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XNET

Xunlei Limited (NASDAQ:XNET), a Chinese shared cloud computing and blockchain technology innovator, has announced a new $20 million share repurchase program approved by its board of directors. The program will last for the next 12 months, with the board reviewing and adjusting its size and terms if necessary.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:02 pm

MKC

In the last quarter, 6 analysts provided ratings for McCormick & Co (NYSE:MKC), with 1 bullish, 2 indifferent, and 3 bearish. The average 12-month price target is $78.17, up 11.67% from the previous average of $70.00.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 12:02 pm

FAT

Fat Brands Inc. plans to spin off its Twin Peaks sports bar business through an IPO in the next 6-12 months, aiming for a valuation of $750 million to $1 billion. The move is intended to maximize shareholder value and boost growth. Twin Peaks has expanded to 115 locations, a 40% increase since its acquisition by Fat Brands in 2021.

Portfolio Pulse from Akanksha Bakshi

June 06, 2023 | 11:56 am

DISH

HUN

MTB

Insiders at DISH Network, M&T Bank, and Huntsman have recently made notable stock purchases. DISH Network Director James Defranco acquired 300,000 shares at an average price of $6.00, costing around $1.8 million. M&T Bank Sr. EVP and CFO Daryl Bible bought 10,000 shares at an average price of $120.61, costing around $1.21 million. Huntsman Exec VP, GC and Sec David Stryker purchased 2,500 shares at an average price of $24.50, costing around $61.25 thousand.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 11:47 am

EZGO

EZGO Technologies has entered into a securities purchase agreement to sell 10 million shares at $0.85 per unit, raising approximately $8.47 million. The company plans to use the proceeds for working capital and general business purposes. EZGO shares are trading lower by 10.5% at $1.36 in premarket.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 11:47 am

F

TSLA

Ford CEO Jim Farley compared Tesla's heavy discount strategy to Henry Ford's Model T pricing mistake, which nearly led to bankruptcy. Tesla's price cuts have boosted Q1 deliveries but may reduce demand elasticity.

Portfolio Pulse from Anan Ashraf

June 06, 2023 | 11:45 am

FRZA

Forza X1 shares are up 30% premarket after the company announced the FORZA X1 ELECTRIFIED event, scheduled for Saturday, July 8th, 2023.

Portfolio Pulse from Charles Gross

June 06, 2023 | 11:41 am

EDU

New Oriental Education & Technology Group (NYSE:EDU) extends its share repurchase program through May 31, 2024. The company has repurchased $191 million worth of ADSs and has a balance of $209 million remaining. EDU reported Q3 FY23 sales growth of 22.8% YoY to $754.15 million.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 11:39 am

WELL

Welltower has raised its 2023 normalized FFO guidance from $3.39-$3.54 to $3.43-$3.56, indicating a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 11:35 am

CASY

Casey's General Stores (NASDAQ:CASY) is expected to report a slight decline in Q4 earnings, with analysts predicting $1.59 per share compared to $1.60 a year ago. The company's revenue is estimated at $3.39 billion. Shares closed at $227.92 on Monday.

Portfolio Pulse from Lisa Levin

June 06, 2023 | 11:35 am