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Equity Actions

GRWG

GrowGeneration Corp. (NASDAQ:GRWG) has announced a share repurchase program authorizing up to $6 million of its outstanding common stock. This move is part of the company's strategy to enhance shareholder value, reflecting confidence in its business and belief that its shares are undervalued. The program starts on April 1 and may last up to a year, with repurchases depending on market conditions and other factors.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:05 pm

CENX

Century Aluminum Company (CENX) is set to negotiate for up to $500 million in funding from the U.S. Department of Energy for a new aluminum smelter, marking the first new U.S. primary aluminum smelter in 45 years. This project, part of the Industrial Demonstrations Program, aims to decarbonize energy-intensive industries, strengthen local economies, create jobs, and reduce greenhouse gas emissions. It is expected to double the size of the current U.S. primary aluminum industry and create over 6,500 jobs. CENX shares rose 3.03% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 12:03 pm

PIK

Kidpik Corp. (NASDAQ:PIK), an online clothing subscription-based e-commerce company, has regained compliance with the Nasdaq Minimum Bid Price Requirement. This was achieved after a 1-for-5 reverse stock split of its outstanding stock, resulting in the closing bid price of Kidpik's common stock being at or above $1.00 per share for 10 consecutive days.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:03 pm

BA

Boeing has announced significant leadership changes: CEO Dave Calhoun will step down at the end of 2024, Board Chair Larry Kellner will not stand for re-election, and Boeing Commercial Airplanes President and CEO Stan Deal will retire from the company.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:02 pm

LCID

Lucid Group has announced a significant $1 billion investment from a Public Investment Fund (PIF) affiliate, marking a substantial financial infusion into the electric vehicle manufacturer.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:02 pm

BABA

BILI

ONLN

PGJ

XPEV

Alibaba Group Holding Ltd (NYSE:BABA) is pausing operations of its Ling Shou Tong platform to adjust its business strategy, focusing on AI and core retail and technology sectors. Despite this, LST is not shutting down or merging with another platform. Alibaba sold $360 million of Bilibili Inc (NASDAQ:BILI) shares and reduced stakes in other companies, reallocating resources towards AI. It plans to launch a new processor to counteract U.S. export controls on chip technologies. Alibaba's stock has declined over 16% in the past year, but can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:01 pm

CNC

Five analysts have recently updated their ratings on Centene (NYSE:CNC), showing a mix of sentiments but overall a slight positive shift with an increase in the average 12-month price target to $91.00 from $89.00. The ratings range from 'Equal-Weight' to 'Overweight', with price target adjustments reflecting analysts' reactions to market conditions and Centene's performance. Centene, a managed-care organization, has shown notable revenue growth and financial health, outperforming industry averages in net margin, ROE, and ROA, despite a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 12:00 pm

UL

Bloomberg reported that Unilever's CEO hinted the Netherlands might win the battle for the listing of its ice cream division. This development could influence Unilever's strategic decisions and market positioning.

Portfolio Pulse from Charles Gross

March 25, 2024 | 11:52 am

HNRG

Hallador Energy Company (NASDAQ:HNRG) announced Marjorie Hargrave as the new CFO effective April 10, 2024, succeeding Lawrence D. Martin. Hargrave brings extensive financial experience from various industries, including roles at Xcel Energy and Black Hills Corporation.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:39 am

DIS

Blackwells Capital criticizes Nelson Peltz's candidacy for Disney's board, advocating instead for their own nominees Jessica Schell, Craig Hatkoff, and Leah Solivan. They encourage Disney shareholders to vote using the Green Proxy Card.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:33 am