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EVTV

Envirotech Vehicles has received an extension from the Nasdaq Stock Market to file its delinquent annual and quarterly filings.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:33 am

ROL

Rollins, Inc. (NYSE:ROL) has announced the pricing of a secondary public offering of 38,724,100 shares of its common stock by LOR, Inc., an existing stockholder, at a price of $35.00 per share. The offering is expected to close on September 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:31 am

NIO

TSLA

Nio Inc's CEO, William Li, was seen examining Tesla Inc's refreshed Model 3 at the IAA Mobility show in Munich. This event sparked various reactions on social media. Tesla recently launched the updated Model 3 in China, while Nio, a significant Tesla competitor in China, is expanding its presence in European markets. Nio offers several vehicles in the same segments as Tesla. Li has previously praised Tesla's efficiency but also warned that Tesla could face challenges if it doesn't enhance its products and services rapidly.

Portfolio Pulse from Anan Ashraf

September 07, 2023 | 10:29 am

AAPL

US markets closed in red on Wednesday, with Nasdaq down 1% due to concerns of prolonged high interest rates from strong services sector data. Apple's stock fell over 3% after China instructed government employees not to use foreign devices, including iPhones. Asian markets also closed in red, while European markets traded higher. Crude oil traded lower, while gold traded higher.

Portfolio Pulse from Akanksha Bakshi

September 07, 2023 | 10:23 am

LZ

LegalZoom.com Inc (NASDAQ:LZ) has priced a public offering of 14 million shares of its common stock by a stockholder at $10.00 per share, a 9.8% discount to the company’s closing price on September 6, 2023. The secondary offering was upsized from the previously announced offering of 13 million shares. LegalZoom also intends to repurchase $45.1 million worth of shares in a private, non-underwritten transaction.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 10:22 am

WDH

Waterdrop (NYSE:WDH) reported Q2 earnings of $0.00 per share, missing the analyst consensus estimate of $0.02 by 91.23%. This is a 98.05% decrease from the same period last year. The company also reported quarterly sales of $93.60 million, missing the analyst consensus estimate of $96.97 million by 3.48%. This is a 10.62% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:06 am

BYDDF

NIO

VWAGY

XPEV

Volkswagen's CEO, Oliver Blume, has dismissed concerns over the rising threat from Chinese electric vehicle (EV) makers, stating that European manufacturers hold an advantage due to their vehicle know-how, quality levels, and brand legacy. Despite the increase in EVs shipped to Germany from China, Blume remains confident in VW's competitive edge. He also highlighted VW's focus on reducing battery costs by 50% with its new unified cell, enabling cheaper EVs.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 9:50 am

TROX

UBS analyst Joshua Spector has downgraded Tronox Holdings (NYSE:TROX) from Buy to Neutral and lowered the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:48 am

CURV

Baird analyst Mark Altschwager has downgraded Torrid Holdings (NYSE:CURV) from Outperform to Neutral and lowered the price target from $4 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:47 am

DELL

Barclays analyst Tim Long has downgraded Dell Technologies (NYSE:DELL) from Equal-Weight to Underweight and set a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:45 am