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HPCO

Hempacco Co, Inc. (NASDAQ:HPCO) has received a $2.25 million purchase order for its new 'Dogg lbs' brand THCA vapes, developed in collaboration with Snoop Dogg's team. The order was placed by AAA Smoke and Vape, a master distributor, even before the vapes hit the market. The order requests six flavors currently in beta testing.

Portfolio Pulse from Nina Zdinjak

September 21, 2023 | 2:39 pm

CYBN

Cybin Inc. has completed enrollment in its Phase 2 study of CYB003, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:38 pm

EVGN

Evogene has received a letter from Nasdaq stating that the company is not in compliance with the minimum bid price rule, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:33 pm

TRNS

Transcat Inc (NASDAQ:TRNS) has priced its underwritten public offering of 736,845 shares at $95.00 per share, a 12.5% discount to its closing price as of September 20, 2023. The company expects to raise approximately $65.2 million from the offering, which it plans to use to repay its credit facility, for working capital, and other general corporate purposes. The offering is expected to close on September 25, 2023. Following the news, TRNS shares are trading lower by 9.87% at $97.94.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 2:30 pm

SPY

UNG

USO

USA Natural Gas Storage reported a figure of 64B, which is lower than the estimated 67B and higher than the prior figure of 57B.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:30 pm

BVN

CALT

CIFR

CSCO

EXAI

FDS

FDX

GBX

KVYO

SPLK

Despite a general fall in U.S. stocks, several companies saw gains. Cisco Systems agreed to acquire Splunk for $157 per share, causing Splunk's stock to rise by 20.8%. Calliditas Therapeutics, Exscientia, Klaviyo, Compañía de Minas Buenaventura, FedEx, FactSet Research Systems, The Greenbrier Companies, and Cipher Mining also saw stock increases due to various factors such as collaborations, IPOs, upgrades, and earnings reports.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 2:25 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Federal Reserve's new dot plot indicates higher interest rates for a longer period, contradicting predictions of four rate cuts next year. This has led to significant selling in the stock market. The dot plot shows a median projection for 2024 at 5.1%, up from 4.6% in the previous plot. The Arora Report analysis suggests one to two rate cuts next year. Initial jobless claims this week were lower than expected, indicating a stronger jobs picture. The Bank of England left its rates unchanged. Negative money flows were observed in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 21, 2023 | 2:21 pm

PENN

PENN Entertainment has seen a significant increase in the volume of its $23 call options, with 2187 contracts traded at $0.396, compared to an open interest of 686. The company is expected to release its earnings report on November 2nd before the market opens.

Portfolio Pulse from Charles Gross

September 21, 2023 | 2:20 pm

IVP

Inspire Veterinary Partners (IVP) has announced its intention to acquire a 100% ownership interest in a Pennsylvania animal hospital. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:16 pm

MRNA

Moderna's (NYSE:MRNA) short percent of float has risen 4.82% since its last report, with 18.05 million shares sold short, which is 6.31% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. Moderna's peer group average for short interest as a percentage of float is 3.35%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:15 pm