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PLUR

Trading for PLUR was halted and then resumed at 8:55 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:55 pm

OPTX

Syntec Optics (NASDAQ:OPTX), a key supplier in scientific and technical instruments, announced receiving new orders for a high-resolution, wide-field-of-view, innovative freeform prism subsystem for defense head-up microdisplays. These orders, scheduled for delivery in 2024, add to existing orders for other microdisplay optics versions. The company has been involved in the development and production of these lightweight freeform prism subsystems for over a decade, aimed at enhancing situational awareness for aviation pilots. The US defense is actively fielding these optical systems, which integrate electronics by OEMs to generate augmented reality overlays on OLED micro-displays.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:53 pm

PVH

PVH Corp. (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, is expected to report Q4 earnings of $3.52 per share, up from $2.38 the previous year, with revenue projected at $2.42 billion. The company declared a quarterly cash dividend of 3.75 cents per share, payable on March 27, 2024. To earn $500 monthly from dividends, an investment of approximately $5,624,400 or around 40,000 shares is needed. PVH shares gained 0.9% to close at $140.61 recently.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 12:53 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) reported a 24% increase in bitcoin mined in March, totaling 806, and now holds 5,021 bitcoins. The company sold 3.37 bitcoins at an average price of $58,800 each. Construction of its Dalton acquisition is nearly complete, with 15 megawatts of power expected to be activated soon, potentially increasing its operating hashrate to over 17 EH/s. CEO Zach Bradford stated the company is fully funded for its S21 miner payments and is prepared for aggressive acquisitions post-bitcoin halving. CleanSpark shares were down 9.34% at $19.20.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:50 pm

CVCY

CWBC

Central Valley Community Bancorp (CVCY) has completed its merger with Community West Bancshares (CWBC), effective April 1, 2024. The all-stock transaction valued at approximately $143 million results in a combined company with total assets of around $3.5 billion. Community West shareholders received 0.79 shares of Central Valley common stock for each share of Community West common stock. The merged entity assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), expanding its banking centers across California. The merger is part of Central Valley's strategic expansion, marking its sixth acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:49 pm

ELAN

IDXX

Elanco Animal Health Inc (NYSE:ELAN) has settled with activist investor Ancora, avoiding a proxy fight by expanding its board to 14 members, including Ancora's nominees Craig Wallace and Kathy Turner. Ancora, holding about 3% of Elanco's stock, has been pushing for changes including board restructuring and CEO succession planning. The settlement is seen as a positive step in Elanco's corporate governance, with shares rising since the year's start. Wallace and Turner's addition is expected to strengthen Elanco's market position.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 12:45 pm

HD

Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Home Depot (NYSE:HD) and increased the price target from $386 to $417. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:44 pm

ARE

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced an early 6-year lease renewal with insitro at the Alexandria Center for Advanced Technologies in South San Francisco. This renewal, extending through August 31, 2034, for 143,188 RSF, underscores insitro's commitment to its headquarters and R&D site. The deal highlights the growing demand for AI-enhanced laboratory space for drug discovery and development. Alexandria's strategic presence in South San Francisco since 1998 has positioned it as a key enabler for life science companies, with nearly 3.4 million RSF in operation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:36 pm

GES

Guess? Inc (NYSE:GES) shares surged in premarket trading after announcing a new $200 million share repurchase program and a convertible bond exchange transaction. The company has repurchased 326,429 shares for $10.3 million and entered into an agreement to exchange convertible senior notes due 2024 for new notes due 2028. This follows a strong Q4 earnings report that exceeded analyst expectations.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 12:31 pm

ADTHW

Trading for ADTHW was halted and then resumed at 8:30 AM ET, as updated in the latest trading halt status announcement.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:30 pm