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ATIP

ATI Physical Therapy has approved a 1-for-50 reverse stock split, which will become effective at 4:01 PM Eastern Time on June 14.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 10:02 am

SBOW

Riposte Capital, an investor in Silverbow Resources (SBOW), has called on the company to explore a sale, citing underperformance and potential value maximization.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:02 am

INTC

NVDA

TSLA

The S&P 500 closed higher on Tuesday as consumer price inflation eased to 4.0% in May. Investors await the Fed's interest rate decision on Wednesday. Intel shares rose 2.5% on reports of potential investment in Arm's IPO. The Nasdaq 100 rose 0.79% with gains in NVIDIA and Tesla shares.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 9:50 am

LOGI

Logitech International SA (NASDAQ:LOGI) announced the departure of its CEO, Bracken Darrell, effective June 13, 2023. Guy Gecht, a non-executive board member, will serve as interim CEO. Logitech reported Q4 FY23 revenue of $960.1 million and adjusted EPS of $0.50, both beating consensus estimates. LOGI shares are trading lower by 9.47% at $57.85 premarket.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 9:48 am

LOGI

Logitech shares are trading lower following the announcement of its CEO departure on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 9:47 am

SHEL

Shell PLC (NYSE:SHEL) announced a 15% increase in dividend per share effective Q2 2023 and a share repurchase of at least $5 billion for H2 2023. The company plans to maintain stable oil production until 2030 and enhance its Integrated Gas business. Shell also aims to cut annual operating costs by $2-$3 billion by 2025 and targets net-zero emissions by 2050.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 9:40 am

BABA

BIDU

FXI

JD

PDD

SPY

US-traded shares of Chinese stocks are lower after a report that a bipartisan group of US lawmakers plans to introduce a bill on Wednesday to eliminate tariff exemptions used by e-commerce sellers to send orders from China to US shoppers.

Portfolio Pulse from Charles Gross

June 14, 2023 | 9:38 am

UNH

UnitedHealth Group shares fell 4.1% premarket after the CEO reported elevated volumes of non-urgent surgeries at an analyst conference.

Portfolio Pulse from Charles Gross

June 14, 2023 | 9:12 am

KYMR

Kymera Therapeutics announced new data showing that its oncology programs KT-333 and KT-413 continue to demonstrate robust dose-dependent target knockdown in ongoing Phase 1A dose escalation trials, with no dose-limiting toxicities observed.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:35 am

IRON

Disc Medicine has priced its upsized public offering of 2.59 million shares and pre-funded warrants to purchase 204,081 shares at $49.00 per share, with gross proceeds of $137.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:16 am