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ZJYL

Jin Medical International Ltd. received a notice from Nasdaq for non-compliance with Listing Rule 5550(a)(3) due to insufficient public holders. The company failed to present a compliance plan, leading Nasdaq to initiate delisting procedures. Trading suspension is stayed pending a hearing on March 14, 2024, where the company must prove its ability to comply with listing requirements. Jin Medical is reviewing options to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:06 pm

R

UNP

Union Pacific (NYSE:UNP) is distributing a dividend of $1.30 per share today, with an annualized yield of 2.37%. The company has shown a positive trend with an increase in dividend per share from $3.70 in 2019 to $5.08 in 2022, and earnings growth from $8.49 to $11.35 per share over the same period. This suggests strong financial health and potential for continued profit distribution to shareholders. Union Pacific's dividend yield is competitive within its industry, with Ryder System (NYSE:R) having a slightly higher yield at 2.43%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

SELF

UNIT

Global Self Storage (NASDAQ:SELF) is set to distribute a dividend of $0.07 per share on December 28, 2023, with an annualized yield of 6.33% for shareholders recorded before December 14, 2023. The company has shown a positive trend in dividend per share growth from $0.26 in 2019 to $0.28 in 2022, and earnings per share growth from $0.17 to $0.43 over the same period. This suggests a healthy financial status and potential for continued dividend payouts. Uniti Group (NASDAQ:UNIT) has a higher annualized dividend yield of 10.31% compared to Global Self Storage.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

IVR

RWT

Redwood Trust (NYSE:RWT) has announced a dividend payout of $0.16 per share with an annualized yield of 8.98%. The dividend has decreased from $0.23 in early 2021 to the current rate. Earnings per share have also declined from $1.51 in 2019 to $0.85 in 2022, indicating potential financial challenges. In comparison, Invesco Mortgage Capital (NYSE:IVR) has a higher annualized dividend yield of 16.70%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

BJDX

CING

CTSO

NVFY

ROI

SNES

U.S. stocks opened higher with the Dow Jones gaining over 50 points. Health care shares led gains, while energy shares declined. U.S. initial jobless claims rose to 218,000, above market estimates. Nova LifeStyle, Inc. (NVFY) surged 243%, Cingulate Inc. (CING) jumped 138% after FDA guidance for its ADHD product, and SenesTech, Inc. (SNES) rose 51% following an analyst's buy rating. Conversely, Cytosorbents Corporation (CTSO) fell 36%, Bluejay Diagnostics, Inc. (BJDX) dropped 31% after announcing a public offering, and RiskOn International, Inc. (ROI) declined 27% ahead of an AI platform announcement.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:03 pm

ALGO-USD

Algorand (CRYPTO: ALGO) has seen a price decrease of 3.4% in the last 24 hours, now at $0.22, despite a 7.0% increase over the past week. The trading volume rose by 7.0%, and the circulating supply increased by 0.33% to 8.00 billion coins. Algorand's market cap is currently ranked #50, valued at $1.78 billion.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:02 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) stock has surged over 110% in the past five days following substantial initial orders for its Evolve Soft Bait product and an exclusive distribution agreement with Hong Kong-based Fruit Tree Limited. Analyst Amit Dayal of HC Wainwright & Co. maintained a Buy rating but lowered the price target from $4 to $3.5. The stock's trading volume has significantly exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

December 28, 2023 | 3:02 pm

BSVUSD

Bitcoin SV (CRYPTO: BSV) has seen a significant increase of 48.17% in the last 24 hours, reaching a price of $92.98. Over the past week, BSV has gained 86.0%, rising from $49.09. Despite the recent surge, it is still well below its all-time high of $489.75. The trading volume for Bitcoin SV has increased by 554.0% over the past week, and the circulating supply has grown by 2.92% to 19.59 million coins, which is 93.29% of the maximum supply. Bitcoin SV's market cap is currently ranked #46 at $1.91 billion.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:01 pm

CBOE

Investor Business Daily's SwingTrader platform has reportedly purchased shares of Cboe Global Markets, indicating a potential positive sentiment or trading signal for the stock.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:00 pm

GS

Cryptocurrency hedge funds are experiencing a resurgence after a difficult 2022, with leaders like Pantera Capital, Chainview Capital, and Stoka Global LP reporting significant gains. The industry's recovery is notable despite the FTX collapse and the closure of numerous crypto hedge funds. The anticipation of U.S. approval for spot Bitcoin ETFs and macroeconomic factors contribute to the optimism for further growth. Pantera Capital is focusing on altcoins, while funds like Alt Tab Capital are gearing up for a potential bull run.

Portfolio Pulse from Murtuza Merchant

December 28, 2023 | 3:00 pm