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ACON

FDX

Aclarion, Inc. (NASDAQ:ACON) shares surged by approximately 53% in pre-market trading due to the grant of a U.S. patent for an MR spectroscopy system to diagnose intervertebral discs related to severe low back pain. Other stocks experienced significant movement in pre-market trading, with various gainers and losers listed, including AEye, Inc. (NASDAQ:LIDR), Applied UV, Inc. (NASDAQ:AUVI), and FedEx Corporation (NYSE:FDX), which saw a pre-market decline after reporting weaker-than-expected earnings and lowering its full-year revenue outlook.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 1:31 pm

HYLN

Hyliion Holdings, a leader in electrified powertrain solutions for Class 8 commercial vehicles, has announced a $20 million stock repurchase program. This program reflects the company's confidence in its business and its commitment to delivering shareholder value. The repurchase plan is also a sign that the company believes its stock is undervalued. Stock repurchase programs typically indicate a company's strong financial position and a positive outlook, which can be a bullish signal to investors.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:30 pm

BYRN

B. Riley Securities analyst Jeff Van Sinderen has maintained a Buy rating on Byrna Technologies (NASDAQ:BYRN) and increased the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:29 pm

FDX

FedEx shares have declined following the release of the company's Q2 financial results, which fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:28 pm

AON

Aon plc (NYSE:AON) is acquiring NFP, a property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, for $13.4 billion, funded by $7 billion in cash and $6.4 billion in shares. The deal aims to expand Aon's middle-market segment presence and is expected to create over $2.8 billion in value. However, it will be dilutive to adjusted EPS in 2025, breakeven in 2026, and accretive in 2027. Aon's shares dropped by 5.112% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 1:25 pm

CFB

Keefe, Bruyette & Woods analyst Brady Gailey has maintained an Outperform rating on CrossFirst Bankshares (NASDAQ:CFB) and increased the price target from $15 to $17.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:21 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has entered into a term sheet to acquire operations, products, and IP of Micronet Ltd., aiming to expand its product line and customer base, particularly in the US market. The acquisition is expected to be immediately accretive to SaverOne upon closing in early 2024. The deal includes contingent payments based on the performance of the acquired operations and assumes Micronet's obligations towards its customers. SaverOne's CEO, Ori Gilboa, anticipates strong synergies and immediate revenue growth from the acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:19 pm

LCFY

Locafy Limited has regained compliance with Nasdaq's listing requirement, which may positively impact investor confidence and the company's stock price stability in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:15 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ:BNRG), a provider of Thermal Energy Storage systems, has regained compliance with Nasdaq's minimum bid price rule. The company's shares maintained a closing bid price of $1.00 or more for 10 consecutive business days, satisfying Nasdaq Listing Rule 5550(a)(2). Nasdaq has closed the prior bid price deficiency matter.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:13 pm

LIAN

LianBio (NASDAQ:LIAN) announced the resignation of CFO Yi Larson, effective December 19, 2023. Ehong (Maggie) Gu, VP and Head of Global Finance, has been appointed as the Interim CFO. The company expressed gratitude to Larson for her contributions and wished her success in future endeavors.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:12 pm