Streetbeat News

Stock Prices

AMC

APE

AMC Entertainment Holdings Inc's shares are trading higher after the company received court approval for its revised stock conversion plan. The plan allows for the conversion of AMC Preferred Equity Units (APE) into common shares and includes a one-for-ten reverse stock split. The reverse stock split will take place on Aug. 24, increasing the total number of authorized shares of AMC's Class A common stock from approximately 524.2 million to 550 million. AMC shares are down approximately 15% year-to-date, while APE units are up more than 48%.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 2:50 pm

FXLV

F45 Training Holdings Inc (NASDAQ:FXLV) announced its intention to voluntarily delist and deregister its securities, leading to a 76% drop in its stock price. The company received a NYSE non-compliance notice due to delayed filings and a sub-$1.00 average stock price over 30 days. F45 is opting for cost-efficiency and focusing on core operations and growth by going private.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 2:50 pm

SRM

Shares of SRM Entertainment have started trading at $3.60 per share following its initial public offering (IPO).

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 2:46 pm

PRI

Primerica (NYSE:PRI) has announced a quarterly dividend of 65 cents per share, which will be paid out to shareholders on September 11, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 65 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:45 pm

UBS

UBS Gr Inc.'s stock price is currently at $23.29, after a 1.29% drop. However, over the past month, the stock increased by 9.17%, and in the past year, by 38.68%. The company's P/E ratio is 12.04, lower than the Capital Markets industry average of 42.3, indicating that the stock might be undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:45 pm

CHS

DHI

MDC

MED

OXM

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: D.R. Horton (DHI), Chico's FAS (CHS), M.D.C. Holdings (MDC), Medifast (MED), and Oxford Industries (OXM). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The companies have shown varying performance in terms of earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:43 pm

GRND

HUMA

PHVS

PSFE

RSKD

SLGC

TAYD

Despite a general downturn in the US stock market, several stocks recorded gains. Pharvaris N.V. surged 19.4% after an upgrade from Morgan Stanley. Paysafe Limited jumped 18.9% after reporting Q2 FY23 revenue growth of 6% YoY, beating consensus. Taylor Devices, Inc. surged 18.6% following Q4 results. Grindr Inc. jumped 10.7% after reporting YoY increase in Q2 sales. SomaLogic, Inc. gained 10.6% after reporting better-than-expected Q2 results and issuing guidance. NextDecade Corporation climbed 10.3% after an upgrade from Stifel. Humacyte, Inc. gained 9.2% after a reiteration from Benchmark. Riskified Ltd. rose 8.2% after posting upbeat quarterly sales and boosting FY23 revenue guidance.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 2:43 pm

BELFB

MNDO

PAGS

VSH

The article discusses value stocks in the technology sector, highlighting five companies: Bel Fuse, PagSeguro Digital, MIND C.T.I., Daqo New Energy, and Vishay Intertechnology. These companies have lower stock prices compared to others in the same industry, indicating potential undervaluation. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 2:41 pm

BABA

NIO

Chinese stocks are trading lower due to weak industrial production and retail sales data for July. The People's Bank of China's rate cut has also escalated fears about the country's economic health.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 2:33 pm

CRKN

Crown Electrokinetics (CRKN) shares have dropped by 15.7% to $2.20 after the company implemented a 1-for-60 reverse stock split. The split was approved by the company's Board of Directors and stockholders on August 11. The action affects all stockholders equally, without altering their proportional ownership in the company's common stock.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 2:33 pm