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MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are stable on Monday after a significant rise on Friday, driven by Bitcoin's upward momentum. Bitcoin has seen a 7% increase over the past week, with substantial inflows into digital asset investment products. MicroStrategy is also gaining attention ahead of its earnings report and a 10-for-1 stock split. The company will report Q2 results on Aug. 1 and will enact the stock split by Aug. 8. MicroStrategy recently raised $800 million to acquire more Bitcoin, holding 226,331 Bitcoin as of June 20.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 3:01 pm

BLMZ

BloomZ Inc. (NASDAQ:BLMZ) is set to IPO on July 23 on the NASDAQ exchange with shares priced at $4.30 each. The insider lock-up period will last 180 days, ending on January 19, 2025. BloomZ Inc. is a Japanese company focused on audio production and voice actor management.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 3:00 pm

PGHL

Primega Group Holdings Limited (NASDAQ:PGHL) is set to IPO on July 23 on the NASDAQ exchange with shares priced between $4.00 and $6.00. The company operates in soil and rock transportation, diesel oil trading, and construction works in Hong Kong.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 3:00 pm

LEN

Goldman Sachs analyst Susan Maklari downgraded Lennar Corp (NYSE:LEN) from Buy to Neutral, reducing the price target from $180 to $174. Despite potential benefits from rate cuts and a focus on entry-level buyers, the stock's recent outperformance suggests it may remain range-bound in the near term. Lennar's proposed spinoff of land assets could impact its valuation over time.

Portfolio Pulse from Priya Nigam

July 22, 2024 | 2:28 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares are trading higher after a significant drop due to a $200 million common stock offering. Despite bearish analyst ratings, the stock is rebounding, likely due to broader market momentum.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:27 pm

NVNI

Nuvini Group has been added to the Russell Microcap Growth Index, Russell 3000E Index, Russell Microcap Growth Value Index, and Russell 3000E Value Index.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:15 pm

EHAB

AREX Capital Management, owning 4.9% of Enhabit, Inc. (NYSE:EHAB), urges stockholders to support changes to Enhabit's board at the upcoming annual meeting on July 25th. AREX emphasizes the need for industry-specific expertise and highlights recommendations from two leading proxy advisory firms for meaningful change.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:04 pm

RANI

Rani Therapeutics Holdings has announced a $10.0 million registered direct offering of 2.8 million shares and pre-funded warrants at a price of $3.08 per share.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:31 pm

RAPT

Rapt Therapeutics announced a workforce reduction of 47 people, approximately 40% of its existing headcount. The company estimates it will incur around $0.9 million in restructuring charges.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:05 pm

QXO

QXO has closed a $3.5 billion private placement and expects to have $5 billion in cash and no debt after a new $620 million private placement closes on July 25. Additionally, Jared Kushner has joined the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:03 pm