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BACK

IMAC Holdings, Inc. (NASDAQ:BACK) has announced a 1-for-30 reverse stock split of its outstanding shares of common stock, effective after the market closes on September 7, 2023. The move is aimed at enabling the company to meet the Nasdaq Listing Rule that requires a minimum closing bid price of $1.00 per share. The reverse split will reduce the number of shares of common stock from approximately 33 million to approximately 1.1 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:46 pm

IMPP

Imperial Petroleum Inc (NASDAQ:IMPP) announced a $10 million share buyback program and a deal to acquire two vessels for a total of $71 million. The vessels will be delivered by January 2024, financed using available cash resources. The company's shares are currently trading flat at $1.36.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 4:35 pm

CHTR

DIS

FUBO

GOOG

GOOGL

NFLX

ROKU

The ongoing dispute between The Walt Disney Company (DIS) and Charter Communications (CHTR) could impact the ability of consumers to watch NFL games and the U.S. Open tennis tournament. Analysts suggest that Disney should cave to Charter's demands to maximize ad revenues and avoid a potential $1B/year fall in ad revenue. Without an agreement, Disney could see its revenue fall, but its costs for sports rights would remain the same. Other companies like FuboTV (FUBO), Alphabet (GOOG, GOOGL), Netflix (NFLX), and Roku (ROKU) could benefit from the dispute.

Portfolio Pulse from Chris Katje

September 07, 2023 | 4:30 pm

SFTBY

VWAGY

SoftBank Group Corp has invested over $1 billion in autonomous trucking startup, Stack AV, led by founders formerly associated with Ford Motor Company and Volkswagen AG. This investment comes after SoftBank sold its stake in Cruise LLC to General Motors Co for $2.1 billion. SoftBank is also preparing for the IPO of Arm Holdings Ltd, a leading chip designer, with expected valuations between $50 billion to $54 billion.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 4:29 pm

ROL

Rollins Inc (NYSE:ROL) shares are trading lower after pricing a secondary public offering of 38.7 million shares by existing stockholder LOR Inc. The offer price of $35.00 per share represents an 8% discount to the company’s closing price on September 6, 2023. The company has also agreed to repurchase 8.72 million shares of common stock for approximately $300 million.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 4:24 pm

PXD

Bill Baruch, during a live CNBC broadcast, announced that he has purchased more shares of Pioneer Natural Resources.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:23 pm

NVDA

TSLA

Ark Invest founder Cathie Wood is using OpenAI's ChatGPT, but not for picking stocks. Instead, the Ark Invest team is using the AI model to improve their writing style and make complex investment concepts clearer. Wood has previously shown her knack for picking disruptive companies, with successful bets on Nvidia Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from AJ Fabino

September 07, 2023 | 4:19 pm

TXN

Texas Instruments Inc. (NASDAQ:TXN) has seen a 2.39% drop in the current session, trading at $164.03. Over the past month, the stock has decreased by 2.11%, and in the past year, by 3.93%. The company's P/E ratio is lower than the aggregate P/E of 35.27 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:15 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has completed a 1-for-40 share consolidation, reducing the number of common shares from 24.1 million to 0.6 million. The post-consolidation common shares will commence trading on the NASDAQ on or about September 8, 2023. The company's name and trading symbol remain unchanged.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:03 pm

PALI

Palisade Bio Inc's shares have dropped by 46% after the company announced a $2 million registered direct offering. The company plans to use the net proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for the offering.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 4:01 pm