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SMX

Security Matters has filed with the SEC for the resale of up to 27.5 million ordinary shares by selling stockholders. This move could potentially increase the liquidity of SMX shares in the market but may also dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:28 pm

GEV

GE Vernova Inc. (NYSE:GEV) advises shareholders to reject TRC Capital's mini-tender offer to buy 1M shares at $155 each, 7.39% below the market price. The offer's conditions could result in shareholders receiving a below-market price.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:22 pm

JAN

JanOne Inc. shares surged following the announcement of a Definitive Agreement to acquire Alt 5 Sigma, indicating a strategic move to expand its business operations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:20 pm

ENTX

Entera Bio (NASDAQ:ENTX) reported Q1 earnings of $0.05 per share, surpassing the analyst consensus estimate of $(0.06) by 183.33%. This represents a significant improvement from the $(0.08) per share loss reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:18 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen a notable bearish sentiment in options trading, with a mix of bullish and bearish trades. The trading range is predicted between $155.0 and $200.0. Recent options activity includes both puts and calls with varying sentiments and strike prices. The company operates 13 refineries and has a significant presence in renewable diesel production. Despite a slight price drop, analysts have issued positive ratings with target prices ranging from $195 to $207.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 8:18 pm

CPG

Crescent Point Energy Corp. has officially changed its name to Veren Inc., with shareholder approval at its AGM on May 10, 2024. Shares of Veren are set to trade under the new symbol 'VRN' on the TSX and NYSE starting around May 15, 2024. A new website will also be launched to reflect the change.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:17 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are currently facing a downturn, with Bitcoin barely holding onto the $60,000 level amid various challenges including falling consumer sentiment and a significant amount of token unlocks. Major cryptocurrencies have seen declines, with Bitcoin, Ethereum, Dogecoin, and others experiencing drops in their values. Despite this, there's a notable increase in Bitcoin's large transaction volume and exchange inflows/outflows. Additionally, Bitcoin ETFs have seen net inflows, and there are predictions of Bitcoin's price reaching $1M by 2030. Analysts suggest that Bitcoin may have one more significant upward move before topping out, with altcoins expected to outperform.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 8:16 pm

CIM

Chimera Investment has announced a 1-for-3 reverse stock split, a move that will reduce the number of shares outstanding and typically aims to increase the stock price by consolidating shares. This action is often taken by companies seeking to meet exchange listing requirements or to improve the stock's appeal to investors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:16 pm

JAN

JanOne Inc. has announced the acquisition of blockchain financial technology provider ALT 5 Sigma Inc., with the transaction expected to close the week of May 13th, 2024. ALT 5 Sigma's transactional processing volume exceeded $1.1 billion in 2023 and over $450 million in Q1 2024. As part of the agreement, JanOne will issue shares to ALT 5's former stockholders, making ALT 5 and its subsidiaries wholly owned subsidiaries of JanOne.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:15 pm

IIIV

i3 Verticals traded lower after the company cut its FY24 outlook, indicating a potential decrease in future financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:11 pm