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Equity Actions

VIRI

Virios Therapeutics has announced a halt to its at-the-market offering sales under its Capital on Demand sales agreement.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:06 am

ONCY

Oncolytics Biotech reported Q2 losses of $(0.12) per share, missing the analyst consensus estimate of $(0.09) by 33.33%. This is a 71.43% decrease from the same period last year. The company reported $24.4 million in cash, cash equivalents, and marketable securities as of June 30, 2023, and closed a $15 million public offering on August 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:05 am

BTAI

BioXcel Therapeutics is strategically reprioritizing to strengthen its focus and significantly reduce operating expenses.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:01 am

JKS

JinkoSolar Holding Co has revised its Q3 module shipments forecast to 19.0 GW - 21.0 GW, and its FY23 forecast to 70.0 GW - 75.0 GW, up from the previous 60.0 GW - 70.0 GW.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:30 am

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares slumped in premarket trading following the Delaware Chancery Court’s ruling that the company can increase the number of authorized shares and do a reverse split of the shares in the ratio of 1-for-10. This will allow conversion of all outstanding AMC preferred shares (APE) into AMC common shares. The move is expected to dilute equity capital, pushing down the stock price. In premarket trading, AMC shares traded down 27.38% at $3.82, while the APE preferred unit jumped 26.40% to $2.25.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 10:25 am

GS

NOVA

Sunnova Energy International Inc. has launched an underwritten public offering of $75 million of its common stock. The company also plans to grant the underwriters a 30-day option to purchase up to $11.25 million of additional common stock. Goldman Sachs & Co. LLC is the book-running manager of the offering.

Portfolio Pulse from Charles Gross

August 14, 2023 | 10:23 am

COIN

Coinbase, a leading cryptocurrency exchange, has announced its expansion into Canada with a series of new offerings. This move is expected to increase the company's user base and revenue.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:03 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has signed a collaboration agreement with UAE-based IntelliGen FZ-LLC to deploy AHI's technology in the Middle East. IntelliGen will receive up to 2 million AHI shares for the delivery of a $20 million license to AHI in the region, and a revenue share on all sales across the region delivered by IntelliGen.

Portfolio Pulse from Charles Gross

August 14, 2023 | 9:03 am

OKTA

Goldman Sachs analyst Gabriela Borges has upgraded Okta (NASDAQ:OKTA) from Sell to Buy and raised the price target from $77 to $91.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 8:47 am

BA

NOC

PPA

RTX

Democratic primary candidate Marianne Williamson criticized the U.S. defense budget of $858 billion for the fiscal year 2023, attributing part of it to price gouging by defense contractors such as Raytheon Corp (RTX), Northrop Grumman Corp (NOC), and Boeing Co (BA). She proposed a 20% cut in the defense budget, arguing that funds should be redirected towards healthcare, education, and living wages. The Invesco Aerospace & Defense ETF (PPA) ended Friday’s session up 0.36% at $85.31.

Portfolio Pulse from Shanthi Rexaline

August 14, 2023 | 8:41 am