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PEAK

Healthpeak Properties' shares saw an increase in value following an upgrade by B of A Securities from Underperform to Buy, along with a raise in the price target from $18 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:24 pm

DASH

LOW

DoorDash Inc (NASDAQ:DASH) has partnered with Lowe's Companies Inc (NYSE:LOW) to offer on-demand delivery from over 1,700 Lowe's stores nationwide. This marks DoorDash's entry into the home improvement sector, allowing consumers to purchase Lowe's products directly through the DoorDash app, including same-day delivery. Lowe's stores will also be featured on DashPass, DoorDash's membership program, which provides a $0 delivery fee for members. DoorDash's expansion into non-restaurant stores now includes more than 150,000 locations globally, while Lowe's operates over 1,700 home improvement stores.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 1:21 pm

CXAI

CXApp shares surged following the announcement of a partnership with Google Cloud aimed at accelerating the development of the CXAI platform.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:16 pm

RDI

Reading International (RDI) reported Q4 losses of $(0.56) per share, missing the $(0.39) estimate, and sales of $45.30M, missing the $51.87M estimate. This represents a slight improvement in losses but a decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:13 pm

BLDP

Ballard Power Systems Inc. (BLDP) shares have risen following the announcement of a Long Term Supply Agreement with Solaris. Under this agreement, Ballard will supply 1,000 hydrogen fuel cell engines for the European transit bus market, marking a significant step in the adoption of clean energy solutions in public transportation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:11 pm

WERN

Barclays analyst Brandon Oglenski downgraded Werner Enterprises (WERN) from Overweight to Equal-Weight and reduced the price target from $45 to $40.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:10 pm

MP

MP Materials (NYSE:MP) has been awarded a $58.5 million tax credit to support the construction of America's first fully-integrated rare earth magnet manufacturing facility. This initiative is part of a competitive process overseen by the Department of Energy, aimed at enhancing technical, commercial viability, and environmental impact. The facility will produce neodymium-iron-boron (NdFeB) magnets, crucial for various applications including electric vehicles and defense systems. MP Materials plans to start commercial production of precursor materials in Fort Worth by this summer and finished magnets by late 2025, with General Motors as a foundational customer. The raw materials will be sourced from MP's rare earth mine in Mountain Pass, California, ensuring an end-to-end supply chain with integrated recycling and sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:09 pm

IRON

Disc Medicine shares dropped following the announcement of topline results from the Phase 2 AURORA study of bitopertin in patients with EPP.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:07 pm

BUSE

First Busey Corporation (BUSE) has completed its acquisition of Merchants and Manufacturers Bank Corporation (M&M), effective April 1, 2024. The deal includes a mix of cash and stock, totaling approximately $12.2 million in cash and 1,429,324 shares of Busey common stock. Busey will operate M&M Bank as a separate entity until a merger in June 2024, which will expand Busey's footprint to 62 full-service locations across several states. The acquisition enhances Busey's deposit, commercial banking, and wealth management presence, particularly in the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area, improving its deposit share ranking significantly. Both companies emphasize their commitment to community banking and customer service excellence.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:07 pm

MVLA

Movella Holdings Inc. (NASDAQ:MVLA) announced its voluntary delisting from the Nasdaq Stock Market, with trading suspension expected on April 2, 2024. The company plans to have its securities quoted on an OTC market operated by OTC Markets Group Inc. around or after April 12th, although there's no guarantee of continued trading.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:06 pm