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OKYO

OKYO Pharma Limited has announced the withdrawal of its public offering due to changing market conditions.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:46 pm

FWBI

KITT

OKYO

Nauticus Robotics has announced an offshore service agreement with Shell, causing KITT's stock to rise by 34%. First Wave BioPharma has announced an exclusive global license agreement for Capeserod from Sanofi, leading to a 100% increase in FWBI's stock. OKYO Pharma has announced a public offering of ordinary shares, resulting in a 34% decrease in OKYO's stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 14, 2023 | 12:35 pm

ABCM

DHR

Abcam founder and major investor, Jonathan Milner, has announced his opposition to the proposed acquisition of Abcam by Danaher Corporation. He has requested a general meeting to replace the company's board, CEO, CFO, and Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:13 pm

AMC

CUEN

IHS

STBX

TGL

The article lists the top 5 oversold stocks in the communication services sector, which include Starbox Group Holdings Ltd. (STBX), Cuentas Inc. (CUEN), AMC Entertainment Holdings, Inc. (AMC), IHS Holding Limited (IHS), and Treasure Global Inc. (TGL). These stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30. The companies have recently reported various updates such as increased sales, new employment agreements, equity offerings, lowered guidance, and new ventures.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 12:08 pm

AVTX

BIOL

EIGR

FFIE

GMBL

IBEX

NVOS

OKYO

RNAZ

SALM

Several stocks experienced significant movement in pre-market trading. TransCode Therapeutics (RNAZ) rose 43.3%, Avalo Therapeutics (AVTX) rose 39.5% after agreeing to divest AVTX-800 series, and Esports Entertainment Group (GMBL) gained 30.1%. Eiger BioPharmaceuticals (EIGR) rose 17.6% despite discontinuing a Phase 3 study. Salem Media Group (SALM) rose 17%, Faraday Future (FFIE) rose 14.7% after delivering a vehicle to a Netflix star, and Novo Integrated Sciences (NVOS) jumped 8.7% after its product was approved by Turkey's Ministry of Health. On the downside, BIOLASE (BIOL) fell 43.3% after announcing a public offering, OKYO Pharma (OKYO) fell 22.7% after announcing a public offering, and IBEX Limited (IBEX) fell 11.1% after reporting downbeat Q4 results and a weak FY24 revenue outlook.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 12:05 pm

NVDA

Nvidia Corp. CEO Jensen Huang has sold more shares of the company, with the cumulative sales over two days amounting to $26.90 million. This follows a sale of shares worth $42.83 billion a week earlier. Nvidia's stock has rallied over 211% year-to-date, largely due to its artificial intelligence opportunity. The company's H100 AI chips power most of the AI applications and software worldwide, and demand for the chips continues to rise.

Portfolio Pulse from Shanthi Rexaline

September 14, 2023 | 12:03 pm

LAZ

Lazard Ltd has announced the appointment of Alexandra Soto as the Chief Operating Officer of the company and Lazard Group LLC, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:00 pm

ORCL

DZ Bank analyst Ingo Wermann has upgraded Oracle (NYSE:ORCL) from Hold to Buy and set a price target of $125.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:55 am

GWAV

Greenwave Technology Solutions, Inc (NASDAQ:GWAV) has launched ScrapApp.com, a mobile application for the scrap metal industry. The app, which is initially focused on junk cars, will use AI to optimize profit margins. Greenwave plans to use its proprietary data to train a large language model for the $41.4 billion scrap metal industry. The company also plans to develop an AI quoting system for metal from construction and demolition projects, list the nearest scrap yards with their real-time prices, and introduce a points-based rewards system.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 11:50 am

GENI

Genius Sports Limited (NYSE:GENI) has announced the commencement of a public offering of 20 million ordinary shares by an affiliate of investment funds advised by Apax Partners LLP. The underwriter has a 30-day option to purchase up to an additional 3 million shares. Genius Sports is not selling any shares and will not receive any proceeds from the offering.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:06 am