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SINT

SINTX Technologies shares are trading lower following the announcement of a 1-for-200 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:17 pm

LUCY

Innovative Eyewear shares are trading lower following the announcement of a $2.5 million registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:51 pm

LUCY

Innovative Eyewear, Inc. (NASDAQ:LUCY) has announced a direct offering of 5,263,161 shares of common stock at $0.475 per share, along with unregistered warrants for the same number of shares at the same price. The offering is expected to close by May 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:44 pm

MSTR

SMCI

MicroStrategy Inc (NASDAQ:MSTR) is set to join the Russell 1000 Index, marking its transition from a small-cap to a large-cap stock. This inclusion, along with its recent rally and strategic developments, has set a bullish tone for MicroStrategy stock. The company is also making strides in blockchain technology with the development of the 'Orange protocol' for decentralized identification on the Bitcoin blockchain. Technical indicators and analyst expectations suggest a favorable outlook for the stock.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:17 pm

CVX

HES

Hess Corporation has initiated a shareholder meeting to vote on Chevron's buyout offer. The buyout requires a majority vote from the 308 million outstanding Hess shares to pass. If there are not enough favorable votes, the meeting can be adjourned to solicit more ballots.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:04 pm

BZFD

BuzzFeed Inc (NASDAQ:BZFD) shares are trading higher after Vivek Ramaswamy, a former 2024 presidential candidate, wrote a letter to BuzzFeed’s board and revealed an increased stake in the company. Ramaswamy now holds an 8.37% stake and is advocating for significant strategic changes to improve the company's performance.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 6:02 pm

ARM

GME

MRNA

NVDA

SOXX

TLT

US stocks showed mixed performance as Nvidia and other chipmakers surged, while Moderna tumbled and GameStop spiked. Treasury yields rose, impacting bond ETFs negatively.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 5:47 pm

BZFD

BuzzFeed shares are trading higher after Vivek Ramaswamy disclosed a 7.7% stake in the company last week. Ramaswamy issued a letter to the board on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:02 pm

SSNT

SilverSun Technologies shares are trading higher following the announcement of a conditional cash dividend, contingent on the successful closing of a $1 billion investment from Jacobs Private Equity II.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:46 pm

SSNT

SilverSun Technologies announced a conditional cash dividend contingent on the successful closing of a $1 billion equity investment. The dividend is expected to be approximately $26.19 per share post-split, or $3.27 per share pre-split.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:41 pm