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Equity Actions

WE

WeWork has announced that it will proceed with a 1-for-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:24 pm

BLMN

Starboard Value has reported a 9.9% stake in Bloomin' Brands, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:20 pm

DCBO

Morgan Stanley analyst Josh Jennings has upgraded Docebo (NASDAQ:DCBO) from Equal-Weight to Overweight and raised the price target from $40 to $49.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:13 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is one of the fastest-growing companies in the world due to increasing demand for electric vehicles. The company pays a majority of its employees between $85,000 and $175,000, according to a Business Insider report. This data does not include stock-based compensation, grants, individual performance rewards, and bonuses. Tesla's stock-based compensation has been particularly lucrative for employees in recent years, given the stock's incredible run from late 2019 to the end of 2021.

Portfolio Pulse from Adam Eckert

August 18, 2023 | 12:54 pm

GS

JPM

SFTBF

Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 12:52 pm

AHI

DLO

HE

KVUE

NU

Benzinga's Stock Whisper Index highlights five stocks that are underfollowed and warrant attention. This week's index includes Nu Holdings, Advanced Health Intelligence, DLocal Limited, Kenvue Inc, and Hawaiian Electric Industries. Nu Holdings reported a 60% YoY increase in Q2 revenue, reaching a company record of $1.9 billion. Advanced Health Intelligence is eligible for a partial reimbursement from the Australian government for R&D costs. DLocal Limited reported Q2 revenue of $161.1 million, up 59% YoY. Kenvue Inc, spun out from Johnson & Johnson, has received mostly positive ratings since the spinoff. Hawaiian Electric Industries has faced criticism and potential lawsuits over wildfires in Maui.

Portfolio Pulse from Chris Katje

August 18, 2023 | 12:45 pm

EXPR

Fashion retailer Express Inc (EXPR) expects Q2 FY23 sales to be $400 million - $450 million and diluted loss per share to be $(0.50) to $(0.60). The company plans to deliver $150 million in annualized expense reductions by 2025 and has already identified and implemented $80 million for 2023 and $120 million for 2024. The Board of Directors authorized a 1-for-20 reverse stock split of the company's common stock, expected to be effected after market close on August 30, 2023. EXPR shares are trading lower by 6.86% in premarket Friday.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 12:44 pm

HEPS

Hepsiburada (NASDAQ:HEPS), a leading Turkish e-commerce platform, announced that its CFO, H. Korhan Öz, will step down on December 31, 2023, to pursue other business interests. M. Seçkin Köseoğlu, who joined Hepsiburada as Vice President responsible for Strategic Finance in February 2023, will take over as CFO effective January 1, 2024. Köseoğlu has a history of leadership roles in finance at pharmaceutical and FMCG companies, and a track record of turning around underperforming businesses.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:31 pm

BRK-A

BRK-B

KO

Warren Buffett's Berkshire Hathaway Inc (BRK-A, BRK-B) has maintained its position in Coca-Cola Co (KO), holding 400 million shares. The firm first purchased Coca-Cola shares in 1988, acquiring 14,172,500 shares at an average price of $41.81. Today, the firm owns around 6.9% of its portfolio in Coca-Cola, which equates to over 9% of Coca-Cola’s shares. If an investor had followed Buffett's lead in 1988, a $1,000 investment in Coca-Cola would now be worth $23,196.66, a 2,219.7% increase over 35 years.

Portfolio Pulse from Chris Katje

August 18, 2023 | 12:26 pm

AVTX

IKT

MODD

OPGN

Avalo Therapeutics, Inhibikase Therapeutics, PolyPid, WeTrade Group, Gaucho Group Holdings, BIO-Key International, Prosomnus, Renovaro Biosciences, Rail Vision, and Eargo stocks are trading higher in pre-market due to various reasons including higher-than-expected earnings, completion of studies, maintained ratings, and new product launches. Meanwhile, Modular Medical, OpGen, Recruiter.Com Group, 1895 Bancorp of Wisconsin, BioNexus Gene Lab, F45 Training Holdings, Lytus Technologies Holdings, Sidus Space, Smart for Life, and Synlogic stocks are trading lower due to reasons such as partnerships, downgrades, bankruptcy concerns, offerings, and delisting plans.

Portfolio Pulse from Lisa Levin

August 18, 2023 | 12:23 pm