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ITRM

Iterum Therapeutics has regained compliance with the Nasdaq minimum bid price requirement, ensuring its continued listing on the exchange. The company's stock had previously been at risk of delisting due to a bid price that fell below the $1.00 minimum threshold. By meeting this requirement, Iterum Therapeutics avoids potential delisting and the associated negative consequences for its stock's liquidity and investor perception.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:13 pm

AAPL

AMZN

GOOG

INTC

MSFT

NVDA

QCOM

TSM

Intel Corp (INTC) is struggling to maintain its dominance in the semiconductor industry due to competition from companies like Qualcomm (QCOM), Nvidia (NVDA), AMD, and others using ARM-based processors. Apple (AAPL) has been a leader in adopting ARM technology for desktops, influencing other tech giants like Google (GOOG/GOOGL) and Amazon (AMZN) to follow suit. Intel's market share is threatened as its traditional partners like Microsoft (MSFT) explore ARM-based solutions. Despite challenges, Intel plans to compete with new chip generations and aims to match TSMC's (TSM) manufacturing technology by 2025.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 1:12 pm

TKLF

Yoshitsu Co., Ltd (NASDAQ:TKLF), a retailer of Japanese beauty and health products, announced the opening of its first direct-sale store in the U.S. Located in Seattle's University District, the store will open on December 8, 2023, and is expected to enhance the company's global market presence. The 6,000 sq. ft. store will offer over 8,000 products and aims to integrate into the local community by participating in events and focusing on tech-related products.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:10 pm

SLG

SL Green Realty has entered into a contract to sell its fee ownership interest in 625 Madison Avenue for a gross sale price of $632.5 million, which equates to $1,123 per square foot.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:09 pm

VINE

Fresh Vine Wine Inc. (VINE) has announced a non-binding letter of intent to merge with Notes Live, Inc., a live entertainment and hospitality company. The definitive agreement is expected by January 31, 2024, with a potential closing in Q2 2024. Notes Live owners may acquire over 90% of Fresh Vine post-transaction. Conditions include due diligence, financing, regulatory approvals, and NYSE American listing maintenance. Fresh Vine has also made a $500,000 equity investment in Notes Live, which may be refundable. The transaction aims to provide customers an opportunity to invest in Notes Live's vision for live music experiences.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:09 pm

VCNX

Nasdaq has granted Vaccinex, Inc. an extension until March 4, 2024, to regain compliance with the Nasdaq Listing Rule. This extension provides Vaccinex with additional time to meet the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:09 pm

LUXH

LuxUrban Hotels Inc. (LUXH) and its Chairman and Co-CEO Brian Ferdinand mutually agreed to cancel a $10M financing arrangement due to ongoing discussions with Wyndham Hotels & Resorts, Inc. to enhance access to non-dilutive capital. The company is in late-stage talks with Wyndham about Development Incentive Advances, which could accelerate and increase funding for new property acquisitions. Ferdinand will stop selling LUXH common stock, and approximately $500,000 from recent sales will be gifted to the company. LUXH continues to expand, having onboarded or in the process of onboarding 27 hotels to the Wyndham brand, and maintains its financial and unit guidance. Additionally, the underwriter of LUXH's Series A Preferred Stock offering partially exercised an over-allotment option on December 1, with the possibility of further exercises through December 8, with net proceeds aimed at leasing more units and for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:07 pm

BOOT

FEBO

GMBL

JFBR

NEGG

SLNA

SRM

SYPR

WOOF

In Monday's pre-market session, several consumer discretionary stocks experienced significant movements. PARTS iD (ID) shares surged 27.5%, Newegg Commerce (NEGG) rose 15.55%, SRM Entertainment (SRM) increased by 15.51%, Selina Hospitality (SLNA) went up by 14.86%, and Boot Barn Holdings (BOOT) gained 12.81%. Conversely, Fenbo Holdings (FEBO) shares fell by 11.2%, Jeffs Brands (JFBR) declined by 10.53%, Petco Health and Wellness (WOOF) dropped by 5.5%, and Sypris Solutions (SYPR) decreased by 5.21%. Esports Entertainment (GMBL) also saw a rise of 10.21%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:07 pm

ALK

BTM

EOSE

HYLN

MPU

NXU

OPTT

PIXY

SNTG

TURB

In Monday's pre-market session, several industrial stocks showed significant movement. Hawaiian Holdings (HA) saw a substantial increase of 181.9% to $13.7, while Sentage Holdings (SNTG), Bitcoin Depot (BTM), Mega Matrix (MPU), Nxu (NXU), and Turbo Energy (TURB) also experienced gains. Conversely, ShiftPixy (PIXY), Alaska Air Group (ALK), Hyliion Holdings (HYLN), Ocean Power Technologies (OPTT), and Eos Energy Enterprises (EOSE) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

ATHE

EYPT

LSDI

NEXI

PBLA

In Monday's pre-market session, several healthcare stocks experienced significant movements. EyePoint Pharmaceuticals (EYPT) saw a dramatic increase of 378.8%, while Alterity Therapeutics (ATHE) and Lucy Scientific Discovery (LSDI) also posted substantial gains. On the downside, NexImmune (NEXI) and Panbela Therapeutics (PBLA) experienced notable declines, along with other companies such as Sana Biotechnology (SANA) and Vivos Therapeutics (VVOS).

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm