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CNM

Core & Main has announced a secondary offering of 18 million shares by certain selling stockholders. The company also plans to repurchase 3,125,728 shares of Class A common stock and 1,874,274 partnership interest of the company's subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:26 pm

NRXP

NRx Pharmaceuticals has entered into an agreement with LifeSci Associates to provide financial services and support. This has led to an increase in NRx Pharmaceuticals' share prices.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:25 pm

ADBE

Adobe Inc. reported Q3 earnings of $4.09 per share, beating the analyst consensus estimate of $3.98, and marking a 20.29% increase from the same period last year. The company also reported quarterly sales of $4.89 billion, beating the analyst consensus estimate of $4.87 billion. Adobe issued Q4 earnings per share guidance in a range between $4.10 and $4.15, versus the $4.06 estimate. Total revenue is anticipated to be between $4.975 billion and $5.025 billion, versus the $5 billion estimate.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 8:23 pm

CGRN

Capstone Green Energy has received notifications from Nasdaq regarding a delay in its annual report on Form 10-K and a minimum bid price deficiency. The company is working to address these issues.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:18 pm

MOTS

Motus GI has amended its royalty agreement, cancelling royalty rights in exchange for 1,455,641 shares of its own stock. This move eliminates approximately $1M in contingent royalty obligations.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:17 pm

CVX

A significant bullish stance on Chevron (NYSE:CVX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $150.0 to $200.0 for Chevron over the last 3 months. The price of CVX is up 0.63% at $167.25.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:16 pm

FTK

Flotek's board has approved a 1-for-6 reverse stock split, which will be effective after the market closes on September 25.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:15 pm

DIS

NXST

The Walt Disney Co. (NYSE:DIS) and Nexstar Media Group Inc. (NASDAQ:NXST) are reportedly in early talks regarding the potential sale of Disney’s ABC network and its associated TV stations. No specific valuation has been discussed yet. The news led to a 5.9% increase in Nexstar shares and a 1.2% increase in Disney shares. The potential sale indicates a significant shift in Disney’s focus towards its rapidly expanding digital platforms like Disney+ and Hulu.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 8:12 pm

MITK

Mitek Systems has reiterated its FY23 guidance, expecting revenue to be in the range of $169M-$171M, which is in line with the estimated $169.97M.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:11 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares traded lower on Thursday after the company announced changes to its SkyMiles loyalty program. Starting from 2024, only Medallion Qualification Dollars will be required to gain Status, as opposed to miles or segments flown. Delta will also offer more ways to earn status, such as on purchases of car rentals and hotel stays booked on the company's website and with Delta Vacations.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 8:10 pm