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PGY

Pagaya Technologies Ltd. (NASDAQ:PGY) announced a 1-for-12 reverse stock split effective March 8, 2024, aimed at enhancing marketability and potentially increasing inclusion in major U.S. equity indices. The split, approved by shareholders, will adjust trading on a split-adjusted basis under the same symbol 'PGY' with a new CUSIP number. This strategic move is expected to improve trading liquidity by reducing the number of issued and outstanding shares from approximately 605.1 million to about 50.4 million, affecting all shareholders uniformly except for adjustments in fractional shares.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:45 pm

M

Macy's shares are trading higher following an increased acquisition offer from Arkhouse and Brigade Capital to $24 per share.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:43 pm

SAVE

Spirit Airlines shares resumed trading and experienced a decline. This movement may be indicative of market reactions to specific, undisclosed events or broader market trends affecting the airline sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:41 pm

SHOT

Safety Shot, Inc. (NASDAQ:SHOT), a wellness beverage brand, announced the appointment of John Gulyas as Chairman of the Board, succeeding Glynn Wilson PhD. Gulyas, a serial entrepreneur with multiple 7-figure exits and co-founder of the Safety Shot beverage, aims to lead the company towards becoming a leading brand in the wellness industry. His diverse experience and successful track record in brand development and franchise operations are expected to contribute significantly to Safety Shot's growth and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:40 pm

DECK

Deckers Outdoor shares are trading higher following the announcement that the company will be added to the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:39 pm

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares surged after being selected to join the S&P 500, replacing Whirlpool and Zions Bancorp. The inclusion, part of the S&P Dow Jones Indices' quarterly rebalance effective March 18, often leads to a temporary stock price increase. Goldman Sachs initiated coverage with a Neutral rating and a $941 price target. Wall Street views Super Micro as Neutral overall, with significant stock price growth over the past year.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 1:38 pm

DASH

DoorDash shares are trading higher following an upgrade by RBC Capital from Sector Perform to Outperform, with a price target increase from $130 to $175.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:36 pm

AAPL

SPOT

Apple Inc. has been fined €1.8 billion ($1.95 billion) by the EU for antitrust violations, specifically for restricting Spotify and other music streaming services from informing users about alternative payment options outside its App Store. The fine, stemming from a 2019 Spotify complaint about Apple's 30% App Store fees, is intended as a deterrent. Apple plans to challenge the decision in court and is also seeking to settle another EU antitrust investigation related to its mobile payment systems.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 1:32 pm

HTOO

Fusion Fuel Green PLC (NASDAQ:HTOO) shares rose in premarket trading after receiving a €1.015 million grant from the European Innovation Fund's Horizon Europe Programme for its involvement in the H2tALENT consortium. This consortium aims to develop hydrogen valleys demonstrating hydrogen's decarbonization potential. Fusion Fuel's role includes supplying electrolyzer technology for green hydrogen projects in Portugal's Alentejo region. The grant will fund automation equipment for the Evora demonstration facility and engineering for the Sines I project.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 1:31 pm

JBLU

SAVE

JetBlue has officially terminated its merger agreement with Spirit Airlines, allowing it to concentrate on its organic growth strategy and path to profitability. This strategic shift marks a significant change in direction for JetBlue, potentially impacting its future operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:31 pm