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Equity Actions

HPH

Puyi Inc. has officially changed its name to Highest Performances Holdings Inc., along with its ticker symbol from 'PUYI' to 'HPH'. The change follows shareholder approval of several resolutions, including amending the company's authorized share capital and exempting the company from holding an annual general meeting. The new structure includes 1,950,000,000 Ordinary Shares and 50,000,000 Preference Shares, with each Preference Share granting twenty votes.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:34 pm

TOUR

Tuniu Corporation's stock (TOUR) is trading higher following the announcement of its Q4 financial results and the approval of a share repurchase program valued at up to $10 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:25 pm

SOS

SOS shares are trading lower following the announcement of a $7.85 million public offering, indicating a potential dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:24 pm

WSM

Williams-Sonoma's stock is trading higher following the announcement of better-than-expected Q4 earnings, a new $1 billion stock repurchase authorization, and an increased quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

SOS

SOS announced a public offering priced at $7.85M, involving the sale of 5,233,332 ADSs and warrants for an additional 10,466,664 ADSs, with each ADS and warrant priced at $1.50. The warrants are exercisable immediately and expire in five years. The offering is expected to close by March 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:18 pm

EAF

GrafTech International Ltd. (NYSE:EAF) responded to Nilesh Undavia's open letter announcing his intent to nominate himself for election to GrafTech's Board of Directors at the 2024 Annual Meeting. GrafTech highlighted its Board's qualifications and commitment to strong governance, and plans to file preliminary materials for the Annual Meeting with the SEC soon.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:16 pm

BTCUSD

NYCB

This week, Jerome Powell's dovish stance before Congress, weaker job reports, all-time highs for Bitcoin and gold, rising gas and oil prices due to production cuts, and the investor bailout of New York Community Bank ($NYCB) were highlighted. Powell's willingness to lower rates before inflation hits 2% mirrors past mistakes, while job data suggests a weaker economy than reported. Bitcoin and gold reaching all-time highs indicate a search for stability amidst market volatility. Saudi Arabia and Russia's production cuts have pushed oil prices over $80. The $1 billion investment led by Steve Mnuchin in NYCB reflects ongoing concerns about the banking sector's stability.

Portfolio Pulse from Gary Brode

March 13, 2024 | 1:12 pm

WKC

World Kinect (WKC) anticipates generating $900M-$1.2B in total free cash flow over the next five years, aiming to return approximately 40% of this to shareholders via buybacks and dividends, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:11 pm

WKC

World Kinect (WKC) has set a target to achieve a 30% adjusted operating margin by 2026. Additionally, the company expects its adjusted EBITDA to grow between $480 million to $520 million by the same year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:11 pm

COIN

LYG

PAY

TOST

Four financial stocks, Paymentus Holdings (PAY), Toast (TOST), Coinbase Global (COIN), and Lloyds Banking Group (LYG), are considered overbought as of March 13, 2024, based on their RSI values. Recent financial performances and strategic moves have led to significant stock price increases for these companies, pushing their RSIs into the overbought territory.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:05 pm