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TPL

Texas Pacific Land Corporation (NYSE:TPL) announced a $10.00 per share special dividend, payable on July 15, 2024, to stockholders of record on July 1, 2024. This is the largest special dividend in TPL's history, representing a 50% increase from the previous special dividend. The company also set a target cash balance of approximately $700 million, with plans to use excess cash for share repurchases and dividends.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:17 pm

ACAB

Atlantic Coastal Acquisition Corp. II (ACAB) has received a deficiency notification from Nasdaq, indicating that the company is not in compliance with the exchange's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:17 pm

BURU

NYSE American has announced that it will begin delisting proceedings against Nuburu, with trading to be suspended immediately.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:17 pm

VXRT

Vaxart shares are trading higher after receiving a BARDA-funded Project NextGen award valued up to $453 million to conduct a Phase 2b study for its COVID-19 oral pill vaccine candidate.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:16 pm

AAPL

AMZN

AVGO

DIA

EBAY

MSFT

NVDA

QQQ

The article discusses the current surge in tech stocks driven by AI, comparing it to the dot-com bubble of the early 2000s. Companies like NVIDIA, Broadcom, Microsoft, and Apple are leading this trend, with the Nasdaq 100's performance surpassing the Dow Jones Industrial Average. Despite the high valuations, the fundamentals are stronger now than during the dot-com era, suggesting a less severe bubble risk.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 8:16 pm

NB

NioCorp Developments has announced a $200 million offering of common shares, warrants, and units. The securities may be sold directly or through underwriters and agents. The last reported sale price of NioCorp's common shares on Nasdaq was $2.14 on June 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:15 pm

RFIL

RF Industries (NASDAQ:RFIL) reported Q2 2024 adjusted EPS of $0.01, beating the estimate of $(0.03) by 133.33%. However, sales of $16.110M missed the $16.278M estimate by 1.03%, marking a 27.75% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:12 pm

POWW

AMMO shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:12 pm

POWW

AMMO (NASDAQ:POWW) reported Q4 earnings of $0.01 per share, beating the analyst estimate of $(0.01) by 200%. Sales were $40.42M, surpassing the $37.90M estimate by 6.65%. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:11 pm

OCUL

Ocular Therapeutix has enrolled 151 subjects in the SOL-1 pivotal study of AXPAXLI for wet AMD and plans a repeat dosing study (SOL-R). The 48-week HELIOS NPDR study results show significant improvement in patients treated with AXPAXLI.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:10 pm