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BP

BP p.l.c. (NYSE:BP) shares fell by 1.28% following the announcement of the start-up of oil production from the new Azeri Central East (ACE) platform in the Azerbaijan sector of the Caspian Sea. The ACE platform, part of the Azeri-Chirag-Gunashli (ACG) field development, is designed to handle up to 100,000 barrels of oil per day, with an estimated lifetime production of up to 300 million barrels. Initial production has begun, with expectations to reach approximately 24,000 bpd through 2024 as additional wells are activated.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 4:59 pm

AMD

AMD shares are trading higher following positive analyst actions, with HSBC upgrading the stock to Buy and Evercore ISI Group initiating coverage with an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:57 pm

BTCUSD

In a Fox Business debate, Peter Schiff, a gold proponent, advised Natalie Brunell to sell all her Bitcoin to avoid future losses, criticizing Bitcoin's lack of intrinsic value. Brunell defended Bitcoin, highlighting its advantages over gold, such as portability and verifiability, and its superior long-term performance. The debate underscores the ongoing discussion about the role of cryptocurrencies and gold as stores of value, setting the stage for further discussions at the Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 16, 2024 | 4:54 pm

SYTA

Siyata Mobile Inc (NASDAQ:SYTA) shares dropped 27% to $2.41 after announcing a common share offering of up to $4 million with no set value per share. The final price will be determined with the placement agent and investors, without a minimum share or proceeds requirement. The placement agent will seek purchases but has no obligation for specific amounts, and the actual offering may be less than stated. The company will pay fees to the placement agent.

Portfolio Pulse from Henry Khederian

April 16, 2024 | 4:50 pm

BTTR

Better Choice Company Inc. (AMEX:BTTR) shares surged after announcing a share repurchase program to buy back up to $5 million of its common stock by Dec. 31, 2024. This follows a report of Q4 financial results with losses of $6.51 per share and sales of $5.702 million. CEO Kent Cunningham highlighted a significant gross margin improvement to 31% and a 29% adjusted EBITDA growth.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 4:49 pm

LGVN

Zacks Small-Cap Research has set a valuation of $15.15 for Longeveron shares, indicating a potential upside for the stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:49 pm

BTTR

Better Choice Company's shares are trading higher following the announcement of a $5 million stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:49 pm

BENF

Beneficient (NASDAQ:BENF) shares plummeted 17% to $0.07 after announcing a 1-for-80 reverse stock split to meet Nasdaq's minimum bid price requirement. The split, effective April 18, will consolidate shares and reduce the total authorized shares proportionally, with fractional shares rounded up. This move aims to decrease outstanding shares from about 287.87 million to approximately 3.6 million.

Portfolio Pulse from Henry Khederian

April 16, 2024 | 4:47 pm

AMZN

DIS

DKNG

FLUT

PARA

SSP

Caitlin Clark, a standout from Iowa, was selected as the No. 1 pick in the 2024 WNBA Draft by the Indiana Fever, sparking expectations of increased viewership and betting interest. The Fever, aiming to return to the playoffs, will benefit from Clark's high profile, as will media partners like Disney, E.W. Scripps Company, Paramount Global, and Amazon.com Inc, with more games televised. Sportsbooks like DraftKings Inc and Flutter Entertainment's FanDuel are also seeing heightened interest, with favorable odds for the Fever and Clark.

Portfolio Pulse from Chris Katje

April 16, 2024 | 4:37 pm

MUX

McEwen Mining (MUX) is set to acquire Timberline Resources at a 132% premium, issuing approximately 1.84 million shares for a transaction value of US$18.8 million. Timberline shareholders will receive 0.01 of a McEwen share for each Timberline share, valued at US$0.102 per share based on McEwen's 20-day VWAP as of April 15th, 2024. McEwen already owns 3.3% of Timberline.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:36 pm