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UBER

Uber Technologies Inc. has announced its first-ever share repurchase program, authorizing up to $7 billion in buybacks. This move is aimed at returning value to shareholders and potentially boosting the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:55 am

NANX

PSIX

RVP

Retractable Technologies, Nanophase Technologies, and Power Solutions International are stocks under $5 with recent insider buying activity. Retractable Technologies' CEO bought shares at $1.24 each, following an operational loss report. Nanophase Technologies saw purchases by its Director and CEO amid a rights offering announcement. Power Solutions International's 10% owner bought shares at $1.99 each, after extending a shareholder loan agreement.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 11:52 am

STNG

Scorpio Tankers (NYSE:STNG) reported Q4 adjusted EPS of $2.75, surpassing the $2.63 estimate, with sales of $336.31M also beating the $334.98M estimate. However, these figures represent a significant decrease from the same period last year, with earnings down 35.14% and sales down 31.88%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:49 am

SAH

Sonic Automotive (NYSE:SAH) reported Q4 adjusted EPS of $1.63, missing the $1.87 estimate, and sales of $3.58B, below the $3.62B estimate. This represents a 37.55% decrease in EPS and a 0.17% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:47 am

RPTX

HC Wainwright & Co. analyst Robert Burns maintains a Buy rating on Repare Therapeutics (NASDAQ:RPTX) but lowers the price target from $25 to $10.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:47 am

EAF

GrafTech, identified by its ticker symbol EAF, anticipates a modest year-over-year improvement in sales volume for 2024, with the most significant increase expected in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:45 am

GNRC

Generac Holdings' shares dropped following the announcement of its Q4 financial results and FY24 guidance, which fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:42 am

PSN

Parsons Corp's stock price increased following the announcement of their Q4 financial results and FY24 revenue guidance, which exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:38 am

WAB

Wabtec's Board of Directors has authorized a $1.0 billion share buyback program, indicating the company's confidence in its financial health and a potential positive impact on its stock price due to the reduction in outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:35 am

NXU

Nxu announced it has received confirmation from Nasdaq regarding compliance with bid price and equity standards, indicating a positive step towards maintaining its listing status.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:35 am