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Equity Actions

ATXG

Addentax Group Corp. (NASDAQ:ATXG) has announced a 1-for-10 reverse stock split, which is expected to become effective on June 30, 2023. The reverse split will reduce the number of Addentax's common stock outstanding from 37,395,420 to 3,739,542. The company's shares are expected to trade at approximately ten times the price per share prior to the split, although this is not guaranteed.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:32 pm

AMZN

AVGO

AXP

MRVL

PDD

QQQ

SPY

TSLA

Investors are anticipating the release of the Federal Reserve's preferred measure of inflation, the personal consumption expenditure (PCE) price index for May. The market expects PCE inflation to decline from 4.4% YoY in April to 3.8% in May. Investors have increased their bets on a 25-basis-point hike by the Fed in July, with an 87% probability. If PCE inflation is higher than expected, the dollar could strengthen and investors might bet on a second rate hike in September. This could cause weakness in risky assets and rate-vulnerable markets, such as equities and real estate.

Portfolio Pulse from Piero Cingari

June 29, 2023 | 4:18 pm

MS

WFC

ZBH

Stephanie Link announced on CNBC that she has sold her shares in Wells Fargo & Company (WFC), bought shares in Zimmer Biomet (ZBH), and added to her position in Morgan Stanley (MS).

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:17 pm

SVV

Savers Value Village (SVV) shares have started trading at $24.77, significantly above their initial public offering (IPO) price of $18 per share.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:11 pm

LCID

Lucid Group shares are trading higher following the company's recent partnership announcement with Aston Martin. The Saudi Public Investment Fund has also increased its stake in Lucid through a private placement.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 4:10 pm

TOP

TOP Financial Group Limited (NASDAQ:TOP) shares surged more than 40% on heavy trading volume and social media buzz. The stock is trending on StockTwits and Twitter. The company resumed normal trading in June after two suspension periods in May due to abnormal and unexplained market activity.

Portfolio Pulse from Erica Kollmann

June 29, 2023 | 4:02 pm

FXI

SPY

Chinese online fashion retailer, Shein, has confidentially filed for an initial public offering (IPO) in the United States, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:01 pm

GNLN

Greenlane Holdings has announced a $4 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:41 pm

MOBQ

Mobiquity Technologies has announced the pricing of a $3 million public offering of 30,000,000 shares of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:40 pm

EVLO

Evelo Biosciences has announced a 1-for-20 reverse stock split, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:40 pm