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Equity Actions

QSG

QuantaSing Group Limited (NASDAQ:QSG) shares are trading higher in the premarket session due to the announcement of a new $20 million share repurchase program. The company has already repurchased approximately 2.6 million ADSs for $11.5 million and holds $159.3 million in cash and short-term investments. The company expects Q4 revenues to increase by 8.7% to 12.3% year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 12:30 pm

CMND

MOLN

OSG

Market-Moving News for June 11th includes significant developments for Molecular Partners, QuantaSing Group Limited, and Clearmind Medicine. Molecular Partners announced the debut of their lead Raido-DARPin therapy candidate MP0712, QuantaSing Group Limited announced a share repurchase program, and Clearmind Medicine advanced its MEAI-based alcohol substitute beverage program.

Portfolio Pulse from ryanfaloona@benzinga.com

June 11, 2024 | 12:29 pm

VLD

Velo3D shares are trading lower after the company announced a 1-for-35 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:26 pm

CADL

Candel Therapeutics (NASDAQ:CADL) will join the Russell 3000 Index effective July 1, 2024, as part of the annual reconstitution of the Russell US Indexes.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:22 pm

RBOT

Vicarious Surgical shares are trading lower after the company announced a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:20 pm

CTGO

Contango ORE has announced the pricing of its public offering at $20.50 per unit, which includes common stock and warrants exercisable at $26.00 for 36 months.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:19 pm

ASO

CASY

ORCL

TWOU

YEXT

Key stocks to watch include Academy Sports (ASO), Yext (YEXT), Oracle (ORCL), 2U (TWOU), and Casey's General Stores (CASY). ASO and CASY are expected to report earnings, YEXT posted weaker-than-expected results and announced an acquisition, ORCL is set to release earnings, and TWOU disclosed a reverse stock split.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:17 pm

INCY

Incyte Corporation (NASDAQ:INCY) announced the preliminary results of its modified 'Dutch auction' tender offer to purchase up to $1.672 billion in value of its common stock. Approximately 29.8 million shares were tendered at or below the purchase price of $60.00 per share, with a preliminary proration factor of 93.4 percent.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:14 pm

ECOR

electroCore (ECOR) will join the Russell Microcap Index effective after the close on June 28.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:13 pm

CTGO

Contango Ore shares are trading lower following the announcement of a public offering of shares of its common stocks and accompanying warrants.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:11 pm