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Equity Actions

BGXX

Bright Green Corporation (NASDAQ:BGXX) reported no revenues for Q2 2023 as it continues to construct facilities for cannabis cultivation, research, and distribution. The company's total operating expenses were $3.0 million, down from $19.2 million in Q2 2022. Bright Green also reported a net loss of $3.0 million and a diluted loss per share of $0.02. The company is focusing on raising $500 million through the USCIS EB-5 Program and plans to acquire Alterola.

Portfolio Pulse from Nina Zdinjak

August 18, 2023 | 2:01 pm

NVDA

A significant bearish stance on NVIDIA (NASDAQ:NVDA) has been observed through unusual options activity. The sentiment among big-money traders is split between 30% bullish and 69% bearish. Whales have been targeting a price range from $380.0 to $505.0 for NVIDIA over the last 3 months. The price of NVDA is currently down -1.43% at $427.26. Analysts from UBS, Piper Sandler, Susquehanna, and Raymond James maintain positive ratings on NVIDIA, while Wedbush downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:46 pm

DLB

STAA

UBA

Dolby Laboratories (DLB) will replace Staar Surgical (STAA) in the S&P MidCap 400 index, while Staar Surgical will replace Urstadt Biddle Properties (UBA) in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:27 pm

WE

WeWork has announced a 1-for-40 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:25 pm

WE

WeWork has announced that it will proceed with a 1-for-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:24 pm

BLMN

Starboard Value has reported a 9.9% stake in Bloomin' Brands, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:20 pm

DCBO

Morgan Stanley analyst Josh Jennings has upgraded Docebo (NASDAQ:DCBO) from Equal-Weight to Overweight and raised the price target from $40 to $49.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:13 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is one of the fastest-growing companies in the world due to increasing demand for electric vehicles. The company pays a majority of its employees between $85,000 and $175,000, according to a Business Insider report. This data does not include stock-based compensation, grants, individual performance rewards, and bonuses. Tesla's stock-based compensation has been particularly lucrative for employees in recent years, given the stock's incredible run from late 2019 to the end of 2021.

Portfolio Pulse from Adam Eckert

August 18, 2023 | 12:54 pm

GS

JPM

SFTBF

Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 12:52 pm

AHI

DLO

HE

KVUE

NU

Benzinga's Stock Whisper Index highlights five stocks that are underfollowed and warrant attention. This week's index includes Nu Holdings, Advanced Health Intelligence, DLocal Limited, Kenvue Inc, and Hawaiian Electric Industries. Nu Holdings reported a 60% YoY increase in Q2 revenue, reaching a company record of $1.9 billion. Advanced Health Intelligence is eligible for a partial reimbursement from the Australian government for R&D costs. DLocal Limited reported Q2 revenue of $161.1 million, up 59% YoY. Kenvue Inc, spun out from Johnson & Johnson, has received mostly positive ratings since the spinoff. Hawaiian Electric Industries has faced criticism and potential lawsuits over wildfires in Maui.

Portfolio Pulse from Chris Katje

August 18, 2023 | 12:45 pm