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SKWD

Skyward Specialty Insurance Group (NASDAQ: SKWD) has priced its secondary offering of 3.85 million shares at $23 per share. The Westaim Corporation and other selling shareholders granted underwriters a 30-day option to purchase up to an additional 577,500 shares. The offering is expected to close on June 12, 2023.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:15 am

MBLY

Mobileye Global Inc. has priced its secondary public offering of 38.5 million shares of Class A common stock at $42 per share. The offering is expected to close on June 12, 2023. Goldman Sachs, Morgan Stanley, and other major banks are managing the offering.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:13 am

IONS

Ionis Pharmaceuticals (NASDAQ: IONS) has priced a $500 million private placement of 1.75% Convertible Senior Notes due 2028. The company also granted initial purchasers an option to buy up to an additional $75 million of notes. Ionis expects to use the net proceeds to repurchase $434.1 million of its 0.125% Convertible Senior Notes due 2024 and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 9:12 am

BLBD

Blue Bird Corporation (NASDAQ:BLBD) has priced a secondary public offering of 4.5 million shares at $20 per share by certain stockholders. The offering is expected to close on June 12, 2023, and the company will not receive any proceeds from the offering.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:11 am

SLDP

Wolfe Research analyst Rod Lache downgraded Solid Power (NASDAQ:SLDP) from Peer Perform to Underperform and announced a $2 price target.

Portfolio Pulse from richadhand@benzinga.com

June 08, 2023 | 9:10 am

AKYA

Akoya Biosciences (NASDAQ: AKYA) has priced its public offering of 8.7 million shares of common stock at $5.00 per share, raising approximately $43.5 million. The company has granted underwriters a 30-day option to purchase up to an additional 1.3 million shares. The offering is expected to close on June 12, 2023.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:09 am

EVO

Citigroup analyst Peter Verdult has upgraded Evotec (NASDAQ:EVO) from Neutral to Buy.

Portfolio Pulse from richadhand@benzinga.com

June 08, 2023 | 9:01 am

BYDDF

FXI

LI

NIO

TSLA

XPEV

China Passenger Car Association reported a 7.3% increase in passenger car sales in China for May, with 1.76 million vehicles sold compared to April.

Portfolio Pulse from Charles Gross

June 08, 2023 | 8:54 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', warns of the 'greatest real estate crash ever' in 2023, making the 2008 financial crisis look insignificant. He recommends buying gold, silver, and Bitcoin (CRYPTO: BTC) as a hedge.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 8:40 am

DBI

GME

MTN

OXM

SIG

Signet Jewelers, GameStop, Oxford Industries, Designer Brands, and Vail Resorts are stocks to watch on Thursday. Signet and Designer Brands are set to report earnings, while Oxford Industries reported upbeat Q1 results but issued a weak forecast. GameStop reported worse-than-expected Q1 results and named Ryan Cohen as executive chairman.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 8:04 am