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EPOW

Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:42 am

LSAK

NWLI

RYAN

Three financial stocks, Lesaka Technologies Inc (LSAK), Ryan Specialty Holdings Inc (RYAN), and National Western Life Group Inc (NWLI), are currently overbought according to their RSI values, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 11:42 am

BMXI

MNPR

NXL

Insiders are buying shares of Monopar Therapeutics, Brookmount Explorations, and Nexalin Technology, indicating confidence in these companies. Monopar's COO bought shares following a collaboration extension, Brookmount's CEO acquired shares after strong sales, and Nexalin's CMO purchased shares following a patent announcement.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 11:42 am

EFTR

EFFECTOR Therapeutics shares are trading lower after the company announced it will terminate its employees and wind down operations. The company also plans to voluntarily request a delisting of its securities on the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:41 am

VSTO

Vista Outdoor shares are trading higher after the company announced that Czechoslovak Group has increased the purchase price consideration for The Kinetic Group business from $16 to $18 per share.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:40 am

VSTO

Vista Outdoor announced that Czechoslovak Group has increased the purchase price consideration for the Kinetic Group business from $16 to $18 per share.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:40 am

VKTX

Viking Therapeutics (NASDAQ:VKTX) presented preclinical data on its dual amylin and calcitonin receptor agonists (DACRAs) at the American Diabetes Association's 84th Scientific Sessions. The data showed significant reductions in body weight and improvements in metabolic markers in both lean rats and diet-induced obese mice, supporting the continued development of these compounds for obesity treatment.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:39 am

ALIM

ANIP

Alimera Sciences shares are trading higher after the company announced a definitive agreement to be acquired by ANI Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:39 am

PMTS

CPI Card Group Inc. (NASDAQ: PMTS) announced a private offering of $285 million in senior secured notes due 2029. The proceeds will be used to redeem existing 8.625% senior secured notes due 2026 and cover related expenses. The offering is subject to market conditions and will be available to qualified institutional buyers.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:37 am

RXO

TMFS

UPS

RXO, Inc. (NYSE:RXO) has agreed to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash. The deal, financed through equity and debt, is expected to close by the end of 2024 and will make RXO the third-largest provider of brokered transportation services in North America. The acquisition is anticipated to significantly enhance RXO's adjusted EPS and free cash flow, with expected annualized cost synergies of at least $25 million. RXO shares are up 13.8% premarket following the announcement.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 11:34 am