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DAL

UAL

Airline stocks are trading higher due to a drop in oil prices after OPEC+ postponed its meeting to Nov. 30. The positive movement is also supported by expectations for the upcoming holiday travel season.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:59 pm

BABA

Jack Ma, founder of Alibaba, has postponed his plans to reduce his stake in the company due to a decline in share price. Despite intentions to sell 10 million shares valued at approximately $870 million, Ma has not sold any shares, as confirmed by Alibaba's Chief People Officer Jane Jiang. Alibaba's stock is perceived to be undervalued, and the company recently decided against spinning off its cloud computing business, which led to a 9% drop in shares. The company has undergone significant changes this year, including a reorganization into six business groups and a CEO change.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:57 pm

OVV

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Ovintiv (NYSE:OVV) and reduced the price target from $51 to $49.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:56 pm

OPAL

Opal Fuels has decided to delay the completion of pending ITC sales transactions, citing the need for clarification on certain issues. As a result of this delay, the company is removing the anticipated ITC proceeds from its fiscal year adjusted EBITDA guidance, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:55 pm

CHMI

CIO

FSP

GPMT

HASI

OPI

OUT

SAFE

UNIT

Three REIT subsectors have outperformed others in the past month due to a tame CPI report and a pause in Federal Reserve interest rate hikes. Mortgage REITs (mREITs), specialized REITs, and office REITs are leading, with companies like Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI), Cherry Hill Mortgage Investment Corp. (CHMI), and Granite Point Mortgage Trust Inc. (GPMT) showing significant gains. Specialized REITs such as Outfront Media Inc. (OUT), Uniti Group Inc. (UNIT), and Safehold Inc. (SAFE) have also performed well, along with office REITs including Franklin Street Properties Corp. (FSP), City Office REIT Inc. (CIO), and Office Properties Income Trust (OPI).

Portfolio Pulse from Ethan Roberts

November 22, 2023 | 2:54 pm

FRLN

Syncona Ltd has agreed to acquire Freeline Therapeutics Holdings plc (NASDAQ:FRLN) for approximately $28.3 million, or $6.50 per ADS, a 51% premium over the pre-announcement closing price. The acquisition is expected to close in Q1 2024, and Freeline will become a wholly owned Syncona portfolio company, delisting from Nasdaq. Syncona will also provide up to $15 million in convertible debt financing to support Freeline's operations and FLT201 development. Freeline's shares rose 11.3% to $6.43 after the announcement.

Portfolio Pulse from Vandana Singh

November 22, 2023 | 2:49 pm

SOL

Northland Capital Markets analyst Donovan Schafer downgraded Emeren Group (NYSE:SOL) from Outperform to Market Perform and reduced the price target from $6 to $3.2.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:47 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on December 8, 2023. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:45 pm

HVT

Haverty Furniture Cos (NYSE:HVT) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Monday. Shareholders owning HVT stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 13, 2023. The stock is expected to open 30 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:45 pm

ARMK

Aramark (NYSE:ARMK) has announced a quarterly dividend of 9.5 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on December 8, 2023. The stock is expected to open 9.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:45 pm