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Equity Actions

SINT

SiNtx Technologies shares are trading lower after the company announced a 1-for-200 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:15 pm

BOW

Bowhead Specialty (BOW) opened at $23 in its IPO, which was priced at $17.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

NYXH

Nyxoah shares are trading lower following the announcement of a $50 million public offering, pricing 5,374,755 shares at $9.25 per share.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:37 pm

BNZI

Banzai shares are trading lower following the announcement of a $2.5 million public offering.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:26 pm

JAGX

Jaguar Health, Inc. (NASDAQ:JAGX) shares are trading lower after a 1-for-60 reverse stock split and worse-than-expected first-quarter results. The stock has dropped over 65% in the past five days and is down 85.09% year to date. The company focuses on developing plant-based, non-opioid prescription medicines for GI distress.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:23 pm

KDLY

KindlyMD (NASDAQ:KDLY) is set to IPO on May 24, 2024, with shares priced at $5.50 each. The company focuses on holistic pain management and reducing opioid dependency.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:00 pm

BE

Bloom Energy Corp (NYSE:BE) shares are down 3.29% to $16.44 after announcing a $250 million private offering of green convertible senior notes due 2029. The proceeds will be used to repurchase existing notes and for general corporate purposes. The stock has risen 74.07% over the past month but is currently overbought with an RSI of 90.28.

Portfolio Pulse from Henry Khederian

May 23, 2024 | 2:52 pm

CYTK

Cytokinetics, Inc. (NASDAQ:CYTK) shares fell by 17.6% to $48.83 after announcing a public offering of 9,803,922 shares at $51.00 per share, aiming to raise approximately $500 million. The offering is expected to close on May 28, 2024, with J.P. Morgan, Goldman Sachs, and Morgan Stanley managing it.

Portfolio Pulse from Henry Khederian

May 23, 2024 | 2:42 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) shares are trading slightly lower after a significant drop on Wednesday due to the resignation of its chief product officer, Sun Choe. The company announced an updated operational structure and several analysts have lowered their price targets for the stock.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 2:34 pm

DD

DuPont Inc. (NYSE:DD) announced plans to split into three distinct publicly traded entities: New DuPont, Electronics, and Water. The separation aims to unlock shareholder value and is expected to be tax-free for U.S. shareholders. The process should be completed within 18 to 24 months, subject to regulatory approvals.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 2:11 pm