Streetbeat News

Equity Actions

AONC

American Oncology Network (NASDAQ:AONC) announced its decision to voluntarily delist its Class A common stock and warrants from Nasdaq. The last trading day is expected to be on or about June 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:32 pm

LUXH

LuxUrban Hotels Inc (NASDAQ:LUXH) shares dropped by 41.6% to $0.26 after announcing a public offering of 30.50 million common shares at $0.25 per share. The offering, managed by Roth Capital Partners and Alexander Capital, L.P., is expected to close around May 23. Proceeds will be used for working capital and general corporate purposes. LUXH shares have decreased by 92.73% over the past year and have an RSI of 27.64, indicating oversold conditions.

Portfolio Pulse from Henry Khederian

May 21, 2024 | 5:54 pm

F

PEP

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher after the company increased its 72-month loan rate in the U.S. from 0.99% to 1.99%. Additionally, Tesla is set to deliver 50 more Semi trucks to PepsiCo Inc (NASDAQ:PEP), and PepsiCo plans to expand its fleet with Tesla and Ford Motor Co (NYSE:F) electric vehicles. Meanwhile, a group of Tesla shareholders is urging investors to vote against Elon Musk’s $56 billion pay package at the upcoming annual shareholder meeting.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 5:51 pm

PLCE

The Children's Place, Inc. (NASDAQ:PLCE) announced that President and CEO Jane Elfers will depart, and Muhammad Umair will be appointed as the new President and Interim CEO, effective May 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:46 pm

CTNT

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares are experiencing significant volatility. After a 36% rise on Monday, the stock soared in after-hours trading but is now plummeting on Tuesday with heavy trading volume. The stock was halted on a circuit breaker due to the downside. Last week, the company closed a follow-on offering of 13.21 million shares at 62 cents each, raising $8.19 million for working capital and logistics development. Analysts have a 12-month price target of $4, but the stock is down 35.24% year-to-date.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 4:43 pm

PANW

PTON

TSLA

Palo Alto Networks (PANW) saw a decline in its stock price following its Q3 earnings report. Peloton (PTON) experienced a drop due to a convertible notes offering. Meanwhile, Tesla (TSLA) saw an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:35 pm

LRCX

Lam Research Corp (NASDAQ:LRCX) shares are trading higher after the company announced a $10 billion share repurchase program and a 10-for-1 stock split. The buyback program has no expiration date and can be paused or terminated at any time. The stock split will take effect on Oct. 2, with post-split trading beginning on Oct. 3.

Portfolio Pulse from Dylan Berman

May 21, 2024 | 4:28 pm

GHSI

Guardion Health Sciences shares are trading higher after the company announced its largest stockholder voted in favor of the proposal to approve the sale of its Viactiv brand and business and its Plan of Liquidation and Dissolution.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:21 pm

GTBP

GT Biopharma shares are trading lower following the announcement of a $3.2 million registered direct offering of 740,000 shares of common stock at $4.35 per share.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:14 pm

GTBP

GT Biopharma (NASDAQ:GTBP) announced a direct offering of 740,000 shares at $4.35 per share, along with warrants for an additional 740,000 shares. The company expects to raise approximately $3.2 million before fees and plans to use the proceeds for general corporate purposes. The stock initially rose but then turned negative, down 22.1% at $6.07.

Portfolio Pulse from Dylan Berman

May 21, 2024 | 3:59 pm