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SPCB

SuperCom (NASDAQ:SPCB) has announced the pricing of its public offering of 3,235,295 units at $0.85 per unit with a single institutional investor. The offering is expected to close on August 3, 2023, and is expected to generate gross proceeds of approximately $2.75 million before deducting placement agent fees and other offering expenses. Maxim Group LLC is acting as the sole placement agent for this public offering.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:18 am

MOS

Mosaic Co reported a 37% Y/Y decline in Q2 FY23 revenues to $3.39 billion, beating the consensus of $3.12 billion, due to lower selling prices. EPS of $1.04 missed the consensus of $1.12. Adjusted EBITDA was $744 million, down from $2.0 billion a year ago. The company returned $676 million to shareholders via share repurchases and dividends in H1 2023. Mosaic expects capital expenditures of $1.3 billion-$1.4 billion in 2023. Shares are trading lower by around 3% premarket.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 11:17 am

HUM

Humana Inc reported Q2 adjusted EPS of $8.94, beating the consensus of $8.88. The insurer's adjusted revenue was $25.73 billion, up from $22.54 billion a year ago, but below the consensus of $25.82 billion. Humana's individual Medicare Advantage enrollment rose 15.7% to 5.26 million. The company's Q2 profits rose 37.8% to $959 million. Humana reaffirmed its adjusted EPS guidance of at least $28.25 and raised its 2023 individual Medicare Advantage membership growth by 50,000 to about 825,000. HUM shares are up 5.84% at $484.88 during the premarket session.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:16 am

SHIP

Seanergy Maritime Holdings has projected its Q3 Time Charter Equivalent (TCE) rate to be approximately $16.710.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:16 am

EOSE

LIFE

YELL

Insiders at aTyr Pharma, Yellow Corporation, and Eos Energy Enterprises have recently made significant purchases of their companies' stocks. aTyr Pharma's CEO acquired 15,000 shares, Yellow Corporation's 10% owner bought 9,295,852 shares, and a director at Eos Energy Enterprises purchased 5,000 shares. Piper Sandler has maintained an Overweight rating on aTyr Pharma and raised the price target from $13 to $20. Yellow Corporation has reportedly terminated its operations due to debt and issues with the Teamsters Union. Eos Energy Enterprises projects to record revenue of $0.2 million for the quarter ended June 30, 2023.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:16 am

ADMP

AHI

MDXG

MEDS

SILK

In Wednesday's pre-market session, several health care stocks showed significant movement. Trxade Health (MEDS), Advanced Health (AHI), Abeona Therapeutics (ABEO), MiMedx Group (MDXG), KalVista Pharma (KALV), and China SXT Pharmaceuticals (SXTC) saw gains, while Adamis Pharmaceuticals (ADMP), Aptevo Therapeutics (APVO), Meihua Intl Medical Techs (MHUA), Femasys (FEMY), Eledon Pharma (ELDN), and Silk Road Medical (SILK) experienced losses. MiMedx Group and Silk Road Medical released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:16 am

CDLX

MGAM

In Wednesday's pre-market session, several communication services stocks saw significant movement. Cardlytics (CDLX), Super League Gaming (SLGG), Moving iMage Technologies (MITQ), Match Group (MTCH), Reservoir Media (RSVR), and Starbox Group Hldgs (STBX) all saw increases, with Cardlytics leading the gainers with a 19.1% rise. On the other hand, Mobile Global Esports (MGAM), Motorsport Games (MSGM), Lumen Technologies (LUMN), Telefonica (TEF), trivago (TRVG), and iClick Interactive Asia (ICLK) all experienced declines, with Mobile Global Esports leading the losers with a 19.6% drop.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:16 am

ALB

PCRFY

Citi Bank predicts a surge in EV battery demand and has revealed its top four stock picks, which include Contemporary Amperex Technology Co (CATL), LG Energy Solution, Panasonic (OTC:PCRFY), and Albemarle (NYSE:ALB). The bank believes the U.S. Inflation Reduction Act could significantly boost EV penetration in the U.S., despite restrictions on critical minerals and components. EV battery demand is projected to rise 22% YoY in 2023, with demand set to accelerate again in 2024 and 2025.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 11:16 am

DRVN

GNRC

POWL

VRT

The article reports on the movement of 12 industrial stocks in Wednesday's pre-market session. Powell Industries, Vertiv Hldgs, Byrna Technologies, Builders FirstSource, Nxu, and Ambipar Emergency were the gainers, with their shares moving upwards. Driven Brands Hldgs, Generac Hldgs, voxeljet, Sunworks, Paycom Software, and iSun were the losers, with their shares decreasing.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:16 am

GNRC

Generac shares are trading lower after the company reported worse-than-expected Q2 results. The company also anticipates lower residential product sales during the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:16 am