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NNDM

SSYS

Nano Dimension has presented reasons to replace the board of Stratasys. The presentation outlines a value-driven path forward for the company.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:50 pm

ABOS

BHLB

CULP

Insider trades were noted in Acumen Pharmaceuticals, Culp, and Berkshire Hills Bancorp. Acumen Pharmaceuticals Director Rajeev Shah acquired 5,161,290 shares at an average price of $7.75, costing around $40 million. This follows the company's upsizing of its previously announced offering to $130 million from $100 million. Culp Director Lee Jonathan Kelly acquired 3,130 shares at an average price of $5.48, costing around $17,156, after the company posted a narrower-than-expected Q4 loss. Berkshire Hills Bancorp President and CEO Nitin Mhatre bought 1,500 shares at an average price of $22.29, costing around $33,435, following the company's downbeat quarterly results.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:50 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher after the company raised its quarterly dividend and announced a $30 billion stock repurchase program. The company approved a quarterly common stock dividend of 35 cents per share, a 5 cents per share increase from the previous quarter. The stock repurchase program will be executed based on the company's internal capital adequacy framework, market conditions, potential regulatory capital requirements changes, and other risk factors.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 12:49 pm

MAT

Mattel has announced the promotion of Lisa Mcknight and Josh Silverman to Executive Vice President and Chief Brand Officer and Executive Vice President and CFO, respectively.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:49 pm

SPWH

Sportsmans Warehouse Holdings has issued a statement in response to a 13D/A filing made by Cannell Capital with the U.S. Securities and Exchange Commission. The company says it remains open to engaging with all stockholders and to reaching a constructive solution with Cannell.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:41 pm

GPS

MAT

Gap Inc. has appointed Richard Dickson, the President and CEO at Mattel, as its next Chief Executive. Dickson is known for reviving the Barbie brand during his tenure at Mattel.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:18 pm

EDU

New Oriental Education & Technology Group Inc (EDU) reported Q4 FY23 sales growth of 64.2% YoY to $860.6 million, beating the consensus of $820.1 million. The company's revenue was boosted by strong post-COVID demand recovery. However, operating costs and expenses rose 29.0% YoY to $812.5 million. Adjusted earnings per ADS of $0.37 missed the analyst consensus of $0.51. The company also repurchased approximately 5.9 million ADSs for about $191.7 million from the open market. For Q1 FY24, the company expects total net revenues of $983.2 million - $1,005.5 million, above the consensus of $939.47 million.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 12:14 pm

UNP

Beth Whited has been appointed as the President of Union Pacific, while Mike McCarthy has been elected as the Chairman of the Board.

Portfolio Pulse from Charles Gross

July 26, 2023 | 11:47 am

HES

HESS Corporation has raised its FY23 production outlook to 385,000-390,000 boepd from the previous 365,000-375,000 boepd. The increase is primarily due to strong operational performance and the expected startup of the Payara development early in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:46 am

COIN

GOOGL

IRDM

MRNA

SNAP

SPOT

TSLA

The US market saw a decrease in volatility with the Fed decision in focus. Jim Cramer warned investors to be cautious with Alphabet's stock post-earnings. Cathie Wood's Ark Invest increased its stake in Moderna and bought Spotify and Iridium shares, while trimming Tesla and Coinbase holdings. In crypto, Dogecoin surpassed Cardano to become the 7th largest crypto and jumped 7% after Elon Musk shared a logo made by DOGE designer. AT&T is expected to report lower Q2 earnings. Snap's stock crashed premarket. Elon Musk's X Corp. reportedly reduced ad prices to attract brands on Twitter.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 11:43 am