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ZKIN

ZK International Group Co., Ltd. (ZKIN) has been granted a temporary exception by the Nasdaq Hearings Panel to regain compliance with the Bid Price Rule. The company has until January 19, 2024, to effect a reverse stock split and demonstrate a closing bid price of $1 or more for ten consecutive trading sessions. The exception period extends until January 31, 2024. ZKIN is committed to transparency and regulatory compliance during this process and values its stakeholder relationships.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:15 pm

AAPL

AMZN

META

NFLX

NVDA

QQQ

TGT

TSLA

WMT

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of November 15, 2023. The list includes NVDA, TSLA, TGT, QQQ, AMZN, WMT, AI, AAPL, META, and NFLX.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:12 pm

ACRDF

Acreage Holdings, Inc. (OTCQX:ACRDF) reported a decrease in Q3 revenue by 8% YoY and 2.8% QoQ, with consolidated revenue of $56.5 million. The company narrowed its net loss by nearly 70% YoY to $7.8 million and reported its eleventh consecutive quarter of positive adjusted EBITDA at $6.6 million. Acreage Holdings saw a 27% increase in Connecticut sales and a 34% increase in New Jersey sales year-to-date. The company's stock traded 3.1554% lower at $0.275 per share after the market close on Tuesday.

Portfolio Pulse from Jelena Martinovic

November 15, 2023 | 2:12 pm

CVX

HES

Chevron Corp (NYSE:CVX) is considering selling its East Texas assets, which include approximately 70,000 net acres in the Haynesville shale formation. Development of these assets was halted earlier this year. The company is exploring various options, including a sale or a partnership with regional producers. This move is part of Chevron's strategy to offload assets worth up to $15 billion over the next five years following its recent acquisitions, including Hess Corp (NYSE:HES) for $53 billion and PDC Energy for $7.6 billion. These acquisitions added 500,000 barrels of oil and gas per day to Chevron's U.S. shale portfolio. Chevron's Q3 FY23 results showed total revenues of $54.1 billion, surpassing expectations, but an adjusted EPS of $3.05, which missed the consensus. CVX shares are down 0.21% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 2:11 pm

DIS

Activist investor ValueAct Capital has been accumulating a significant stake in The Walt Disney Company (DIS) since the summer, during the Hollywood strikes. ValueAct, known for its corporate governance focus, is in dialogue with Disney's management and considers Disney's theme parks and consumer products businesses to be worth low $80s per share on their own. ValueAct's involvement has historically led to increased profitability and stock prices in other companies. Disney's current market value is $167 billion, and the company has announced an aggressive cost-cutting plan. ValueAct's history of board involvement and strategic initiatives in other companies suggests potential for a similar impact at Disney, especially with the ongoing proxy fight with Nelson Peltz and Trian Partners.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:05 pm

TLRY

Tilray Brands, Inc. has expanded its cannabis beverage portfolio with new products from its XMG and Mollo brands, featuring THC, CBG, and CBD. The new offerings include a variety of flavors and cannabinoid profiles, with XMG introducing four new drinks and Mollo launching three. Tilray's President of Canada, Blair MacNeil, highlighted the company's leadership in the cannabis beverage market and its commitment to innovation. Tilray's stock (NASDAQ:TLRY) saw a pre-market increase of 1.73% to $1.76 per share.

Portfolio Pulse from Nina Zdinjak

November 15, 2023 | 2:04 pm

USEA

United Maritime (NASDAQ:USEA) reported a significant increase in Q3 earnings per share (EPS) to $0.95, up from $0.08 YoY, and a 48.78% increase in sales to $11.68M from $7.85M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:03 pm

ALB

AMZN

BF-B

CHWY

CRWD

DRS

HUBS

NYCB

SRPT

USB

Jim Cramer shared his opinions on several stocks during CNBC's 'Mad Money Lightning Round.' He expressed optimism for HubSpot (HUBS) and CrowdStrike (CRWD), caution for New York Community Bancorp (NYCB) and Albemarle Corporation (ALB), and skepticism for Chewy (CHWY) due to competition from Amazon (AMZN). He was not favorable towards Sarepta Therapeutics (SRPT) and C3.ai (AI) due to financial losses and hype. Cramer saw potential in Leonardo DRS (DRS) and recommended US Bancorp (USB) for those interested in regional banks. He also mentioned concerns about Brown-Forman Corporation (BF-B) related to potential trials for heavy drinkers.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 2:03 pm

DSX

Diana Shipping Inc. reported Q3 earnings of $0.06 per share, missing the consensus estimate of $0.07, representing a 14.29% miss and an 83.78% decrease from the previous year's $0.37 per share. Quarterly sales were $62.06M, falling short of the $64.57M estimate by 3.88% and marking a 15.92% decrease from the prior year's $73.81M.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:03 pm

ABVC

ABVC BioPharma reported a narrower Q3 loss of $(0.82) per share compared to $(1.10) per share in the same quarter last year. However, sales declined to $15.88K from $42.27K in the same period last year, representing a 62.42% decrease.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:02 pm