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CATC

Trading of Cambridge Bancorp shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:11 pm

EBC

Trading of Eastern Bankshares (EBC) shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:11 pm

EHTH

EHealth's Director, Dale B Wolf, has purchased 15,000 shares of the company at an average price of $7.05, according to a Form 4 filing with the SEC.

Portfolio Pulse from Happy Mohamed

September 19, 2023 | 8:10 pm

HLVX

HilleVax plans to offer and sell $100M of its common stock in a public offering. The company also expects to grant underwriters a 30-day option to purchase up to an additional $15.0 million of shares at the public offering price. The proceeds will be used to fund the clinical development of HIL-214, manufacturing activities, and for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:10 pm

SCS

Steelcase expects Q3 EPS of $0.23-$0.27, higher than the estimated $0.19, and FY24 EPS of $0.80-$0.90, higher than the estimated $0.67. The company's backlog of customer orders was approximately $700 million, 26% lower than the prior year due to supply chain disruptions and extended delivery timeframes. The company expects Q3 fiscal 2024 revenue to be in the range of $780 to $805 million, a decline of 3 to 6 percent compared to the prior year. For fiscal 2024, the company expects a modest organic revenue decline compared to fiscal 2023 but significantly improved adjusted earnings per share.

Portfolio Pulse from Happy Mohamed

September 19, 2023 | 8:09 pm

SOND

Sonder Holdings has announced plans for a 1-for-20 reverse stock split in an effort to regain compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:07 pm

SKIL

Skillsoft has announced a 1-for-20 reverse stock split. This action is typically taken by companies to boost their share price and meet listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:05 pm

F

GM

STLA

Ford Motor Company (NYSE:F) faces potential labor challenges as Canadian union Unifor races to reach an agreement before an extended deadline. This could disrupt operations at Ford’s Oakville Assembly Plant and two engine plants that produce V8 gasoline engines used in the Ford F-Series Super Duty, F-150 pickups and the Mustang muscle car. A prolonged Canadian strike could impact U.S. vehicle production contingent on Ford’s engine stock. Despite the risk of ongoing strikes and production disruptions, shares of Ford Motor Co. were 1.87% higher on Tuesday.

Portfolio Pulse from Piero Cingari

September 19, 2023 | 8:04 pm

PR

Permian Resources Corporation (NYSE:PR) has announced a secondary public offering of 20.3 million shares of its Class A Common Stock. The shares are being sold by affiliates of NGP Energy Capital Management, not by Permian Resources itself. The company also plans to purchase 2.2 million common units from the selling stockholders. J.P. Morgan, BofA Securities, and Truist Securities are serving as joint book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:02 pm

HON

A whale investor has taken a bearish stance on Honeywell Intl (NASDAQ:HON), with 63% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $150.0 to $220.0 for Honeywell Intl over the last 3 months. The price of HON is up 0.53% at $195.5, and RSI indicators suggest that the stock may be approaching overbought. Next earnings are expected to be released in 37 days.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:01 pm