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Equity Actions

FDX

FedEx plans to repurchase an additional $1.5 billion of its common stock during fiscal 2025, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:05 pm

ARQ

Arq has announced a proposed public offering of its common stock, though the size of the offering has not been disclosed. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:03 pm

IRDM

Iridium Communications Inc. has announced a $500 million share repurchase program, increasing the total authorization to $1.5 billion, with a targeted completion by December 2027.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:02 pm

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares fell 10.1% after announcing an Equity Distribution Agreement to issue up to $250 million in common shares. The company is also settling litigation claims related to the Maui windstorm and wildfires for $1.91 billion, with payments starting in 2025.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 5:29 pm

DJT

Trump Media & Technology Group shares are declining, likely due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling stocks. Additionally, 2024 Presidential polls indicate Donald Trump is trailing Vice President Harris.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:10 pm

DJT

Trump Media & Technology Group's lockup expiration allows pre-IPO shareholders, including Donald Trump, to sell their shares. Despite a significant stake, Trump maintains control through special voting shares. The stock has been volatile, with recent declines, and potential sales by Trump or other shareholders could impact the price further.

Portfolio Pulse from Chris Katje

September 19, 2024 | 4:13 pm

VVOS

Vivos Therapeutics (NASDAQ:VVOS) shares fell 26.1% to $3.05 after announcing a $4.3 million registered offering of 1.36 million shares at $3.15 each. The offering, expected to close on September 20, will be managed by H.C. Wainwright & Co. and aims to raise funds for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

September 19, 2024 | 2:37 pm

HAO

Haozi Health Technology's shares fell following the announcement of a $12 million underwritten follow-on public offering, pricing 4 million units at $3 each.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:15 pm

BNZI

Banzai International announced a 1-for-50 reverse stock split, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:08 pm

AER

AerCap's stock price is rising following the announcement of a $500 million share repurchase program, indicating positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:06 pm