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Equity Actions

ZYXI

Zynex Inc (NASDAQ:ZYXI) announced a new $10 million stock buyback program, starting on June 14, 2023, and ending on June 13, 2024, or when the buyback limit is reached. The company plans to finance the purchases with existing cash balances, which is not expected to have a material impact on capital levels.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 4:24 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares are trading higher by 8.61% to $1.01, following a 0.3% month-on-month slump in the Producer Price Index (PPI) for May. The softer PPI report suggests that raw material and input prices may not be increasing rapidly, potentially helping Workhorse manage production costs and improve profit margins.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:19 pm

MVIS

WETG

U.S. stocks traded mixed with Dow Jones dropping over 100 points, while NASDAQ and S&P 500 rose. Crude oil inventories climbed by 7.919 million barrels, against market estimates of a 0.51 million decline. WeTrade Group shares surged after launching an AI-generated language model, while MicroVision shares plummeted following a proposed public offering.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 4:10 pm

E

Italy's Eni is in advanced talks with investors to sell a minority stake of 5% to 15% in its renewable and retail unit, Plenitude, in a private deal. Plenitude could be valued at over €6 billion in the potential sale.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:39 pm

NBSE

NeuBase Therapeutics announced a 1-for-20 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:08 pm

CAVA

Cava Group, Inc is set to IPO on June 15, 2023, on the NYSE under the ticker CAVA. The company is offering shares at an expected price between $17.00 and $19.00 per share, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 3:01 pm

SXTP

60 Degrees Pharmaceuticals, Inc (NASDAQ:SXTP) is set to IPO on June 15, offering shares at an expected price between $4.30 and $6.30 per share. The company focuses on developing and commercializing new therapies for the prevention and treatment of infectious diseases.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 3:00 pm

GCT

NEXT

SYK

NextDecade Corporation shares surged 35% after announcing framework agreements with Global Infrastructure Partners and TotalEnergies for the Rio Grande LNG project. GigaCloud Technology's board approved a $25 million share repurchase program, causing its stock to climb 7%. Stocks of medical equipment companies rose in reaction to UnitedHealth's comments on elevated volumes of non-urgent surgeries.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 2:27 pm

BRT

BRT Apartments Corp. (NYSE:BRT) has extended its share repurchase program to December 31, 2025, and increased the authorization to $10 million. The company has repurchased 166,565 shares at an average price of $18.09 per share. The Board of Directors also declared a quarterly dividend of $0.25 per share.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 2:25 pm

AAPL

BA

DIS

EADSY

GOOGL

PFE

SHEL

The Producer Price Index (PPI) slumped 0.3% MoM in May, reaching a 28-month low. Apple invests an additional $25M in VC for minority-owned businesses. Shell boosts dividend by 15% and discloses a $5B share buyback. Airbus raises forecast for new and old aircraft deliveries. Boeing records 43% growth in May deliveries. Google's dominance in ad tech is under scrutiny by the EU. Disney delays Avatar, Marvel, and Star Wars releases. Pfizer warns of potential pediatric antibiotic shortage.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 1:47 pm