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CELH

MARA

RIVN

TSLA

TWLO

Rivian, Marathon Digital, Twilio, Tesla, and Celsius are the top stocks that gained the attention of retail traders and investors. Rivian reported a Q2 revenue of $1.12 billion, surpassing estimates, and raised its full-year production guidance. Marathon Digital reported a net loss of $21.3 million for Q2 2023, a significant improvement from a net loss of $212.6 million in the same period last year. Twilio reported a 10% YoY increase in its Q2 revenue, amounting to $1.04 billion. Tesla's longtime CFO, Zachary Kirkhorn, has left the company. Celsius Holdings reported a record Q2 revenue of $326 million.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 1:48 am

PYPL

TSLA

Neuralink, co-founded by Elon Musk, has received a $280 million investment in a Series D funding round led by Founders Fund, a venture capital firm co-founded by Peter Thiel. This comes months after Neuralink received FDA clearance to begin trials for brain chips implanted into humans. The company, which was valued at $5 billion in June, did not disclose what the funds would be used for.

Portfolio Pulse from Chris Katje

August 08, 2023 | 10:46 pm

PENN

PENN Entertainment has entered into an exclusive U.S. online sports betting agreement with ESPN. Additionally, the company has divested Barstool Sports back to its founder, Dave Portnoy. This has led to a rise in PENN Entertainment's shares.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:19 pm

GTES

Gates Industrial Corporation (GTES) announced that certain stockholders affiliated with Blackstone Inc. have commenced a secondary offering of 15 million of Gates' ordinary shares. The stockholders also intend to grant underwriters a 30-day option to purchase up to 2.25 million additional ordinary shares. Gates is not offering any shares in this offering and will not receive any proceeds from the sale. Citigroup and Goldman Sachs & Co. LLC are serving as the joint lead book-running managers of the offering.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 10:13 pm

MVST

Microvast Holdings, Inc. (NASDAQ:MVST) has appointed Zach Ward as the new President of the organization. Ward, who has over 20 years of leadership experience in energy and technology companies, will oversee the company's global operations and contribute to its expansion in the U.S. and advancements in battery technology.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:54 pm

BCS

C

NS

NuStar Energy L.P. (NYSE:NS) plans to conduct a public offering of 12 million common units. The proceeds will be used to redeem outstanding Series D Cumulative Convertible Preferred Units and to pay related fees and expenses. Barclays and Citigroup are acting as lead book-running managers for the offering.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:48 pm

SLDP

Solid Power's Chairperson of the Board, David Jansen, will step down on September 1, 2023, and retire from the company on October 8, 2023. John Stephens, the company's Lead Independent Director, will succeed him as Chairperson.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:37 pm

CCSI

Consensus Cloud Solutions has reaffirmed its full year 2023 guidance, with revenue and Adjusted EBITDA at the lower end, and Adjusted non-GAAP earnings per diluted share above the midpoint. The revenue is expected to be between $370 million and $390 million, Adjusted EBITDA between $192 million and $206 million, and Adjusted non-GAAP earnings per diluted share between $4.93 and $5.20.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:16 pm

AVD

American Vanguard Corporation (AVD) has announced a share repurchase program for up to $7.5 million of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:15 pm

MRTX

Mirati Therapeutics, Inc. (NASDAQ:MRTX) plans to offer and sell $250 million of its common stock, and pre-funded warrants to certain investors, in a public offering. The purchase price of each pre-funded warrant will equal the price per share at which shares of common stock are being sold to the public in this offering, minus $0.001. The company also expects to grant the underwriters a 30-day option to purchase up to an additional $37.5 million of shares at the public offering price, less the underwriting discounts and commissions. Goldman Sachs & Co. LLC and Leerink Partners LLC are managing the offering.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 8:57 pm