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ELUT

Elutia has announced a private placement of 7,355,869 shares of common stock at $1.4275 per share, raising $26 million in capital.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:38 pm

DATS

DatChat, Inc. (NASDAQ:DATS) has announced a 1-for-10 reverse stock split, effective from the opening of trading on September 19, 2023. The move is primarily intended to bring the company into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing. Post-split, the company will have approximately 2,740,419 shares of common stock issued and outstanding.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:35 pm

ARCH

HAL

NBR

SHEL

TTI

The article lists five energy stocks that are considered overbought and may be worth selling in September. These include TETRA Technologies, Inc. (TTI), Shell plc (SHEL), Halliburton Company (HAL), Arch Resources, Inc. (ARCH), and Nabors Industries Ltd. (NBR). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 12:34 pm

SONN

Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:SONN) has regained compliance with the Nasdaq minimum bid price requirement. The company's shares maintained a minimum closing bid price of $1.00 or more for at least 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:33 pm

RKLB

Rocket Lab USA, Inc (NASDAQ:RKLB) stock is trading lower after the company's 41st mission faced technical issues leading to premature termination. The company has expressed regret to its partner, Capella Space, and is working with the Federal Aviation Administration (FAA) to investigate the issue. The incident has led to the postponement of Rocket Lab's next mission and the company is expected to provide revised guidance on Q3 revenue soon.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:33 pm

SPY

USA housing starts for August were reported at 1.283M, significantly lower than the estimated 1.440M and the prior figure of 1.452M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:31 pm

AAPL

TSM

Apple Inc (AAPL) faces a significant threat from Huawei Technologies Co, Ltd in China due to a major semiconductor breakthrough by China's largest semiconductor maker SMIC. This development has raised concerns in Washington about how Huawei developed this technology without access to critical components due to US sanctions. The new chip, the Kirin 9000S, is a significant milestone for China's semiconductor industry. The US Department of Commerce has expressed interest in Huawei's chip, prompting potential further export restrictions.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:30 pm

SPY

USA Housing Starts for August have decreased by 11.3% compared to the previous month, which had seen a 2.0% increase.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:30 pm

FSLY

IRDM

PAYC

PFE

TLRY

Jim Cramer, on CNBC's 'Mad Money Lightning Round', gave his views on several stocks. He mentioned that Paycom Software (PAYC) is going out of fashion, Dollar General (DG) did not deliver great numbers, Iridium Communications (IRDM) is doing well, Tilray Brands (TLRY) is too dangerous, Fastly (FSLY) has not pivoted to profitability, and Pfizer (PFE) is a good company and he wouldn't recommend selling it.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 12:25 pm

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) reported a 100.4% YoY growth in revenue from cannabis products, reaching $40 million for the fiscal year 2023. The company's overall revenue increased by 31.2%, driven by the doubling of revenues from cannabis vaping products in the US and a rise in sales of tobacco vaping products in Europe. For the fiscal year 2024, the company projects revenue for cannabis vaping products to be between $80 million and $90 million, representing a growth between 100% and 125% from fiscal year 2023.

Portfolio Pulse from Nina Zdinjak

September 19, 2023 | 12:23 pm