Streetbeat News

Regulatory

INO

Deep Track Capital, LP has reported a 9.99% stake in Inovio Pharmaceuticals (INO) as of April 16, 2024, according to a Form 13G filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:05 pm

KIND

Nextdoor Holdings, Inc. announced its Q1 revenue is expected to exceed and its adjusted EBITDA loss to be narrower than previously reported. These are preliminary estimates, subject to financial closing procedures and adjustments. Final results will be discussed in a Q&A webcast on May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:04 pm

SGD

Safe & Green Development Corp (SGD) received a notice from Nasdaq on April 25 regarding delisting or failure to satisfy continued listing rules, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:02 pm

FANG

Diamondback Energy, Inc. (NASDAQ:FANG) received stockholder approval for its proposed business combination with Endeavor Energy Resources, L.P., including an amendment to increase the authorized number of Diamondback common stock shares. The transaction is subject to customary closing conditions and regulatory approval under the Hart-Scott-Rodino Act.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:02 pm

DDC

DDC Enterprise Limited (NYSE:DDC), also known as DAYDAYCOOK, received a noncompliance notice from NYSE American for not meeting the stockholders' equity requirement of $2.0 million due to losses in recent fiscal years. The company has until May 23, 2024, to submit a compliance plan to regain compliance by October 23, 2025. Failure to submit or get the plan accepted may lead to delisting. DDC is working on providing a satisfactory plan.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:01 pm

GRTX

Galera Therapeutics has received a notice of allowance for its U.S. patent application 17/378,852, titled 'Pentaaza Macrocyclic Ring Complexes Possessing Oral Bioavailability,' aimed at reducing oral mucositis in head-and-neck cancer patients from chemoradiation.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:58 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have risen over 10% in the past five days, despite a more than 20% decline year-to-date. This comes ahead of its Q1 earnings report on April 29, with expectations of 1 cent per share and $555.997 million in revenue. The stock's recovery follows a drop in student loan-related companies after President Biden announced a $7.4 billion student debt cancellation. SoFi does not pay dividends but may engage in buyback programs, a factor for investors considering the stock's value.

Portfolio Pulse from Erica Kollmann

April 26, 2024 | 7:54 pm

SPY

TUR

The visit of the Turkish President to the U.S. has been postponed due to scheduling conflicts, but high-level dialogue between Turkey and the U.S. will continue, as stated by the Turkish Foreign Ministry Spokesperson.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:48 pm

BTI

MO

PM

SPY

The White House has announced that there is no specific timeline for the decision regarding the ban on menthol cigarettes. This delay affects major tobacco companies and could have implications for market movements, particularly for those invested in tobacco stocks.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:30 pm

DOGEUSD

Swing trader Picolas Cage criticizes meme coins as harmful to the cryptocurrency ecosystem, labeling them as 'pure ponzi' schemes that exploit less informed investors. He contrasts this with Dogecoin's previous success, which he views differently due to its origins and impact. Cage argues that meme coins create an unfair market dynamic, divert attention from genuine innovation, and pose risks to uninformed investors.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 7:28 pm