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IDYA

IDEAYA Biosciences reported a cash balance of $632.6M as of December 31, 2023. The company further bolstered its financial position with net proceeds of $342.3M from ATM offerings in January 2024. These funds are expected to support IDEAYA's operations well into 2028.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:03 am

BRN

Barnwell Industries announces a leadership transition with CEO and President Alexander Kinzler passing the roles to Craig Hopkins on April 1, 2024. Kinzler will become Executive Chairman and currently owns 9.2% of the company's shares, with relatives owning about 4%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:03 am

PERI

Perion Network Ltd. has announced a share repurchase program, authorizing the buyback of up to $50 million of its ordinary shares. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:01 am

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) announced its intention to offer €400 million in senior notes due 2029 through its subsidiary, Avis Budget Finance plc. The offering aims to fund the redemption of existing senior notes due 2026 and cover related fees and expenses, with any remaining funds allocated for general corporate purposes, including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:50 am

BCS

Barclays has outlined its financial targets for 2024 and beyond, aiming for a RoTE of over 10% in 2024 and around 10.5% excluding inorganic activities. The bank plans to return at least £10bn to shareholders through dividends and buybacks from 2024 to 2026, maintaining stable dividends while increasing buybacks. It targets a Barclays Group NII of approximately £10.7bn, excluding its Investment Bank and Head Office, with a Group total income of around £30bn by 2026. Barclays aims for a cost:income ratio of about 63% in 2024, reducing to the high 50s by 2026, and expects to operate within a CET1 ratio of 13-14%. The bank also anticipates regulatory changes to impact RWAs at the lower end of a 5-10% range.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:58 am

BCS

Barclays has announced plans to initiate another share buyback program, aiming to repurchase up to £1 billion worth of its shares. This move is part of the bank's strategy to return value to its shareholders and reflects confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:52 am

ORLY

O'Reilly Automotive's (NYSE:ORLY) short interest has increased by 10.7% since the last report, with 1.21 million shares sold short, representing 2.07% of its float. It would take approximately 2.98 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ORLY, although it has less short interest compared to its peer group average of 13.22%. This information suggests investors are showing increased bearishness but ORLY is still below the industry average for short interest.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:30 pm

INBS

Intelligent Bio Solutions (NYSE:INBS) has seen a significant increase in short interest, with the short percent of float rising 165.35% to 10.11% of all shares available for trading. This increase indicates a more bearish market sentiment towards INBS, although it doesn't necessarily predict a near-term price fall. Compared to its peers, INBS has a higher short interest, with the average for its peer group at 2.99%.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:45 pm

APPS

Digital Turbine (NYSE:APPS) has seen a decrease in short interest, with the short percent of float falling 12.76% to 4.17%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. The company's short interest is below its peer group average of 8.14%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:15 pm

RUM

Rumble (NYSE:RUM) has seen a significant increase in short interest, with 17.12 million shares sold short, representing 22.07% of its float. This is a 70.42% increase from its last report and is significantly higher than its peer group average of 6.31%. Short interest can indicate market sentiment, and while an increase suggests bearishness, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:15 pm