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Equity Actions

SMCI

WBA

Super Micro Computer (SMCI) is a potential candidate to join the Nasdaq 100, while Walgreens Boots Alliance (WBA) might be dropped from the index.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:14 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down over 20% in the past five days. The company announced a 1-for-20 reverse stock split to meet NYSE's minimum bid price requirement. The stock is trading below its 50-day moving average and hit a new 52-week low. Analysts have mixed ratings with an average 12-month price target of $1.67.

Portfolio Pulse from Erica Kollmann

June 14, 2024 | 3:13 pm

MSTR

MicroStrategy shares are trading higher following the pricing of its $700 million convertible debt offering.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:11 pm

FORD

Forward Industries, Inc. (NASDAQ:FORD) announced a 1-for-10 reverse stock split effective June 18, 2024. The stock will trade on a split-adjusted basis under the same symbol 'FORD' starting that day.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:00 pm

PDCO

Patterson Companies, Inc. (NASDAQ:PDCO) is set to release its fiscal 2024 Q4 financial results on Tuesday. Analysts expect a slight decline in earnings per share and revenue compared to the previous year. The company recently approved a $500 million stock buyback and declared a quarterly dividend. Analysts have mixed ratings on the stock, with recent downgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:46 pm

TEM

Trading halt status was updated at 10:10:00 AM ET for an IPO security, which has now been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:10 pm

SPMC

Sound Point Meridian Capital (SPMC) opened at $19.50 per share, slightly below its IPO price of $20.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:08 pm

VXRT

Vaxart, Inc. (NASDAQ: VXRT) has secured a $453 million project award from BARDA to fund a Phase 2b study of its oral COVID-19 vaccine. Additionally, Vaxart announced an equity offering to raise $40 million. Despite initial premarket gains, VXRT shares are trading lower by 7.68%.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2024 | 2:06 pm

KAVL

Kaival Brands Innovations Group announced a $5 million offering of 3,012,048 units at $1.66 per unit, as disclosed in an SEC filing on June 13.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:57 pm

ARM

Arm Holdings shares are trading higher following the announcement that the company will join the Nasdaq-100 Index starting June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:48 pm