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PIXY

ShiftPixy shares have been halted after experiencing a significant increase, with the stock now up by 150.0%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:33 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) has terminated the lease for its former headquarters in Minnetonka, Minnesota, resulting in expected savings of approximately $480,000. The lease was originally set to expire in 2027, and the termination will save the company $17,500 per month in rent. A one-time buyout fee will be paid over 14 months.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:32 pm

MET

MetLife Inc. (NYSE:MET) is trading at $85.60, with a 0.49% increase in the current session. Over the past month, the stock rose by 5.77%, and by 42.66% over the past year. Its P/E ratio of 23.15 is higher than the insurance industry average of 18.7, suggesting potential overvaluation or expected future performance.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 1:30 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell after announcing a public offering of 262.4 million shares, expecting $1.67 billion in gross proceeds. Majority shareholder Ayar Third Investment Company, an affiliate of the Public Investment Fund, will purchase additional shares to maintain a 58.8% stake. The offering is set to close on Oct. 18, with proceeds used for general corporate purposes.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 1:27 pm

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY) has announced the acquisition of TurboScale, an AI technology company, for $150 million. This acquisition aims to enhance ShiftPixy's workforce management capabilities with AI-powered features. The deal is structured with $75 million in stock and $75 million in debt. Following the announcement, PIXY shares surged by 149.8% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 1:24 pm

EQX

Equinox Gold Corp. (AMEX:EQX) shares fell premarket after the company lowered its 2024 production guidance for the Greenstone Gold Mine. Despite a significant increase in Q3 production, the company revised its guidance from 175,000-205,000 ounces to 110,000-130,000 ounces. The company is focused on ramping up mining rates and plant throughput to achieve design capacity.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 1:23 pm

GEVO

Gevo Inc (NASDAQ:GEVO) shares surged after announcing a conditional loan guarantee from the U.S. Department of Energy for its Net-Zero 1 project, aimed at producing sustainable aviation fuel. The DOE's commitment totals $1.46 billion, with a borrowing capacity of $1.63 billion.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 1:22 pm

SPY

The USA's industrial production for September decreased by 0.3%, which is worse than the expected decrease of 0.1% and a reversal from the 0.3% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:16 pm

SPY

The USA's capacity utilization rate for September was reported at 77.5%, which is below the estimated 77.9% and the prior month's rate of 77.8%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:15 pm

SLQT

SelectQuote, Inc. (NYSE:SLQT) shares surged after announcing a $100 million securitization deal, which will help reduce debt and lower capital costs. The transaction extends debt maturity and improves financial stability, despite recent earnings misses.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 1:15 pm