Streetbeat News

Stock Prices

CKPT

Checkpoint Therapeutics Inc (CKPT) stock plummeted by 52.7% after receiving a complete response letter (CRL) from the FDA, which highlighted issues with a third-party manufacturer's inspection for their skin cancer treatment, cosibelimab. The CRL did not raise concerns about the treatment's effectiveness or safety. Checkpoint is optimistic about addressing the FDA's concerns and plans to launch cosibelimab in 2024.

Portfolio Pulse from Henry Khederian

December 18, 2023 | 2:48 pm

ILMN

Carl Icahn has issued an open letter to Illumina, Inc. shareholders, outlining his campaign's goals and achievements, including the removal of the former Chairman and CEO, and pushing for the divestiture of GRAIL. He criticizes the legacy directors for their decision-making and the significant decline in Illumina's share price. Icahn expresses concern over the directors' conflicts of interest and their handling of the GRAIL acquisition, which faced legal challenges and led to substantial financial losses. He urges the removal of these directors to restore Illumina's former success and has filed a lawsuit for disclosure of key information before the upcoming annual meeting.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:47 pm

YQ

17 Education & Technology Group Inc (NASDAQ:YQ) stock is trading lower at $1.56 after announcing a change in the ratio of its ADSs to Class A ordinary shares from 1:10 to 1:50, effectively a one-for-five reverse ADS split. Fractional ADSs will not be issued; instead, they will be sold and proceeds distributed to holders.

Portfolio Pulse from Henry Khederian

December 18, 2023 | 2:46 pm

EXG

Eaton Vance Tax-Mgd Glbl (NYSE:EXG) will go ex-dividend on Thursday, with the last chance for investors to receive the next dividend payout being Wednesday. The company will pay a monthly dividend of 5.53 cents per share, and the stock is expected to open 5.53 cents lower on the ex-dividend date. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on December 29, 2023.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:46 pm

HFRO

Highland Opportunities (NYSE:HFRO) announced a monthly dividend of 7.7 cents per share. Shareholders must own the stock before the ex-dividend date on Thursday to be eligible for the dividend. The stock is expected to open 7.7 cents lower on the ex-dividend date to reflect the payout. The dividend will be paid on December 29, 2023.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

BYD

Boyd Gaming (NYSE:BYD) has announced a quarterly dividend of 16 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on January 15, 2024. The stock is expected to open 16 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

INSI

Insight Select Income (NYSE:INSI) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on December 27, 2023. The stock is expected to open 20 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

FMN

Wednesday is the last day for investors to buy Federated Hermes Premier (NYSE:FMN) shares to be eligible for the monthly dividend payout of 3.5 cents per share. FMN will go ex-dividend on Thursday, meaning its stock price will likely open 3.5 cents lower to reflect the payout. Shareholders owning the stock by Wednesday's close will receive the dividend on January 02, 2024.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

ALEX

Alexander & Baldwin (NYSE:ALEX) announced a quarterly dividend of 22.25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning ALEX stock by the end of Wednesday are eligible for the dividend, to be paid on January 8, 2024. The stock is expected to open lower on the ex-dividend date by the dividend amount.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm

IRMD

iRadimed (NASDAQ:IRMD) has announced a quarterly dividend of 15 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 15 cents lower. The dividend is scheduled to be paid on January 12, 2024.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:45 pm