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GSMG

Glory Star New Media Group Holdings Limited (GSMG) has announced a new round of private placement of 8,064,516 shares at $2.48 per share, raising $20 million in total.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:13 pm

ET

Shares of Energy Transfer LP have resumed trading.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:13 pm

A

Agilent Technologies reported better-than-expected Q3 earnings but lowered its full-year guidance. The company's shares lost 2.6% in pre-market trading. Analysts from Barclays, Credit Suisse, and Baird have revised their price targets for Agilent following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:13 pm

EBAY

HOOD

SPGI

VZ

Insiders at Robinhood Markets, S&P Global, Verizon Communications, and eBay have recently sold significant amounts of shares. Robinhood's Chief Creative Officer sold 81,548 shares, S&P Global's President of Market Intelligence sold 10,000 shares, Verizon's EVP & Chief HR Officer sold 12,557 shares, and eBay's SVP, Chief Product Officer sold 5,679 shares. The reasons for these sales are not clear, but they come amid mixed financial results for the companies.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:11 pm

BA

EADSY

Boeing Co has appointed Alvin Liu, a Chinese-born executive, as the head of its China unit amidst ongoing Sino-US tensions. This move is significant as China accounts for about a quarter of global aircraft imports. Liu joined Boeing in 2022 from the auto industry. Boeing estimates that China will require 8,500 new airplanes and $550 billion in commercial services in the next 20 years. Both Boeing and Airbus SE now have China-born top executives for the region.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 12:11 pm

TAOP

Taoping Inc. has regained compliance with Nasdaq's minimum bid price requirement, thus avoiding potential delisting.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:10 pm

RVLP

RVL Pharmaceuticals has announced a registered direct offering of 11,870,846 shares priced at $0.4212 per share, raising $5 million in total.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:09 pm

FTNT

MAR

PYPL

Josh Brown of Ritholtz Wealth Management advised against investing in PayPal Holdings, Inc. (NASDAQ:PYPL), calling it a 'huge value trap'. Stephanie Link of Hightower recommended buying Fortinet, Inc. (NASDAQ:FTNT) shares, despite the company's weak guidance. Joseph Terranova of Virtus Investment Partners disagreed with the recent downgrade of Marriott International, Inc. (NASDAQ:MAR) and recommended it as his final trade.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:09 pm

BWMN

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been awarded more than $1.7 million in two new engineering and survey contracts for separate mining projects in Southern Arizona. The contracts include a two-year master service agreement for a copper leach pad and engineering, survey, procurement, and engineer of record services for another copper leach pad.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:07 pm

SE

Sea Limited (NYSE:SE) reported lower than expected Q2 results, with a revenue growth of 5.2% YoY to $3.096 billion, missing the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. Following the announcement, Sea shares fell 28.7% to close at $40.58 on Tuesday. Analysts from B of A Securities, Bernstein, and Citigroup have lowered their price targets on Sea.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:02 pm