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Equity Actions

WHLR

Wheeler Real Estate Investment Trust (WHLR) shares are trading lower after the company amended its reverse stock split ratio from 1-for-6 to 1-for-5.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:36 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are plummeting after the company announced a 1-for-30 reverse stock split, effective June 24. The stock has dropped over 30% in the past month and hit an all-time low of 25 cents. Analysts have a 12-month price target of $1, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 3:00 pm

OSTX

OS Therapies Incorporated (NYSE:OSTX) is set to IPO on June 21 on the NYSE, offering shares at $4.00 each. The insider lock-up period will last 180 days, ending on December 18, 2024. The company focuses on treatments for Osteosarcoma and other solid tumors.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:00 pm

NKLA

Nikola shares are trading lower after the company announced a 1-for-30 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:47 pm

BTTR

Better Choice Company has settled litigation with Alphia, retired $5M in senior secured debt and $0.4M in accrued interest, and retired 335,640 warrants with an $11.44 strike price. The company also entered an agreement to eliminate $5M of other indebtedness with potential $2.7M savings if paid within 90 days.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:21 pm

MSFT

NVDA

Nvidia has overtaken Microsoft and Apple to become the world's most valuable publicly traded company, with a market cap of $3.33 trillion. Nvidia's recent 10-to-1 stock split has made its shares more accessible, driving its valuation higher. Despite this, Microsoft has shown strong performance with an 18% increase year-to-date and potential for further growth.

Portfolio Pulse from Zaheer Anwari

June 20, 2024 | 2:19 pm

GRDI

MBIO

MGOL

NLSP

RELI

SONN

U.S. stocks traded mixed with the Dow down 0.10%, NASDAQ up 0.16%, and S&P 500 up 0.12%. The U.S. current account deficit widened to $237.6 billion in Q1. Financial shares rose 0.6%, while communication services fell 0.8%. MGO Global, Griid Infrastructure, and Reliance Global Group saw significant stock price increases, while Mustang Bio, NLS Pharmaceutics, and Sonnet BioTherapeutics experienced declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 1:42 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower after the SEC declared effective the company’s registration statement on Form S-1 related to the resale of shares and warrants. The registration allows for the issuance of up to 14.4 million common shares and the resale of 146.1 million shares, including 78.8 million held by Trump. The company may receive up to $247 million if all warrants are exercised for cash.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 1:26 pm

MBIO

Mustang Bio has announced a registered direct offering and a concurrent private placement involving the issuance and sale of 6.13 million shares of common stock at $0.41 per share. Additionally, 6.13 million unregistered warrants will be issued in the private placement. The offering is expected to close on or about June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:57 pm

FSUMF

Fortescue Metals Group (OTCQX:FSUMF) is facing significant challenges, including falling iron ore prices, executive turnover, infrastructure issues, and declining investor confidence. The company's stock has declined over 25% year-to-date, and major shareholder Capital Group has sold a substantial portion of its shares.

Portfolio Pulse from Stjepan Kalinic

June 20, 2024 | 12:43 pm