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ALZN

Alzamend Neuro's stock price increased following the announcement of a Securities Purchase Agreement with an institutional investor. This agreement likely involves the sale of company securities to raise funds, which investors may interpret as a positive development for Alzamend's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:47 am

OPTN

Optinose announced a $55 million registered direct offering, expecting its post-offering cash balance to be around $100 million. This funding is anticipated to support the company's operating plan through 2025.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:44 am

NSC

Activist investor Ancora is reportedly set to win some board seats at Norfolk Southern, according to sources cited by Reuters. This development could signal a shift in the company's strategic direction or operational focus, influenced by the activist investor's agenda.

Portfolio Pulse from Charles Gross

May 09, 2024 | 11:39 am

ALZN

Alzamend Neuro has announced an agreement for a registered direct offering and concurrent private placement aiming to raise up to $25M. This strategic financial move is designed to provide the company with additional capital to fund its operations and development projects.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:30 am

XFOR

X4 Pharmaceuticals has secured a $125M capital infusion through a $105M sale of a Priority Review Voucher and a $20M drawdown from an existing loan facility, extending its cash runway into late 2025.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:24 am

LVLU

Lulu's Fashion Lounge shares surged following the announcement of positive Q1 financial results and the authorization of a share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:16 am

PLNT

Planet Fitness has revised its FY24 growth expectations downward across several financial metrics, including revenue, adjusted EBITDA, adjusted net income, and adjusted net income per share, diluted. The company now anticipates revenue growth of 4%-6%, adjusted EBITDA growth of 7%-9%, adjusted net income growth of 6%-8%, and adjusted net income per share growth of 7%-9%, all of which are lower than its previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:54 am

PLTK

Playtika's Board of Directors has authorized a new stock repurchase program, allowing the company to buy back up to $150 million of its shares. This move is aimed at returning value to shareholders and potentially increasing the stock's value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:40 am

EPAM

EPAM Systems has revised its FY24 revenue forecast to $4.575B-$4.675B, down from the previous $4.74B-$4.88B, against a $4.81B estimate. The adjusted EPS forecast is now $10.00-$10.30, slightly adjusted from $10.00-$10.40, compared to a $10.18 estimate. This revision reflects a year-over-year revenue decline of 1.4% at the midpoint, with an organic constant currency basis decline of about 2.0%, excluding the impact from exiting Russia. The company also adjusted its GAAP and non-GAAP income from operations and expects a GAAP effective tax rate of 20% and a non-GAAP rate of 24%. GAAP diluted EPS is expected to be $7.34-$7.64, with non-GAAP diluted EPS at $10.00-$10.30.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:14 am

AHH

Armada Hoffler Properties (AHH) has reiterated its FY2024 Normalized FFO guidance range of $1.21 to $1.27 per diluted share, aligning with previous forecasts. The company updated its full-year guidance assumptions, including Portfolio NOI, Construction Segment Gross Profit, G&A Expenses, Interest Income, and Adjusted Interest Expense. Further details will be provided in today's webcast and conference call.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:07 am