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OLN

Olin Corp's CEO, Scott Sutton, will step down from his roles as President, CEO, and Chairman of the Board in the first half of 2024. Sutton has led a strategic transformation of Olin since 2020. The company reported a 34.9% YoY decrease in Q2 FY23 revenue to $1.7 billion, missing the consensus of $1.86 billion. Olin expects Q3 2023 adjusted EBITDA to be approximately 10% lower than Q2 2023 levels due to the difficult global economic environment and operating issues at its Texas facility.

Portfolio Pulse from Shivani Kumaresan

September 01, 2023 | 4:26 pm

TIO

Tingo's stock price is experiencing a downturn due to further negative remarks from Hindenburg Research.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:17 pm

AMC

AMC Entertainment Holdings, Inc. (NASDAQ:AMC) shares are trading higher after the company announced record-breaking ticket sales for the 'Taylor Swift - The Eras Tour' concert film. The film generated $26 million in revenue and set a new record for ticket sales for a single title on one day at AMC theaters. AMC is also acting as the theatrical distributor for the concert film and is securing locations and screens with numerous other movie theater operators.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 4:13 pm

AMC

AMC Entertainment announced that the 'Taylor Swift - The Eras Tour' concert film has broken advance ticket sales records, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 4:13 pm

BNO

CVX

XOM

Saudi Arabia is reportedly considering selling up to $50 billion worth of shares in Aramco, the world's most valuable oil company, on the Riyadh exchange. This could be the largest offering in capital market history. The launch of these shares may occur before the end of the year. Aramco has been in talks with potential investors, including multinational oil companies and sovereign-wealth funds.

Portfolio Pulse from Vandana Singh

September 01, 2023 | 4:09 pm

ADTX

DELL

NVOS

OLN

TAOP

TIO

U.S. stocks traded mostly lower with the NASDAQ falling 0.30% and the S&P 500 dropping 0.09%. Dell Technologies Inc. (DELL) shares rose by 25% after reporting better-than-expected Q2 results and raising its outlook for the year. Taoping Inc. (TAOP) shares increased by 42% following a YoY increase in H1 EPS and sales results. Novo Integrated Sciences, Inc. (NVOS) shares gained 41% after receiving an Underwriting Clearance Notice for a $70 million coupon. Aditxt, Inc. (ADTX) shares dropped 52% after announcing a $10 million private placement. Tingo Group, Inc. (TIO) shares fell by 19% after failing to satisfy Hindenburg's concerns. Olin Corporation (OLN) shares fell by 14% after announcing the CEO's departure in 2024.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 4:07 pm

HARP

Harpoon Therapeutics has approved a reverse stock split of the company's outstanding common stock at a ratio of one-for-ten, effective August 15.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 4:04 pm

WBD

A significant amount of unusual options activity has been observed for Warner Bros. Discovery (NASDAQ:WBD), with a mix of bullish and bearish stances. Whales have been targeting a price range from $2.5 to $15.0 for the company over the last 3 months. The company's stock price is currently down by 9.74% at $11.86. Analysts from Barclays, Truist Securities, Morgan Stanley, and Benchmark have provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:01 pm

ATVI

A significant bullish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $70.0 to $92.5 for Activision Blizzard over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:01 pm

TCN

Over the past 3 months, 4 analysts have published their opinion on Tricon Residential (NYSE:TCN) stock. The average price target is $9.94, implying an upside from the current price of $8.45. The average price target has increased by 13.6% over the past month.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:00 pm