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PRST

Presto Automation has announced a registered direct offering of 8,533,000 shares, priced at $0.25 per share, aiming to raise approximately $2.1 million. This move could indicate the company's need for capital, potentially for expansion or operational purposes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:44 pm

BBWI

Bath & Body Works, Inc. (NYSE:BBWI) shares fell after reporting Q4 earnings and a modest outlook for Q1 and FY24. Despite beating Q4 earnings and revenue estimates, the company's forecast for net sales and EPS for the full year and Q1 2024 is below consensus estimates. BBWI also announced a new $500 million share repurchase program.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 2:27 pm

AUPH

Aurinia Pharmaceuticals Inc. has been granted exemptive relief by Canadian securities regulators, allowing the company to proceed with its share repurchase program. This decision enables Aurinia to buy back shares under certain conditions, potentially impacting its stock price positively in the short term due to the reduced supply of shares and increased investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:10 pm

HTCR

HeartCore Enterprises, Inc. (HTCR) has entered into a Go IPO contract with Jyo, expecting to generate $700,000 in initial fees. Additionally, HTCR will receive a warrant to acquire 2% of Jyo's common stock, marking a significant development for the company.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:09 pm

RBB

RBB Bancorp has announced a new stock repurchase program, authorizing the repurchase of up to 1 million shares. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:09 pm

BKKT

Bakkt Holdings, Inc. (BKKT) has announced a $40 million registered direct offering with institutional investors and a concurrent $10 million registered direct offering. This move is aimed at raising funds for the company, potentially for expansion or operational purposes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:59 pm

CRH

CRH plc (NYSE:CRH) shares rose in premarket trading after announcing FY23 results and a share repurchase program. Revenue increased 7% Y/Y to $34.9 billion, with organic revenues up 3%. Adjusted EBITDA grew 15% Y/Y to $6.2 billion, and EPS from continuing operations pre-impairment rose 30% Y/Y to $4.65. The company completed a share buyback of $3.0 billion in 2023 and announced a new buyback program with Barclays Capital Inc. for up to $300 million. A quarterly dividend of $0.35 per share was declared, payable in April 2024. CRH expects EPS of $5.15-$5.45 for FY24, above consensus estimates.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 1:51 pm

CLPT

ClearPoint Neuro has announced the pricing of its public offering, which consists of 2,307,694 shares priced at $6.50 per share. This move is aimed at raising capital for the company.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:47 pm

CAG

Conagra Brands has announced a definitive agreement to sell its 51.8% ownership stake in Agro Tech Foods Limited, marking a significant divestiture for the company.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:26 pm

AHT

Ashford Hospitality Trust has entered into an agreement to sell the Hilton Boston Back Bay for $171 million. This move is part of their strategic financial management and asset optimization efforts.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:17 pm