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PD

PagerDuty has announced a proposed private placement of $350 million of convertible senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:43 pm

COHR

Coherent announced that Denso Corporation and Mitsubishi Electric Corporation will invest a total of $1 billion in its silicon carbide business. This has led to an increase in Coherent's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:42 pm

PBTS

Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) has regained compliance with the Nasdaq minimum bid price requirement. The company's ordinary shares have been at $1.00 per share or greater for 10 consecutive trading days, from September 22 to October 5, 2023. Previously, the company was not in compliance with the minimum bid price requirement for 30 consecutive business days from June 28, 2023 to August 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:41 pm

CAMP

CRNC

GNSS

MAXN

WKEY

The article lists five tech stocks that are currently oversold, presenting a potential buying opportunity. The stocks are WISeKey International Holding AG (WKEY), Maxeon Solar Technologies (MAXN), Cerence Inc. (CRNC), CalAmp Corp. (CAMP), and Genasys Inc. (GNSS). All these stocks have an RSI value below 30, indicating they are oversold. The article also provides recent price actions and analyst ratings for these stocks.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 12:41 pm

IMAX

IMAX Corporation's proposal to acquire the outstanding 96.3 million shares of IMAX China has been rejected by shareholders, despite 70% voting in favor. The votes against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. IMAX CEO Rich Gelfond stated that the company will explore other means of creating shareholder value, such as share repurchases of IMAX Corporation stock.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:39 pm

DM

Desktop Metal, Inc. (NYSE:DM) has launched the ETEC Pro XL, a premium polymer DLP printer that is priced at less than half of its predecessor. The ETEC Pro XL features a large build area, a 4K ultra high-definition projector, and HyperPrint technology that enhances DLP print times. The printer can process a wide range of industrial, jewelry casting, and health photopolymers, including specified resins from third-party providers such as Henkel Loctite, Evonik, and BASF.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:39 pm

AZZ

NEOG

PD

PEP

SAR

PepsiCo, Saratoga Investment Corp., Neogen Corporation, PagerDuty, and AZZ Inc. are stocks to watch on Tuesday. PepsiCo and Saratoga reported positive Q3 earnings, leading to a rise in their pre-market shares. Neogen's shares fell after reporting its latest quarterly earnings. PagerDuty announced a proposed private placement of $350 million of convertible senior notes, leading to a decline in its shares. AZZ is expected to post quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 12:37 pm

AKRO

Akero Therapeutics reported a 36-week analysis of its Phase 2b SYMMETRY study evaluating the efficacy and safety of its lead product candidate efruxifermin. Following the news, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:36 pm

BLDP

Ballard Power Systems (NASDAQ:BLDP) has received multiple purchase orders for 177 hydrogen fuel cell engines from Solaris Bus & Coach. The orders include the supply of fuel cell engines for the largest announced deployment of a fleet of fuel cell city buses in Europe, with 127 Solaris fuel cell buses to be deployed in Bologna, Italy. Ballard also received orders for a further 50 modules to power Solaris fuel cell buses in Germany and Italy. Initial deliveries are expected in 2023, with the remainder to ship from 2024 through 2026.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:34 pm

JNJ

K

SOPA

Society Pass Inc. (NASDAQ:SOPA) plans to spin out its digital advertising ecosystem, Thoughtful Media Group Inc, and its online travel platform, NusaTrip Inc, into new publicly-traded companies via Nasdaq IPOs in 2024. The company believes this will unlock shareholder value as investors can more clearly evaluate the performance and future potential of these profitable businesses. The CEO of SoPa, Raynauld Liang, noted that this action follows the leads of Johnson & Johnson and Kellogg's spinning out operating subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:31 pm