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ADSK

Autodesk has continued a controversial sales practice despite pledging to halt it, ignoring internal warnings about accounting risks. Activist investor Starboard Value is pushing for leadership changes over the handling of an accounting probe.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:31 pm

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XXII

On August 15, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Leafbuyer Techs, CLS Holdings USA, and Kaya Holdings, while Australis Capital and Greenlane Holdings were among the biggest losers.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 8:30 pm

FLEX

Flex Ltd. has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:29 pm

HRB

H&R Block has provided its fiscal year 2025 outlook, projecting revenue between $3.69 billion and $3.75 billion, EBITDA between $975 million and $1.02 billion, and an effective tax rate of approximately 13%. The company expects adjusted diluted EPS to be in the range of $5.15 to $5.35, significantly higher than the $4.30 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:26 pm

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DIS

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VOX

Trian Fund Management, led by Nelson Peltz, sold a significant portion of its stake in Disney but still retains a smaller position. The fund also made various other trades, including selling shares of Ferguson Plc and Sysco Corp., and buying shares of UHaul, Solventum Corporation, and Rentokil Initial. Disney's stock and related ETFs saw positive movement following the news.

Portfolio Pulse from Michael Juliano

August 15, 2024 | 8:25 pm

MACA

Moringa Acquisition shares are trading lower following the announcement of its completed business combination with Biomotion Sciences.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:24 pm

MDU

MDU Resources Group, Inc. (NYSE:MDU) has increased its quarterly dividend from $0.125 to $0.13 per share, representing a 4% increase. The annualized dividend is now $0.52 per share. The company targets a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:23 pm

SHIM

Shimmick shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:22 pm

GTEC

Greenland Technologies shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:21 pm

LCW

Learn CW Investment Corporation (NYSE:LCW) announced that its Class A Ordinary Shares will be suspended from trading on the NYSE on August 23, 2024, and will commence trading on Nasdaq on August 26, 2024. The company's public warrants and units will remain listed on the NYSE until August 30, 2024, and will start trading in the over-the-counter market on September 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:20 pm