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Equity Actions

THRY

Thryv Holdings, Inc. (NASDAQ:THRY) has announced the promotion of Chief Customer Officer Grant Freeman to the new role of Thryv President, effective from September 1, 2023. Freeman has been instrumental in transitioning the company from a marketing services business to a SaaS company. Under his leadership, Thryv has seen double digit client growth and an increase in active user engagement by more than 18% year-over-year.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:38 pm

GLG

TD Holdings, Inc. (NASDAQ:GLG) has entered into a $165M procurement agency agreement with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. for procuring cobalt materials, a key component of battery energy storage. This move is expected to diversify TD Holdings' service portfolio and increase its presence in the renewable energy sector.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:36 pm

VINE

Fresh Vine Wine, Inc. has announced that it is exploring strategic opportunities to maximize shareholder value. The company has not provided specific details about the strategies it is considering.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:35 pm

GES

NVDA

TSHA

NVIDIA, Guess?, and Taysha Gene Therapies shares are trading higher. NVIDIA reported better-than-expected Q2 results, issued Q3 revenue guidance above estimates, and approved an additional $25 billion in share repurchases. Guess? also reported better-than-expected Q2 results and issued FY24 EPS guidance above estimates. Taysha Gene Therapies received Fast Track Designation from the U.S. FDA for TSHA-102 in Rett Syndrome.

Portfolio Pulse from ryanfaloona@benzinga.com

August 24, 2023 | 12:25 pm

BABA

WB

Weibo Corp reported a 2% YoY decline in Q2 FY23 revenue to $440.2 million, slightly missing the consensus of $440.9 million. Advertising and marketing revenues were flat YoY at $385.7 million, while VAS revenues decreased 16% YoY to $54.6 million. Monthly active users increased by 17 million YoY to 599 million in June 2023. The company elected Mr. Bo Liu, President of Alibaba Group's Taobao and Tmall Group, as a director.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:19 pm

CLVR

Clever Leaves has announced a 1-for-30 reverse stock split to comply with Nasdaq listing requirements. This move is aimed at increasing the per-share trading price to satisfy the $1.00 minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:07 pm

WING

Wingstop Inc. has entered into a $125 million accelerated share repurchase (ASR) agreement. This move is expected to quickly reduce the number of shares available in the market, potentially leading to an increase in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:02 pm

CIX

J

STER

ULBI

VRT

The article lists five overbought stocks in the industrials sector, which could present an opportunity to short sell. The companies mentioned are CompX International Inc. (CIX), Ultralife Corporation (ULBI), Vertiv Holdings Co (VRT), Sterling Check Corp. (STER), and Jacobs Solutions Inc. (J). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:01 pm

SCTL

Societal CDMO has priced its previously announced underwritten public offering of 20.75 million shares at $0.40 per share. The gross proceeds from the offering are expected to be $8.3 million.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 11:32 am

SPY

VGK

Russian Foreign Minister Lavrov announced at a BRICS meeting that the group plans to establish an alternative payment system. He also stated that the United States aims to not only punish Russia but also eliminate any dissent on the international stage.

Portfolio Pulse from Charles Gross

August 24, 2023 | 11:30 am