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MNTS

Momentus Inc. (NASDAQ:MNTS) received a deficiency notification from Nasdaq for not filing its Form 10-K for the year ended December 31, 2023, on time. The notice does not immediately affect its Nasdaq listing. Momentus has 60 days to file the Form 10-K or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 days to regain compliance. Failure to comply may lead to delisting, but Momentus intends to file the Form 10-K as soon as possible.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:13 pm

APDN

Applied DNA Sciences, Inc. (APDN) announced a 1-for-20 reverse stock split effective April 25, 2024. The split-adjusted trading will start on the same day on the Nasdaq Capital Market under the new CUSIP number 03815U409. This action will reduce the issued and outstanding shares from approximately 17.26 million to about 863,000 shares. Adjustments will be made to outstanding stock options, restricted stock units, and warrants, including exercise or conversion prices. No fractional shares will be issued; instead, they will be rounded up to the nearest whole share.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:12 pm

SAP

SAP shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:12 pm

PHYT

Pyrophyte Acquisition Corp. (PHYT) has received a notice from the NYSE for not filing its Form 10-K on time. This notice is a standard procedure for companies that fail to meet the SEC's filing deadlines. PHYT is required to submit a plan to regain compliance within six months to avoid potential delisting. The company's stock may face volatility as investors react to the news of the delayed filing and the risk of delisting.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:10 pm

AMP

Ameriprise Financial (AMP) reported Q1 2024 adjusted EPS of $8.39, surpassing the $8.20 estimate, with sales of $4.146B also beating the $4.121B estimate, marking a 10.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:10 pm

CDNS

Cadence Design System's shares dropped following its announcement of Q2 adjusted EPS and sales guidance below market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:08 pm

DCO

Albion River LLC, through its affiliate Ignium LP, has increased its equity holdings in Ducommun Incorporated (NYSE:DCO) to over 9.2%, owning more shares than all of Ducommun's management and Board of Directors combined. Following Albion's bid disclosure, Ducommun's stock reached a 52-week high but then dropped 11% after the company announced it is not for sale. Albion criticizes the board's refusal to sell and suggests stock-based compensation be aligned with a $60 strike price to maximize shareholder value. Albion plans to make its case to shareholders at the upcoming Annual General Meeting on April 24th.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:08 pm

CLF

Cleveland-Cliffs has announced a new $1.5 billion share repurchase program, signaling confidence in its financial health and future prospects. This move is likely to be well-received by investors as it often indicates a company's belief in its undervalued stock and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:07 pm

AU

AYA

GDX

NEM

SIL

Gold prices fell 2.7% to below $2,350, and silver dropped 5.1%, affecting mining stocks significantly. The VanEck Gold Miners ETF (GDX) and Global X Silver Miners ETF (SIL) saw declines of 4.3% and over 3%, respectively. Major mining companies like Aya Gold & Silver Inc. (AYA), AngloGold Ashanti plc (AU), and Newmont Corporation (NEM) experienced notable drops in their stock prices. The market's shift is attributed to reduced geopolitical risks and anticipation of key U.S. economic data releases.

Portfolio Pulse from Piero Cingari

April 22, 2024 | 8:07 pm

SFBS

Servisfirst Bancshares (SFBS) reported Q1 2024 earnings of $0.94 per share, surpassing the $0.88 estimate, with sales of $111.308M also beating the $109.100M estimate, despite a 2.89% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:05 pm