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Equity Actions

EDBL

Edible Garden AG Inc (NASDAQ:EDBL) shares have dropped by 28% to $0.93 after the company priced its $3.0 million underwritten public offering. The company has also granted underwriters an option to purchase additional shares and/or warrants to cover over-allotments. The offering is expected to close on September 8.

Portfolio Pulse from Henry Khederian

September 07, 2023 | 3:59 pm

TMUS

T-Mobile has authorized a $19 billion buyback through the end of 2024 and intends to declare a dividend of $750 million in Q4. This has led to an increase in the company's share price.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 3:39 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares have fallen more than 40% after the company announced an agreement to sell up to 40 million shares of common stock through an at-the-market offering. The proceeds from the potential sale will be used to bolster liquidity, repay, refinance, redeem or repurchase its existing indebtedness and for general corporate purposes. The stock is falling on very heavy trading volume, with more than 21 million shares traded in the session, compared to the stock's 100-day average of 8.428 million shares.

Portfolio Pulse from Erica Kollmann

September 07, 2023 | 2:56 pm

WHLR

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are trading higher after the company posted redemption forms for its Series D Preferred Stock. The redemption will begin in October 2023. The company also announced that it had regained compliance with the Nasdaq minimum bid price listing requirement. WHLR has a float of only 749,075 shares and more than 14.4 million shares have already been traded in the session. The shares are up 68% at $7.64.

Portfolio Pulse from Erica Kollmann

September 07, 2023 | 2:51 pm

MSFT

SPY

The article discusses the performance of Microsoft Corporation's (NASDAQ:MSFT) stock since co-founder Bill Gates stepped down as CEO in 2000. It highlights that a $1,000 investment in Microsoft at the time of Gates' departure would be worth $24,401.35 today, representing a return of 2,340.1%. In comparison, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $4,723.89 today, a return of 372.4%.

Portfolio Pulse from Chris Katje

September 07, 2023 | 2:51 pm

GE

UK-based Varco Energy and GE Vernova have announced a partnership to develop a 57MW/138MWh Battery Energy Storage System (BESS) named Native River, south of Liverpool. The project supports the UK Government's move to net zero and provides new-build investment into the renewable energy sector. GE Vernova will supply the complete BESS for the project, including long-term maintenance services. Construction is set to begin in Q3 2023 with grid connection expected in early 2024.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:46 pm

SWIN

Solowin Holdings' IPO shares have started trading at $4.10 per share, slightly above the IPO price of $4 per share.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:21 pm

AMKR

Amkor Technology has priced a secondary offering of 10 million shares by the Kim Family at $24/share, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:54 pm

WHLR

Wheeler Real Estate Investment Trust has posted two forms that holders of the Company's Series D Cumulative Convertible Preferred Stock need to complete for redemption, which will start in October 2023. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:44 pm

EDBL

Edible Garden has priced a $3.0M underwritten public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:42 pm