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Stock Prices

AMD

AVGO

Broadcom Inc. (NASDAQ:AVGO) shares increased following a November pullback, resuming their upward trend in December after announcing the completion of VMware Inc. acquisition and releasing mixed Q4 financial results with an earnings win, revenue miss, but a positive full-year outlook and dividend increase. The stock received an additional boost from a Citigroup analyst's Buy rating and $1100 price target. A partnership with Caltech for quantum science research and general chip sector momentum, partly due to Advanced Micro Devices, Inc. (NASDAQ:AMD) announcements, also contributed to the positive sentiment.

Portfolio Pulse from Ryan Gustafson

December 12, 2023 | 9:20 pm

LPTV

Loop Media reported a Q4 2023 EPS of $(0.15), an improvement from $(0.28) YoY. However, their revenue of $5.7M fell short of the estimated $5.880M.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:18 pm

TNDM

Tandem Diabetes Care, Inc. has launched Tandem Source, a new diabetes management platform that consolidates features from previous offerings into one central platform. It provides comprehensive data reporting for insulin pump users and healthcare providers, with easy-to-use reports, automatic data transfers, and a web-based pump uploader. The platform is now available in the U.S., with international availability expected in 2024. Early feedback has been positive, and the company plans to expand access to other countries next year.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:16 pm

CSBR

Champions Oncology (NASDAQ:CSBR) reported Q2 earnings with an EPS of $-0.15, beating the estimate by 11.76% but with a revenue decrease of $2.71 million from the previous year. The company's past earnings performance shows inconsistency, with a miss on EPS last quarter leading to a 1.45% share price drop the following day.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 9:15 pm

CYCC

Cyclacel Pharmaceuticals has announced a 1-for-15 reverse stock split, effectively reducing its outstanding common stock from approximately 12.6 million shares to about 0.84 million shares. The par value will remain unchanged at $0.001 per share. Adjustments will be made to outstanding stock options, restricted stock units, warrants, and the conversion rate of the 6% convertible exchangeable preferred stock. No fractional shares will be issued; instead, shareholders will receive a cash payment for fractional shares based on the adjusted closing sale price on December 18, 2023. The reverse stock split is proportional and does not alter stockholder percentage ownership, except in cases of fractional shares.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:13 pm

O

Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, has increased its monthly cash dividend from $0.2560 to $0.2565 per share. This marks the 123rd dividend increase since its NYSE listing in 1994. The dividend is payable on January 12, 2024, to shareholders of record on January 2, 2024, with an ex-dividend date of December 29, 2023. The annualized dividend amount has risen from $3.072 to $3.078 per share. CEO Sumit Roy emphasized the company's commitment to providing stockholders with reliable monthly dividends, noting this is the 105th consecutive quarter of dividend increases.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:13 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB), an Ethereum-based memecoin, is in the spotlight after a significant transfer of 4.2 trillion SHIB and a teaser from its lead developer about an upcoming 'game-changing announcement.' The announcement is speculated to be related to the Shibarium L2 Blockchain, which will start automated SHIB burns in January 2024. Shibarium has seen an increase in daily transactions and has processed 93.6 million transactions since its mainnet launch. SHIB's price has risen 1.5% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 9:10 pm

CREV

Carbon Revolution plc (NASDAQ: CREV), a manufacturer of carbon fiber wheels, reported a 56% year-over-year increase in fiscal Q1 2024 revenue to $11.3 million. The company expects continued growth with a Q2 revenue forecast of $14M-$14.5M, driven by doubling its backlog to $730 million, with 50% for EVs. The company is focused on profitable growth through automation and increased production volume.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:09 pm

FEIM

Frequency Electronics (NASDAQ:FEIM) reported a significant improvement in Q2 earnings, posting $0.08 EPS compared to a loss of $(0.25) per share YoY. Sales also increased by 51.97% to $13.60M from $8.95M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:09 pm

CVLY

ORRF

Codorus Valley Bancorp, Inc. is set to merge with Orrstown Financial Services, Inc. in an all-stock transaction valued at $207 million, equivalent to $21.31 per share of Codorus Valley common stock.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:07 pm