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Equity Actions

PBTS

Powerbridge Technologies has announced a 1-for-8 share consolidation, which will be effective from September 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:27 am

ARKK

DKNG

DNA

RBLX

TDOC

TSLA

Ark Invest, led by Cathie Wood, has continued to sell Tesla shares, with the latest sale amounting to $8.42 million. This is the second consecutive day of significant sales, following Tesla's recent rally and discussions about its potential in autonomous driving technology. Despite these sales, Ark remains optimistic about Tesla's future, projecting a stock price surge to $2,000 by 2027. Ark Invest also made key trades in Roblox Corp, Teladoc Inc, DraftKings Inc, and Ginkgo Bioworks Holdings Inc.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 2:24 am

ENVX

FDX

MARA

TSLA

UPTD

The stock market showed a mixed reaction to the Federal Reserve's decision to maintain the key overnight interest rate unchanged. TradeUP Acquisition Corp. (UPTD) saw a significant increase of 26.42% after announcing an extension for its initial business combination deadline. FedEx Corp. (FDX) experienced a slight uptick of 0.22% after reporting its first-quarter results. Marathon Digital Holdings (MARA) declined by 2.82% after announcing the completion of privately negotiated convertible note exchanges. Enovix Corporation (ENVX) decreased by 5.39% after announcing the acquisition of Korean battery manufacturer Routejade. Tesla Inc. (TSLA) shares dropped by 1.47% influenced by the broader market’s reaction to the Federal Reserve’s decision.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 1:53 am

STLA

Senator Elizabeth Warren has called for fairer contracts for United Auto Workers (UAW) at General Motors, Ford, and Stellantis, highlighting the companies' substantial profits. This comes amid ongoing strikes by UAW members at these companies over pay hikes and other benefits. The UAW strike underscores the debate over workers’ rights and fair compensation in the face of soaring corporate profits.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 1:05 am

DWAC

Former President Donald Trump, facing multiple indictments and federal charges, has expressed concerns about potential prison time, despite publicly stating otherwise. Trump is currently running for the GOP nomination in the 2024 presidential election. The report also raises questions about what prison time would look like for Trump if he is convicted and also re-elected as president. In relation to this, Trump's SPAC deal with Digital World Acquisition Corp (NASDAQ:DWAC) includes provisions related to potential incarceration, stating that a 'material disruptive event' would not change the company's ownership.

Portfolio Pulse from Chris Katje

September 20, 2023 | 11:31 pm

BIAF

BioAffinity Technologies has filed for a public offering of up to 3.086 million units, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:37 pm

CART

Maplebear Inc., trading as Instacart under the symbol CART, saw its stock fall 19.76% on its first day of trading after its IPO. The company initially offered 22 million shares at $30.00 per share. The insider lock-up period is set to end on March 17, 2024, which could potentially lead to an increase in the supply of shares.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 9:30 pm

CTOS

Custom Truck One Source (CTOS) board has approved a stock repurchase program that authorizes the repurchase of up to $25M of shares, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:58 pm

KDP

Keurig Dr Pepper's Chairman & CEO, Bob Gamgort, will guide the company through a transition period before taking on the role of Executive Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:37 pm

CENT

KDP

Central Garden & Pet's CEO, Tim Cofer, has left the company to join Keurig Dr Pepper. The company has appointed Beth Springer, the Lead Independent Director, as the Interim CEO.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:31 pm