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NYAX

Nayax has announced a public offering of 3,130,435 ordinary shares at $26 per share. Of these, 2,130,435 shares are being offered by Nayax itself, while the remaining 1,000,000 shares are offered by key insiders including CEO Yair Nechmad, CTO David Ben-Avi, and board member Amir Nechmad. Nayax will not receive any proceeds from the shares sold by these insiders. The offering is set to close on March 12, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:59 am

APGE

Apogee Therapeutics has announced an upsized underwritten public offering of 6,774,193 common shares at $62 per share, aiming to raise approximately $420 million. The offering is set to close on March 12, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:52 am

RRR

Station Casinos LLC, a subsidiary of Red Rock Resorts, Inc. (NASDAQ:RRR), has priced its offering of $500M Senior Notes due 2032 at a 6.625% interest rate. The offering, initially set at $750M, is expected to close by March 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:00 am

RDNT

RadNet, Inc. (NASDAQ:RDNT) announced the pricing of its underwritten public offering of 4.55 million shares at $44 per share, expecting gross proceeds of approximately $200 million before expenses.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:44 am

DKL

Delek Logistics Partners, LP (DKL) has priced its public offering of 3,116,884 common units at $38.50 per unit. The offering includes an option for underwriters to purchase up to 467,532 additional units. Proceeds will be used to repay outstanding borrowings under its revolving credit agreement.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:41 am

SCPX

Scorpius has announced the pricing of its public offering of 10 million common shares at $0.15 per share.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:39 am

AAPL

GOOG

LLY

NVO

TSLA

Retail traders are shifting their investments from major tech stocks, including Tesla, Apple, and Google, to pharmaceutical companies like Eli Lilly and Novo Nordisk, as per a JPMorgan report. This trend reflects a broader market shift, with $1.4 billion in tech stocks sold off in the past week. Despite the AI frenzy, there's a growing interest in pharma stocks, indicating a potential end to the dominance of the 'Magnificent Seven' tech giants.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 5:22 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Goldman Sachs predicts S&P 500 companies will increase their share buybacks to $925 billion in 2024, a 13% YoY increase, and exceed $1 trillion in 2025. This surge is driven by the 'Magnificent Seven' tech giants: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, which contributed to 26% of S&P 500 buybacks in 2023. Despite a 14% decline in buybacks in 2023 due to various economic factors, expectations of strong earnings from these tech firms are anticipated to boost share repurchases.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 4:43 am

AMD

NVDA

Jim Cramer used a 'chip' analogy to highlight the growing wealth gap, contrasting investments in microchips like Nvidia's with the struggles of average consumers affording basic necessities. He noted the high returns on microchip investments, particularly for AI products, and the impact of the Federal Reserve's policies on tech stock prices. Advanced Micro Devices (AMD) faces export challenges, but Nvidia (NVDA) continues to excel, with caution advised for stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 1:36 am

HFBL

Home Federal Bancorp, Inc. of Louisiana (HFBL) announced it has received regulatory approval for a $10.0 million dividend from Home Federal Bank and has also been approved for a stock repurchase program. The dividend will be paid in four quarterly installments in 2024, and the repurchase program allows for up to 60,000 shares, or about 2.0% of the company's outstanding common stock, to be repurchased.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:03 pm