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Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:18 pm

AYX

CSV

HWBK

KDP

Insiders at Carriage Services, Keurig Dr Pepper, Alteryx, and Hawthorn Bancshares have recently made significant stock purchases, indicating potential confidence in their companies' futures. These transactions follow notable company events, including earnings reports and share pricing, suggesting these insiders see the stocks as undervalued or are optimistic about future growth.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 1:17 pm

ONON

On Holding AG (NYSE:ONON) shares dropped after reporting Q4 FY23 earnings with sales growth of 21.9% to $504.23 million, missing estimates of $510.19 million. Adjusted EPS fell to $(0.06), below the $0.11 estimate. Despite a 38.2% increase in DTC sales and a 10.7% increase in wholesale sales, the stock fell 14.4% in premarket trading. The company forecasts a 26% net sales growth rate for Q1 2024 and expects at least CHF 2.25 billion in net sales for 2024.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 1:16 pm

SASI

Sigma Additive Solutions, Inc. (SASI) announced its corporate name change to NextTrip, Inc., effective March 13, 2024, following the acquisition of NextTrip Holdings, Inc. The company will start trading under the new ticker symbol 'NTRP' on the Nasdaq. This transition reflects its shift towards travel and travel media operations, leveraging partnerships with over 200 travel organizations and offering over 2 million hotels worldwide. NextTrip is preparing to launch its travel booking platform and a content ecosystem, including Compass.TV, to drive growth and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:15 pm

KSS

A Kohl's executive reported that the company's digital sales, when excluding the impact of the 53rd week, experienced a decline of approximately 10% in the quarter.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:12 pm

SHCR

Sharecare (NASDAQ:SHCR) is exploring strategic alternatives, including a potential sale, carveout divestitures, or continuing as a standalone company. The company has engaged with interested parties and formed a special committee to evaluate proposals. Despite no definitive decisions being made, Sharecare aims to maximize shareholder value and will provide an update in its upcoming earnings call.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:11 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) has received its first U.S.-based oil & gas produced water order from Razorback Direct Oilfield Solutions and Services LLC, marking a significant milestone in its North American expansion. The order is for a containerized pilot system for produced water treatment, leveraging LiqTech's silicon carbide ceramic membranes technology. This follows a distribution agreement between LiqTech and Razorback Direct aimed at commercializing LiqTech's filtration technology for water treatment in the U.S. oil & gas sector. The successful operation of a similar system in the Middle East, demonstrating high efficiency and minimal chemical use, supports the potential for this technology in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:08 pm

FBTC

GBTC

IBIT

The cryptocurrency investment landscape saw $505 million in net inflows into Bitcoin spot ETFs, with significant activity on March 11. Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $494 million, while BlackRock's Bitcoin ETF (IBIT) and Fidelity's Bitcoin ETF (FBTC) saw net inflows of $562 million and $215 million, respectively. The total net asset value of Bitcoin spot ETFs is now $58.36 billion. Additionally, Thailand's SEC has amended its rules to allow private funds to invest in U.S.-traded spot Bitcoin ETFs, following the U.S. SEC's classification of these ETFs as securities.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 1:08 pm

MDGL

Madrigal Pharmaceuticals' stock price increased following an upgrade in its price target from $275 to $405 by HC Wainwright & Co.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:08 pm

BTAI

BioXcel Therapeutics shares surged following the announcement of better-than-expected Q4 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:08 pm