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COTY

Coty Inc. has announced the launch of a global offering of 33 million shares of its Class A common stock. The offering will be made to the public in the United States and on a private placement basis outside of the United States. Coty has applied for the listing and trading of its Class A Common Stock on the professional segment of Euronext Paris. The company intends to use the net proceeds from the offering primarily to retire principal amount of outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:34 pm

COTY

Coty Inc. has announced that it has filed for a stock shelf offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:32 pm

AKA

a.k.a. Brands has announced a 1-for-12 reverse stock split, which will become effective on September 29.

Portfolio Pulse from Bill Haddad

September 25, 2023 | 8:32 pm

CLNN

Clene Inc. (NASDAQ:CLNN) has released long-term follow-up data for patients treated with CNM-Au8 30mg in the HEALEY ALS Platform Trial, showing significantly improved survival and a 49% decreased risk of death. In a pooled analysis of the HEALEY ALS Platform Trial and the RESCUE-ALS Trial, participants demonstrated a statistically significant 59% decreased risk of death compared to placebo patients. No serious adverse events have been related to CNM-Au8 treatment. The company's shares were up 0.22% at $0.46 on the last check Monday.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 8:25 pm

IMMX

Immix Biopharma Inc has filed for a shelf of up to 5.2 million shares of common stock by a selling stockholder, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:23 pm

UNCY

Unicycive Therapeutics Inc has received a notice from Nasdaq stating that the company is not in compliance with the $1.00 minimum bid price requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:23 pm

AMZN

MSFT

SPY

The S&P 500 index saw modest gains on Monday, breaking a four-session losing streak. The index is recovering from its second-worst week of the year, with a 2.9% decline. Among the top 10 components of the S&P 500 index, nine stocks recorded gains, with Microsoft being the exception. Amazon provided the most substantial boost to the market’s daily performance with a 1.6% increase. However, a surge in Treasury yields somewhat restrained the bullish sentiment. The S&P 500 has experienced a 6% decline since its peak in July, with a critical level to monitor being 4,200, which could signal a major trend reversal for the broader market.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 8:22 pm

THO

Thor Industries has projected its FY24 consolidated net sales to be between $10.5B and $11.0B, with an estimated EPS of $6.25-$7.25. The company also anticipates a consolidated gross profit margin in the range of 14.5% to 15.0%.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:19 pm

VAPO

Vapotherm Inc (NASDAQ:VAPO) announced the results of a clinical trial showing its high flow humidified oxygen therapy to be more effective than standard oxygen therapy in treating children with acute severe asthma. The study found that fewer children treated with Vapotherm's therapy required escalation of treatment and met hospital discharge criteria sooner. Despite the positive trial results, VAPO shares are down 3.85%.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 8:16 pm

SHW

Sherwin-Williams Inc.'s (NYSE:SHW) share price increased by 0.60% in the current market session to $256.21. Despite a 5.27% decrease over the past month, the stock has risen by 22.85% over the past year. The company's P/E ratio of 28.27 is lower than the Chemicals industry average of 36.56, which could indicate that the stock is undervalued or has weaker growth prospects.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 8:15 pm