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Equity Actions

EYEN

Eyenovia Inc (NASDAQ:EYEN) stock is trading higher after a significant drop, with a session volume much higher than average. The company announced a share offering to raise approximately $5.14 million, which will be used for product commercialization, clinical studies, and potentially repaying loans. The stock price increased by 11.8% following this news.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:20 pm

FCEL

HDRO

HYDR

FuelCell Energy (NASDAQ:FCEL) shares are down 6.07% after receiving a CAD$5.9 million grant from Natural Resources Canada for projects using its electrolyzer technology to produce low-carbon synthetic fuels. The company is also considering a reverse stock split. Investors can gain exposure through ETFs like HDRO and HYDR.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:41 pm

AIRI

CYTH

OBLG

PTON

REVB

RZLV

U.S. stocks fell as initial jobless claims rose slightly more than expected. Peloton, Rezolve AI, and Air Industries saw significant stock gains due to positive news, while Revelation Biosciences, Cyclo Therapeutics, and Oblong experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 4:16 pm

ALVO

Alvotech shares declined following the announcement of a share offering by a selling shareholder, involving up to 1,789,087 shares.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:07 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) announced a $5 million registered direct offering of ordinary shares, causing its stock to trade lower. The offering involves 1,108,892 shares at $4.50 each, expected to close around August 23. The proceeds will be used for working capital and general corporate purposes. Despite a recent surge due to the WHO's declaration of a public health emergency, the stock is currently experiencing overbought conditions with an RSI of 78.71.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 3:12 pm

STRR

Star Equity Holdings has adopted a Rights Agreement to protect its tax benefits by preventing ownership changes. This includes a share dividend for stockholders as of August 19, 2024, allowing them to purchase a new series of preferred stock.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:31 pm

REVB

Revelation Biosciences shares declined following the company's announcement of an agreement to exercise 2.55 million warrants at $1.50 per share.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:31 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has announced the commencement of its previously authorized stock repurchase program, allowing the company to buy back up to $5 million in its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:31 pm

AIRI

MOBX

VRAX

Air Industries Group (AIRI) shares surged 78% after securing a $110 million contract for Thrust Struts production. Mobix Labs (MOBX) shares rose 165% following a positive Q3 financial report. Virax Biolabs (VRAX) shares fell 10% as the company announced a $5M stock offering.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:19 pm

OBLG

Oblong shares are trading lower following the announcement of a 1-for-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:11 pm