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GRFX

Graphex Group Limited has received a preliminary offer from a NASDAQ-listed blank check company to acquire its subsidiary, Graphex Technologies, for $100M-$200M in stock. The acquisition aims to make Graphex Tech an independent U.S. company serving the Li-ion battery anode material market in North America. The deal is subject to shareholder approval, registration of shares, and compliance with regulatory bodies. The transaction is expected to close in the first half of 2024, with Graphex Group distributing shares to its shareholders post-acquisition. CEO John DeMaio will continue to lead Graphex Tech, which is positioning itself as a key player in the EV battery supply chain amid graphite export restrictions from China.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:56 pm

NVO

A study analyzing medical records and insurance claims data showed that 40% of patients prescribed Novo Nordisk's obesity drug Wegovy were still using it after a year, indicating higher adherence compared to older medications. The study, published in Obesity, involved 1,911 adults and found that greater weight loss at six months predicted continued use at one year. In contrast, only 13% and 10% of patients remained on Orexigen Therapeutics' Contrave and Vivus's Qsymia, respectively, after a year. The study did not explore why patients stopped taking the drugs but noted insurance coverage and pre-certification criteria as factors affecting adherence. Dr. Hamlet Gasoyan raised concerns about the cost of new anti-obesity drugs and their impact on insurance coverage decisions. Novo Nordisk's stock (NYSE:NVO) was down 0.94% at $98.69.

Portfolio Pulse from Vandana Singh

December 06, 2023 | 2:53 pm

AMGN

Amgen Inc. (NASDAQ:AMGN) has seen a slight increase in its stock price to $271.31, but experienced a decrease over the past month and year. Its P/E ratio of 19.27 is lower than the Biotechnology industry average of 36.06, which could suggest it is undervalued or expected to underperform. Investors are advised to consider the P/E ratio alongside other metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:46 pm

BBY

Best Buy Co (NYSE:BBY) announced a quarterly dividend of 92 cents per share, with the ex-dividend date set for Monday. Shareholders owning BBY stock by the end of Friday are eligible for the dividend, payable on January 2, 2024. The stock is expected to open 92 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

CASH

Pathward Financial (NASDAQ:CASH) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before this date to be eligible for the dividend, which will be paid on January 2, 2024. The stock is expected to open 5 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

LGI

Lazard Glb Total Return (NYSE:LGI) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a dividend payout of 9.34 cents per share. The stock is expected to open 9.34 cents lower on Monday to reflect the dividend payment, which will be distributed on December 22, 2023.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

CSQ

Calamos Strategic Total (NASDAQ:CSQ) announced that shareholders as of Friday's session will receive a monthly dividend of 10.25 cents per share. The ex-dividend date is Monday, and the stock is expected to open 10.25 cents lower to reflect the payout. The dividend will be paid on December 18, 2023.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

CHY

Calamos Convertible (NASDAQ:CHY) announced a monthly dividend of 10 cents per share. Friday marks the last chance for investors to receive the dividend, with the ex-dividend date set for Monday. The stock is expected to open 10 cents lower on Monday to reflect the payout. Shareholders owning CHY by the end of Friday are eligible for the dividend, which will be paid on December 18, 2023.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

CHI

CALAMOS CONVERTIBLE (NASDAQ:CHI) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 9.5 cents per share. The stock is expected to open 9.5 cents lower on Monday to reflect the dividend payout. The dividend will be paid on December 18, 2023.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm

CHW

Calamos Glb Dynamic (NASDAQ:CHW) announced a monthly dividend of 5 cents per share, with the ex-dividend date set for Monday. Shareholders owning CHW stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 18, 2023. The stock is expected to open 5 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 2:45 pm