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Equity Actions

PLUG

Plug Power's shares are trading higher following the announcement of a conditional commitment for a loan guarantee up to $1.66 billion from the Department of Energy.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:12 pm

AMC

BB

GME

KOSS

XLY

XRT

GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) saw their stock prices surge by 147% and 121% respectively in pre-market trading, signaling a potential revival of the 2021 meme stock rally. This resurgence, driven by retail investors on platforms like Reddit, has reintroduced volatility into the market. AMC capitalized on this momentum by raising $250 million through an equity sale. Related stocks and ETFs, including BlackBerry Ltd. (BB), Koss Corporation (KOSS), SPDR S&P Retail ETF (XRT), and Consumer Discretionary Select Sector SPDR Fund (XLY), also experienced notable movements.

Portfolio Pulse from Mohit Manghnani

May 14, 2024 | 12:11 pm

FELE

Franklin Electric Co., Inc. has announced Joe Ruzynski as the new CEO, succeeding Gregg Sengstack, who will continue as Executive Chairperson. This leadership transition is part of the company's strategic planning.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:05 pm

GILD

XLO

Xilio Therapeutics reported Q1 cash and cash equivalents of $34M. The company received a $30M upfront payment from Gilead in April 2024 and raised approximately $14.6M through a private placement in April 2024. These funds are expected to extend Xilio's cash runway into Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:45 am

SCPX

Scorpius Holdings announced the pricing of its underwritten public offering of 60 million common and/or pre-funded units at $0.10 per unit, aiming to raise gross proceeds of approximately $6 million.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:34 am

SAIA

Saia Inc. has appointed a new Chief Financial Officer, Batteh, marking a significant leadership change within the company. This move could signal strategic shifts or a reinforcement of the company's current financial strategies.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:32 am

MBIN

Merchants Bancorp's stock is trading lower following the announcement of a 2.4 million share offering priced at $43 per share.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:09 am

OPTN

Optinose projects XHANCE net revenues for FY24 to be between $85M-$95M, with net revenue per prescription surpassing $230. Operating expenses are forecasted to be $95M-$101M, including $6M in stock-based compensation. The company anticipates positive GAAP income from operations for FY25.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:07 am

VIRX

Viracta Therapeutics has announced the appointment of Michael Faerm as its new Chief Financial Officer. This strategic move aims to strengthen the company's financial leadership as it progresses through its development phases.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:05 am

HYFM

Hydrofarm Holdings Group (HYFM) has reiterated its FY24 outlook, expecting net sales to decrease in the low to teens percentage terms. Despite the sales decline, the company anticipates positive adjusted EBITDA and free cash flow. Capital expenditures are projected to be around $4M-$5M.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:03 am