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AYI

Acuity Brands, Inc reported a 5.7% YoY decline in Q3 FY23 net sales to $1.0 billion, missing the consensus of $1.05 billion. However, its adjusted EPS of $3.75 beat the consensus of $3.71. The company also completed the acquisition of KE2 Therm and continued to repurchase its shares. Despite the sales decline, the company expanded its adjusted operating profit margin and generated strong cash flow from operations.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 2:03 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has seen a 29.83% rise in short percent of float since its last report, with 867 thousand shares sold short, representing 2.35% of all regular shares available for trading. This does not necessarily indicate a near-term fall in the stock, but traders should be aware of the increased shorting. Compared to its peers, Booking Holdings has less short interest, with the peer group average at 8.46%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:01 pm

DMTK

DermTech Inc (NASDAQ:DMTK) shares are trading higher after the company announced a restructuring plan. The plan includes a workforce reduction of 15%, which is expected to result in annualized savings of between $25 million and $30 million. The company believes it has sufficient cash to fund operations into the first quarter of 2025.

Portfolio Pulse from Adam Eckert

June 29, 2023 | 1:57 pm

VLKAF

VWAGY

Volkswagen is reportedly planning to remove the CEO of Audi as part of a performance push. This move is part of Volkswagen's broader strategy to improve the performance of its brands.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:52 pm

WBX

Orilla Asset Management, S.L. has increased its stake in Wallbox N.V. to 9.1%, according to a 13D filing with the SEC.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:41 pm

MOBQ

Mobiquity Technologies, Inc. (NASDAQ:MOBQ) has announced the pricing of its public offering of 30 million shares of common stock at $0.10 per share, aiming to raise approximately $3 million. The closing of the offering is expected to occur on June 30, 2023. The company plans to use part of the proceeds to pay off secured debt and the remaining for working capital.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:32 pm

IKT

Inhibikase Therapeutics, Inc. (NASDAQ:IKT) has announced a 1-for-6 reverse stock split of its common stock, effective from June 30, 2023. The move is intended to bring the company into compliance with Nasdaq's minimum bid price requirement. The number of outstanding shares will reduce from approximately 31.6 million to about 5.3 million. No fractional shares will be issued; instead, stockholders will receive one whole share in lieu of such fractional share.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:31 pm

ALKS

Alkermes has successfully defended against a board room challenge from Sarissa Capital Management, with all directors being re-elected. The news was reported by Reuters, citing sources.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 1:23 pm

CRMD

CorMedix Inc. (NASDAQ:CRMD) shares dropped by 23.27% after the company priced its public offering of 7.5 million shares at $4 per share and pre-funded warrants to purchase up to 2.5 million shares at $3.999 per pre-funded warrant. The total gross proceeds are expected to be around $40 million. The company has also granted the underwriters a 30-day option to acquire an additional 1,500,093 shares of common stock.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 1:22 pm

GNLN

Greenlane Holdings, Inc. has announced a $4M public offering.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 1:21 pm