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Stock Prices

ZVSA

ZyVersa Therapeutics' stock price has dropped following the announcement of a $5 million public offering. The offering could dilute existing shareholders' equity, leading to the decline in stock price.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:54 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced the pricing of its public offering at $0.06 per share, expecting to raise approximately $2.8 million through the sale of around 46.7 million shares. The offering is scheduled to close on December 11, 2023, with Roth Capital Partners as the sole placement agent. The proceeds are intended for working capital, general corporate purposes, and product initiatives like monetizing its patent portfolio and its digital currencies, PhunCoin and PhunToken.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:53 pm

BETS

CYN

MLGO

SVFD

TRKA

ZVSA

U.S. stocks traded higher with the Nasdaq Composite up by 100 points. Communication services shares led gains, while health care shares declined. U.S. initial jobless claims edged higher by 1,000 to 220,000. Save Foods, Inc. (SVFD) surged 189% targeting the US carbon credit market. Cyngn Inc. (CYN) rose 72% on a new patent. MicroAlgo Inc. (MLGO) gained 41% after announcing a postgraduate training practice base. Troika Media Group, Inc. (TRKA) filed for Chapter 11, causing a 74% drop. ZyVersa Therapeutics, Inc. (ZVSA) fell 44% after pricing a public offering. Bit Brother Limited (BETS) dropped 40% after a direct offering announcement.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 2:49 pm

BCML

FFBC

FISI

LYG

TSLX

The article lists five value stocks in the financial services sector, defined by low P/E multiples, indicating potential undervaluation. Sixth Street Specialty (TSLX), First Financial Bancor (FFBC), Lloyds Banking Group (LYG), BayCom (BCML), and Financial Institutions (FISI) are highlighted with their respective P/E ratios and recent earnings per share (EPS) performance. The article also notes dividend yields and their changes from the previous quarter.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:48 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) reported Q3 financial results with revenue of $110.3 million, missing estimates of $122.408 million, and a 43 cent loss per share compared to a 25 cent loss in the prior year. Revenues decreased by 12% year-over-year, with networked charging systems revenue down 24% and subscription revenue up 41%. The company's gross margin was negative 22%, down from 18% year-over-year, and ended the quarter with $397.4 million in cash and equivalents. ChargePoint reaffirmed its expectation for positive adjusted EBITDA in Q4 of fiscal 2025. Analysts from Needham and B. Riley Securities provided mixed reactions, with Needham reiterating a Buy rating with a $4 price target, and B. Riley downgrading the stock from Buy to Neutral with a $2.50 price target. ChargePoint shares saw a slight decline of 0.98% to $2.02.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 2:46 pm

PSA

Public Storage (NYSE:PSA) announced a quarterly dividend of $3.0 per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on December 28, 2023. The stock is expected to open $3.0 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

LRCX

Lam Research (NASDAQ:LRCX) has announced a quarterly dividend of $2.0 per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday and is expected to open $2.0 lower to reflect the payout. The dividend is scheduled to be paid on January 03, 2024.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

GHL

Greenhill & Co (NYSE:GHL) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on December 27, 2023. The stock is expected to open 10 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

Wyndham Hotels & Resorts (NYSE:WH) has announced a quarterly dividend of 35 cents per share, with the ex-dividend date set for Tuesday. Investors must own the stock by the end of Monday to be eligible for the dividend, which will be paid out on December 27, 2023. The stock is expected to open 35 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has announced a quarterly dividend of $1.014 per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 5, 2024. The stock is expected to open $1.014 lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:45 pm