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SNX

TD SYNNEX Corporation (SNX) has announced a secondary public offering of 6.75 million shares of its common stock held by entities managed by affiliates of Apollo Global Management and other selling stockholders. The underwriters have a 30-day option to purchase up to an additional 1.01 million shares. TD SYNNEX is also authorized to purchase 2.75 million shares as part of the offering, provided the total amount repurchased does not exceed $280 million. The repurchase is part of the company's existing share repurchase program and will be funded from existing cash on hand.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:34 pm

HOFV

Hall of Fame Resort & Entertainment has announced a proposed public offering of common stock and warrants. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:31 pm

VALE

A significant amount of unusual options activity has been observed for Vale (NYSE:VALE), with a majority of investors taking a bullish stance. Of the 20 strange trades detected, 70% were bullish and 30% were bearish. The total amount for puts was $899,749 and for calls was $369,906. Whales have been targeting a price range from $10.0 to $20.0 for Vale over the last 3 months. The price of VALE is currently up 2.64% at $13.2.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 8:30 pm

DVN

A significant bearish stance has been taken on Devon Energy (NYSE:DVN) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish. Whales have been targeting a price range from $39.0 to $52.5 for Devon Energy over the last 3 months. The current price of DVN is $46.08. Analysts from Mizuho, Morgan Stanley, Citigroup, and UBS have maintained their ratings on Devon Energy with price targets ranging from $51 to $62.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 8:30 pm

ETWO

E2open reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:29 pm

SILK

Silk Road Medical has announced preliminary Q3 revenue results that are below estimates. The company also issued FY23 revenue guidance that is lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:28 pm

DHT

DHT Holdings, Inc. (NYSE:DHT) has provided a business update for Q3 2023, estimating time charter equivalent earnings for its fleet at $42,500 per day. This includes $35,500 per day for the Company's VLCCs on time-charter and $44,700 per day for the Company's VLCCs operating in the spot market. In Q4 2023, 38% of the available VLCC spot days have been booked at an average rate of $34,800 per day, and 50% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $35,000 per day.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:27 pm

SANA

Sana Biotechnology announced a portfolio update and a strategic repositioning that will result in a 29% reduction in headcount. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:25 pm

SILK

Silk Road Medical has projected its FY23 revenue to be between $170M-$174M, which is lower than the estimated $181.66M.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 8:24 pm

SANA

Sana Biotechnology has announced plans to reduce near-term spending on its Fusogen platform for in vivo gene delivery. This decision will postpone the planned Investigational New Drug (IND) application for SG299.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:23 pm