Public Offering (IPO), according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:05 pm

MA

V

Truist Securities analyst Andrew Jeffrey has maintained a Buy rating for Mastercard Inc (NYSE:MA) and raised the price target from $450 to $475. Jeffrey is bullish on Mastercard's ePayment growth and B2B potential, citing global card volume growth, recent share gains, and the company's strategy of leading with solutions that lift issuers' revenue growth. He also highlighted Mastercard's Value-Added Services (VAS) portfolio, which focuses on Fraud, Intelligence, and Data.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 8:02 pm

ANGO

MMSI

H.C. Wainwright initiated coverage on AngioDynamics Inc (ANGO) with a 'Buy' rating and a price target of $19, noting the company's debt-free status and significant undervaluation compared to peers. AngioDynamics, which generates over 80% of its revenue from the U.S., has substantial room for growth in the high-growth Med Tech segment. The company recently sold its Dialysis product portfolio and BioSentry Tract Sealant System Biopsy product to Merit Medical Systems Inc (MMSI) for $100 million.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 7:34 pm

AMRK

B. Riley Securities analyst Lucas N. Pipes has lowered the price target on A-Mark Precious Metals Inc (AMRK) to $45 from $54 while maintaining a Buy rating. The analyst reduced estimates for Q1 FY24 EPS to $0.97 from $1.38 per share and adjusted EBITDA to $32.3 million from $45.3 million. Despite the margin compression, the company sees the low-margin environment as an opportunity to attract new customers and boost volumes. AMRK shares are trading lower by 2.7% at $29.80.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 7:22 pm