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Equity Actions

SLGG

Super League Gaming, Inc. (NASDAQ:SLGG) announced a name change to Super League Enterprise, Inc. and a 1-for-20 reverse stock split. The stock trading symbol will change from 'SLGG' to 'SLE', effective from September 11. The company believes the new name aligns better with its vision and potential. The reverse split is expected to increase the market price per share to maintain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:02 pm

LVO

PODC

LiveOne's subsidiary PodcastOne has raised its proforma revenue guidance to $47M-$51M with an operating adjusted EBITDA of $4M-$5M for its fiscal year ending March 31, 2024. PodcastOne delivered a record revenue of $10.6M in Q1 FY24. The company will begin trading on Nasdaq under the ticker 'PODC' at a minimum of $8 per share. After the spin-out, LiveOne will own approximately 80% of PodcastOne.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:01 pm

ZBH

Zimmer Biomet Holdings Inc.'s (ZBH) share price is currently at $121.10, after a 0.49% increase. Over the past month, the stock decreased by 2.28%, but increased by 1.53% in the past year. The company's P/E ratio of 50.21 is lower than the Health Care Equipment & Supplies industry average of 75.71, which could indicate that the stock is undervalued or has weak growth prospects.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 3:00 pm

YPF

A U.S. judge has ruled against Argentina in a dispute with minority shareholders of YPF related to a 2012 share seizure. The ruling could potentially impact the value of YPF shares.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:56 pm

AREB

PLTR

SPWH

SWIN

TDUP

Benzinga's Stock Whisper Index has identified five stocks that warrant attention for the week of Sept. 8, 2023. These include Palantir Technologies, ThredUp Inc, Solowin Holdings, Sportsman’s Warehouse Holdings, and American Rebel Holdings. Palantir is advising the White House on AI regulation, ThredUp saw strong interest despite minimal news, Solowin went public with huge volatility, Sportsman’s Warehouse shares declined after Q2 results missed estimates, and American Rebel shares increased after an update from the company.

Portfolio Pulse from Chris Katje

September 08, 2023 | 2:45 pm

LQR

LQR House Inc. (NASDAQ:LQR) has announced the commencement of its share buyback program. The company has instructed Dominari Securities LLC to initiate the repurchase of shares. The CEO of LQR House Inc., Sean Dollinger, expressed his enthusiasm for the buyback program and plans to provide updates on the results of this initiative next week.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:33 pm

AAPL

CVX

GOOG

HOFT

ILMN

LLY

PVH

SPOT

STLA

TWTR

Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm

BABA

Alibaba Group Holding Ltd. has decided to postpone the potential Hong Kong IPO of its Freshippo grocery chain due to weak sentiment for consumer stocks. After initial discussions with potential investors, Alibaba concluded that it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than its initial expectations.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:24 pm

ZIM

ZIM Integrated Shipping has seen a significant options activity with 1000 contracts for September 29 $11 calls being bought near the ask price of $0.749. This is compared to an open interest of just 10 contracts, indicating a bullish sentiment among investors.

Portfolio Pulse from Charles Gross

September 08, 2023 | 2:19 pm

BRK-B

Berkshire Hathaway Inc Class B (NYSE: BRK-B) stock price recently hit a new all-time high of $366, surpassing its previous record of $364 set just a month ago. The stock has risen by 16% this year, but is currently facing resistance and showing signs of struggle. Historical patterns suggest that the current consolidation phase may precede another significant bull trend.

Portfolio Pulse from Zaheer Anwari

September 08, 2023 | 2:18 pm