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Stock Prices

TPX

Keybanc analyst Bradley Thomas has maintained an Overweight rating on Tempur Sealy Intl (NYSE:TPX) and increased the price target from $48 to $56, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:18 am

DIN

Keybanc analyst Eric Gonzalez has maintained an Overweight rating on Dine Brands Global (NYSE:DIN) and increased the price target from $55 to $57.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:11 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for December remained unchanged at 44.2, which is in line with the previous month's figure but below the estimated 44.6.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:00 am

GM

General Motors Co. (NYSE:GM) is laying off over 1,300 employees due to the end of production for the Chevrolet Camaro and Bolt at two Michigan plants. The Lake Orion plant will lay off 945 workers and retool for electric truck production, while the Lansing Grand River plant will lay off 369 workers but continue producing Cadillac models. The Bolt EV and EUV are GM's best-selling EVs, contributing significantly to last quarter's sales. GM withdrew its EV production targets during the third-quarter earnings call without setting new ones.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 8:21 am

ARBK

Argo Blockchain plc (NASDAQ: ARBK), a cryptocurrency mining company, has issued 1,638,305 new ordinary shares as part of the terms for previously granted Restricted Share Units. These shares will be on par with existing shares and are expected to be admitted to the London Stock Exchange's Main Market for trading on December 20.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:57 am

SNDX

Syndax Pharmaceuticals has priced a public offering of 10,810,810 common shares at $18.50 per share, aiming to raise $200 million. The offering is anticipated to close on December 19, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:31 am

EOSE

Eos Energy Enterprises has priced a public offering of 34,482,759 common shares and accompanying warrants at $1.45 per share. The warrants have an exercise price of $1.60, are exercisable immediately, and expire in five years. Eos aims to raise $50 million in gross proceeds before underwriting discounts and expenses. The offering is set to close around December 19, 2023, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:16 am

CHEK

Check-Cap Ltd. (CHEK) announced that the Israeli court has rejected all claims made by Symetryx against the company, including those related to alleged conflicts of interest of Check-Cap's Board of Directors in the Keystone business combination. The court also ordered Symetryx to pay Check-Cap's legal expenses. Check-Cap is addressing false statements made by Symetryx in a press release, clarifying that board member Yuval Yanai has no affiliation with Minerva Surgical and Exalenz Biosciences, contrary to Symetryx's claims.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:08 am

NLTX

Neoleukin Therapeutics has announced a 1-for-4 reverse stock split, set to take effect at 12:02 a.m. Eastern Time on December 18, 2023. This action is typically taken by companies aiming to boost their stock price by reducing the number of shares outstanding, which may help them meet exchange listing requirements or appear more financially stable.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:02 am

COST

DRI

LEN

RCAT

SCHL

U.S. stock futures are trading higher, with investor focus on Darden Restaurants (DRI), Costco (COST), Lennar (LEN), Scholastic (SCHL), and Red Cat Holdings (RCAT). DRI is expected to report earnings before the bell, COST announced a special dividend following upbeat earnings, LEN reported better-than-expected earnings but saw a share drop, SCHL reported weaker results and approved share repurchases, and RCAT is expected to post a loss but saw shares gain after-hours.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 6:58 am