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JBLU

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JetBlue Airways Corporation's stock is trading higher today after activist investor Carl Icahn's Icahn Capital reported a 9.91% stake in the company, purchased for approximately $119.75 million. Icahn plans to discuss board representation and believes JetBlue is undervalued. The company has been in the news for its merger agreement with Spirit Airlines Inc, which faced legal challenges but will be heard in court in June 2024. Despite a 3.7% decline in Q4 2023 operating revenue, JetBlue beat consensus estimates and is working on returning to profitability.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 2:19 pm

BIOL

BIOLASE, Inc. (NASDAQ:BIOL), a leader in dental lasers, announced a public offering of 16M units at $0.44 each, aiming to raise $7M. Units include a share of common stock (or a pre-funded warrant), and two types of warrants exercisable at $0.66 and $0.748. The offering, managed by Lake Street Capital Markets, LLC and Maxim Group LLC, is set to close on February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:18 pm

JBLU

JetBlue Airways' stock price increased following the disclosure by Carl Icahn of a 9.91% stake in the company, as revealed in a 13D filing on Monday.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:17 pm

BX

GTES

Gates Industrial Corporation plc (GTES) announced the pricing of a secondary offering of 17.5 million shares by Blackstone Inc. affiliated stockholders, with an option for underwriters to buy an additional 2.625 million shares. The offering is set to close on February 16, 2024. Gates will not offer any shares or receive proceeds from this offering. Citigroup, Goldman Sachs, and Jefferies are the lead managers. Gates also plans to repurchase $50 million of its shares at the offering price, conditioned on the offering's close. Some directors expressed interest in buying approximately 1.05 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:16 pm

JBLU

Shares of JetBlue Airways Corp. (JBLU) surged 11.5% in premarket trading following the disclosure by billionaire investor Carl Icahn, through a 13D filing, of a 9.91% stake in the airline. The filing was made public on Monday.

Portfolio Pulse from Charles Gross

February 13, 2024 | 2:14 pm

VOXR

Vox Royalty Corp. (VOXR) is set to acquire an Australian royalty portfolio for up to A$4,700,000, enhancing its asset base with gold and copper projects in Australia. The portfolio includes royalties in various stages, from construction to exploration, and is part of Vox's strategy to expand in low-risk jurisdictions. The transaction, expected to close by the end of Q1 2024, will be funded with current cash on hand.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:09 pm

DASH

LYFT

UBER

Lyft Inc (NASDAQ:LYFT) is set to report Q4 earnings with expectations of 8 cents EPS and $1.22 billion in revenues. The company faces a bearish technical setup and a planned strike on Valentine's Day by drivers demanding fair pay, which also involves Uber Technologies Inc (NYSE:UBER) and DoorDash (NASDAQ:DASH). Lyft's OBV indicator and averages suggest strong selling pressure, with analysts rating the stock as Neutral with a price target of $11.97.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 2:08 pm

SBFM

Sunshine Biopharma, Inc. (SBFM) announced a $10M underwritten public offering consisting of shares, Pre-Funded Warrants, and Series A and B Warrants. The offering, managed by Aegis Capital Corp., aims to raise funds for general corporate purposes and working capital. The offering is priced at $0.14 per unit, with an over-allotment option granted to Aegis. It is expected to close by February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:08 pm

NET

Cloudflare's stock (NET) is trading lower following a downgrade from DZ Bank from Buy to Hold. Additionally, the stock is negatively impacted by Datadog's weak guidance, indicating a broader market concern affecting similar companies.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:06 pm

FANG

BMO Capital analyst Phillip Jungwirth has maintained a 'Market Perform' rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $167 to $175.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:02 pm