Streetbeat News

Stock Prices

JCSE

JE Cleantech Holdings Limited (NASDAQ: JCSE) received a notification from NASDAQ for not meeting the minimum bid price requirement of $1.00 for 30 consecutive business days. The company has until June 11, 2024, to regain compliance. If not achieved, JCSE may face delisting but could be eligible for an extension or consider transferring to OTCQX. The company's operations remain unaffected, and the CEO commits to efforts to meet listing standards.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:23 pm

FDX

FedEx reported worse-than-expected financial results for Q2, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:19 pm

AMD

AMD has advised its shareholders to reject TRC Capital's unsolicited mini-tender offer of $123.45 per share, which is below the market value. The offer price is 4.24% less than AMD's closing price on Dec. 8, 2023, and 11.12% below the closing price on Dec. 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:16 pm

SCS

Steelcase Inc. projects its Q4 2024 adjusted earnings per share (EPS) to be between $0.19 and $0.23, which is in line with the estimated $0.2. The company anticipates revenue to range from $765 million to $790 million, slightly below the estimated $789.05 million.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:16 pm

LESL

Leslie's, Inc. (NASDAQ:LESL) announced board changes with Steven L. Ortega retiring at the 2024 Annual Meeting and not seeking reelection. John Strain is now Lead Independent Director and Chairman-Elect, while James Ray, Jr. stepped down from the board. Ortega's retirement follows nearly two decades of service, including as CEO and President. Under his leadership, Leslie's surpassed 1,000 stores and went public. Strain, with over 30 years in retail technology and e-commerce, aims to drive profitable growth. The board size will decrease from nine to eight immediately, and to seven in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:15 pm

FDX

FedEx (NYSE:FDX) reported Q2 earnings with an EPS of $3.99, missing the estimate of $4.19 by 4.77%. Revenue also declined by $614 million compared to the same period last year. Despite beating EPS estimates last quarter, which led to a share price increase, this quarter's miss may concern investors.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 9:15 pm

IVCB

OpSec Group, a leader in IP management and brand protection, and Investcorp Europe Acquisition Corp I (NASDAQ:IVCB), a SPAC, announced a strategic investment from SAKATA INX via unsecured convertible loan notes. This investment supports OpSec's upcoming public listing through a business combination with Investcorp Europe, which was agreed upon on April 25, 2023. The combined entity will trade under the symbol 'OPSC' on Nasdaq post-closing.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:14 pm

CTLT

Catalent, Inc. (NYSE:CTLT) shares have risen after a decline at the end of October, aided by better-than-expected Q1 financial results and full-year revenue guidance reported on November 15. The stock's recovery was also supported by the company regaining compliance with NYSE continued listing standards and positive adjustments in the stock's price target by three analysts. The overall market strength has contributed to the recent gains in Catalent's stock.

Portfolio Pulse from Ryan Gustafson

December 19, 2023 | 9:12 pm

SHIM

Shimmick Corp reported an increase in adjusted EPS to $1.67 in Q3 2023 from $0.99 in the same quarter last year. However, revenue decreased to $175.488M from $184.367M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:11 pm

CELH

KDP

KO

MNST

PEP

Patrick Mahomes has signed with PRIME Drink Company as a PRIME Hydration Athlete, potentially boosting the brand's profile and challenging the dominance of Coca-Cola and Pepsi in the sports drink market. PRIME, co-founded by Logan Paul and KSI, has shown significant growth, with $565 million in sales and a 896% increase year-over-year. Coca-Cola and Pepsi, with their respective brands Powerade, BodyArmor, and Gatorade, may face increased competition as PRIME continues to expand its market presence.

Portfolio Pulse from Chris Katje

December 19, 2023 | 9:09 pm