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Stock Prices

UCAR

U Power Ltd (NASDAQ:UCAR), a Chinese vehicle services company, is issuing 10 million units at $1.20 each to raise $12 million. The offering includes shares and warrants, aiming to fund acquisitions of battery swapping companies and meet general corporate needs. The offering is set to close around December 6. UCAR's 52-week range is between $0.65 and $75.00.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 4:24 pm

SLG

SL Green Realty Corp (NYSE:SLG) shares rose approximately 7% following the announcement of a deal to sell its ownership stake in 625 Madison Avenue for $632.5 million. The sale to a global real estate investor values the property at $1,123 per square foot. SL Green plans to use the net proceeds to repay corporate debt and will also originate a $234.5 million preferred equity investment in the property. Truist Securities reaffirmed a Buy rating on SLG and increased its price target to $42 from $41. SLG's stock price increased to $43.08.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 4:23 pm

IMAQ

International Media Acquisition Corp. (IMAQ) received a notice from Nasdaq for not complying with Listing Rule 5250(c)(1) due to the delayed filing of its Q3 2023 Form 10-Q. The company has 60 days to file the report or submit a compliance plan, with a possible extension of up to 180 days. IMAQ is working to file the report promptly to regain compliance. The notice does not immediately affect IMAQ's Nasdaq listing or trading.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

UCAR

U Power shares have declined following the announcement of the pricing for its registered follow-on offering. This typically indicates the company is seeking to raise additional capital, which can dilute existing shareholders' equity and often leads to a short-term decrease in share price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

ONCT

Brookline Capital analyst Kemp Dolliver has upgraded Oncternal Therapeutics (NASDAQ:ONCT) from Hold to Buy and set a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:23 pm

NFLX

VZ

WBD

Verizon Communications Inc (VZ) has announced a new streaming bundle partnership with Netflix, Inc (NFLX) and Warner Bros. Discovery, Inc (WBD) Max, offering ad-supported services for $10 monthly, exclusively for Verizon's myPlan customers. The deal, starting December 7, provides over 40% savings and is part of ten $10 monthly perks within myPlan. Verizon's Q3 FY23 sales declined by 2.6% year-on-year, but beat consensus estimates. VZ shares dropped by 1.00% recently.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:22 pm

ATHE

Alterity Therapeutics' stock price has increased following the announcement of positive efficacy data for its drug ATH434 in a primate model of Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:17 pm

SWAV

Morgan Stanley analyst Patrick Wood has maintained an Overweight rating on ShockWave Medical (NASDAQ:SWAV) but reduced the price target from $284 to $223.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:12 pm

TWLO

Twilio Inc (NYSE:TWLO) announced a workforce reduction of 5%, expecting to incur $25 million - $35 million in charges, mainly in Q4 2023. The company reaffirmed its Q4 revenue forecast of $1.03 billion - $1.04 billion and adjusted EPS of 53 - 57 cents. Twilio is streamlining its Communications business and revising its approach for Flex and Segment due to below-expectation growth in TD&A. Twilio Flex will now be reported under the Twilio Communications segment. The company is discontinuing Twilio Programmable Video as a standalone product to focus on core offerings like Messaging, Voice, and Email. CEO Jeff Lawson is optimistic about the company's direction, emphasizing opportunities in CustomerAI. Anson Funds recently acquired a stake in Twilio and is pushing for its sale. TWLO shares dropped by 0.85% to $66.19.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:11 pm

BRK-A

BRK-B

NU

SPY

Warren Buffett, known for his value investing strategy, has been a vocal critic of Bitcoin, referring to it as 'rat poison squared' in 2018. Despite his skepticism, Bitcoin has significantly outperformed Berkshire Hathaway and the S&P 500 since then. An investment of $1,000 in Bitcoin on the day of Buffett's comment would now be worth $4,180.80, a 318.1% return, compared to Berkshire's 84.3% and the S&P 500's 71.1% over the same period. Buffett's company, Berkshire Hathaway, indirectly has exposure to Bitcoin through its shares in Nu Holdings, a crypto-friendly Latin American digital bank.

Portfolio Pulse from Chris Katje

December 04, 2023 | 4:10 pm