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ARR

ARMOUR Residential REIT, Inc. (NYSE:ARR) has announced the effectiveness of its one-for-five reverse stock split. The number of outstanding shares of ARMOUR's common stock has been reduced from approximately 245,031,959 to approximately 49,006,392. The authorized number of shares of common stock has been reduced from 450,000,000 to 90,000,000. The par value of ARMOUR's common stock remains at $0.001 per share after the reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:06 am

MEIP

MEI Pharma's board has approved a limited-duration stockholder rights plan in response to substantial stock accumulation by Anson Advisors and Cable Car Capital. The two entities have acquired a position representing approximately 19.9% of the outstanding shares. The rights plan will be effective immediately and will expire on September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:06 am

SEDG

Barclays analyst Christine Cho has downgraded SolarEdge Technologies from Overweight to Equal-Weight and lowered the price target from $274 to $152.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 10:04 am

USO

According to a Reuters survey, OPEC's oil output in September increased by 120,000 barrels per day (B/D) compared to August, reaching 27.73 million B/D. This rise is attributed to higher output from Nigeria and Iran.

Portfolio Pulse from Charles Gross

October 02, 2023 | 10:03 am

BROG

DHR

EURN

EXK

K

SDC

SENS

Several stocks recorded losses in Monday's pre-market trading session. SmileDirectClub filed for bankruptcy, causing its shares to tumble 64.1%. Brooge Energy's shares dipped 9.8% despite reporting a 122% YoY revenue increase. Danaher Corporation's shares declined 9.6% after it completed the separation of Veralto Corporation. Other companies experiencing a decline in shares include Kellogg Company, Euronav NV, Endeavour Silver Corp., and Senseonics Holdings.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 10:03 am

BFH

Goldman Sachs analyst Ryan Nash has downgraded Bread Finl Hldgs (NYSE:BFH) from Neutral to Sell and set a price target of $32.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 9:56 am

TSLA

The weekend's top stories included Mary Trump's insights on Donald Trump's influence, Vivek Ramaswamy's nanny hunt, an auction of a Tesla Cybertruck, Hunter Biden's legal fees, and a proposal to cut Defense Secretary Lloyd Austin's salary. The auction of a Tesla Cybertruck at the Petersen Automotive Museum has sparked speculation among fans.

Portfolio Pulse from Benzinga Neuro

October 02, 2023 | 9:47 am

AAPL

Apple Inc.'s iPhone 15 models are experiencing delivery delays due to supply chain issues and high demand. The non-Pro models have delivery timelines of 12 to 15 days, while the Pro models have longer delivery timelines, with the Pro Max extending to as long as 40 days. However, these delays are easing, with the Pro Max delivery estimates improving from a peak of 54 days to an average of 40 days.

Portfolio Pulse from Rounak Jain

October 02, 2023 | 9:44 am

AEHL

CCL

UPXI

US stocks recorded quarterly losses, with the S&P 500 and Dow Jones closing lower. The CNN Money Fear and Greed index remained in the 'Fear' zone. Carnival Corp reported better-than-expected Q3 earnings. Most sectors on the S&P 500 closed negatively, except for consumer discretionary, real estate, and IT stocks. Investors are awaiting earnings results from Upexi Inc. and Antelope Enterprise Holdings Limited.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 9:21 am

TOST

Mizuho analyst Dan Dolev has downgraded Toast (NYSE:TOST) from Buy to Neutral and lowered the price target from $30 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:44 am