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ABNB

Airbnb's stock price has declined following the release of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:41 pm

UBER

Uber shares are trading higher following the announcement of an inaugural $7 billion share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:41 pm

OMH

Ohmyhome Ltd. (NASDAQ:OMH), a property technology platform, announced the pricing of its upsized public offering of 3,555,555 ordinary shares at $1.35 per share, expecting gross proceeds of approximately $4.8 million. The offering, managed by Maxim Group LLC as the sole placement agent, is set to close on February 16, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:41 pm

OMH

Ohmyhome Ltd (NASDAQ:OMH) shares dropped 27% to $1.65 after announcing an upsized public offering of 3,555,555 shares at $1.35 each, aiming to raise about $4.8 million. The offering, managed by Maxim Group LLC, is expected to close on February 16. Ohmyhome is a Singapore-based property technology platform offering a range of property solutions.

Portfolio Pulse from Henry Khederian

February 14, 2024 | 1:39 pm

VZIO

WMT

Walmart Inc (NYSE:WMT) is in talks to acquire Vizio Holding Corp (NYSE:VZIO) for over $2 billion, aiming to enter the smart TV market and enhance its advertising capabilities. This move is part of Walmart's strategy to compete with Amazon (NASDAQ:AMZN) and other retailers in the advertising space. The acquisition could significantly boost Walmart's advertising revenue, allowing for investments in customer services. Vizio's expertise in affordable TVs and its ventures into advertising and streaming present a valuable addition to Walmart's advertising business.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 1:38 pm

ENGN

enGene Holdings Inc (NASDAQ:ENGN) shares surged 45.2% to $11.40 after the announcement of CEO Jason Hanson's resignation for personal reasons and a private placement of 20 million shares at $10.00 each, aiming to raise $200 million. The financing is set to close on February 16. The company's stock is currently trading above its 200-day moving average of $8.48, indicating a bullish signal for investors.

Portfolio Pulse from Henry Khederian

February 14, 2024 | 1:36 pm

EQT

EQT Corp (NYSE:EQT) shares fell after reporting Q4 FY24 adjusted operating revenues of $1.549 billion, missing estimates of $1.571 billion, and adjusted EPS of $0.48, below the consensus of $0.52. Production increased to 564 Bcfe, with a decline in average realized price to $2.75/Mcfe. The company saw a rise in adjusted EBITDA to $840 million and announced an acquisition of a ~34% stake in EQT-operated gathering systems for $205 million. EQT expects 2024 sales volume of 2,200 - 2,300 Bcfe and plans $200 million - $300 million on strategic growth capital expenditures.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 1:35 pm

MRCY

PEPG

PLCE

VFC

Insiders have made significant purchases in shares of Children's Place, PepGen, V.F. Corporation, and Mercury Systems, indicating potential confidence in these companies' futures. Notable transactions include a $20.39 million purchase in PLCE, a $27.2 million purchase in PEPG, a $199,048 purchase in VFC, and a $37.27 million purchase in MRCY. These actions may signal insider belief in undervalued stock prices or strong future prospects.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 1:28 pm

AXP

HOOD

KPLT

MCY

TRV

As of Feb. 14, 2024, five financial stocks are considered overbought based on their RSI values, potentially indicating a short-term performance dip. These stocks include Robinhood Markets, Inc. (HOOD), Mercury General Corporation (MCY), Katapult Holdings, Inc. (KPLT), American Express Company (AXP), and The Travelers Companies, Inc. (TRV). Recent financial results and stock movements are highlighted for each.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 1:28 pm

SONY

Sony Group Corp (NYSE: SONY) reported a 22% year-on-year increase in Q3 FY23 sales to $25.34 billion, surpassing consensus estimates. Adjusted EPS was $1.99, beating the consensus of $1.65. The company saw revenue growth in various segments, with notable increases in Game & Network Services, Music, and Imaging & Sensing Solutions. Sony also revised its FY23 sales outlook downwards but increased its operating and net income projections. Additionally, Sony plans to IPO its financial division in October 2025. SONY shares rose 3.29% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 14, 2024 | 1:27 pm