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PATK

Patrick Industries has announced an increase in its quarterly dividend from $0.45 to $0.55 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:41 pm

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares dropped after the company announced it could not file its quarterly report for Q3 due to immaterial accounting errors related to historical financing transactions. The company also expects to report material weaknesses in its internal control over financial reporting. This follows a recent rally where the stock rose approximately 28% after preliminary Q3 results beat estimates.

Portfolio Pulse from Adam Eckert

November 16, 2023 | 1:40 pm

AIRG

Airgain, Inc. (NASDAQ:AIRG) has announced a new distribution agreement with Logic Wireless to expand its market reach into Australasia, including Australia, New Zealand, and the Pacific Islands. Logic Wireless, part of CSE Global, specializes in business-critical communication solutions and will now offer Airgain's wireless connectivity products, such as asset trackers, antennas, and 5G devices, to meet the growing demand in these regions. This partnership aligns with Airgain's strategy to increase its global footprint and provides access to key verticals in the region.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:40 pm

WMT

Walmart's stock is trading lower following the release of their third-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:38 pm

CVM

CEL-SCI Corporation has priced a stock offering of 2.49 million shares at $2 per share to a single investor.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:35 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has launched a new website for the Mudra Band, a wearable device enabling touchless interaction with technology via hand gestures. The website aims to enhance marketing and sales by providing a seamless user experience, detailed product information, and a convenient shopping platform. The Mudra Band is compatible with the Apple Ecosystem, and the company has recently announced full touchless control across Apple products when used with the Apple Watch Double Tap gesture.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

BABA

Alibaba's stock price is trading lower following the release of their second-quarter financial results.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

GOOG

GOOGL

SPOT

Spotify Technology S.A. (NYSE:SPOT) has expanded its strategic partnership with Alphabet Inc's Google Cloud (NASDAQ:GOOG) (NASDAQ:GOOGL) to enhance its music streaming service. The collaboration will focus on leveraging Google Cloud's AI tools for improving content discovery, personalized recommendations, and ensuring a safe listening experience on Spotify. The partnership builds on the existing relationship since 2016, with Spotify utilizing Google Cloud's data capabilities for campaigns and providing analytics to creators. Despite the news, SPOT shares saw a premarket decline of 1.47% to $171.20.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 1:33 pm

MAXN

Northland Capital Markets analyst Donovan Schafer downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Outperform to Market Perform and reduced the price target from $25 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:32 pm

VALE

Deutsche Bank analyst Liam Fitzpatrick has downgraded Vale (NYSE:VALE) from Buy to Hold and set a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:30 pm