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Equity Actions

AMZN

Amazon's stock is experiencing an uptick following the announcement that it will be included in the Dow Jones Industrial Average.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:23 pm

AMZN

WBA

WMT

Amazon.com (AMZN) is set to replace Walgreens Boots Alliance (WBA) in the Dow Jones Industrial Average (DJIA) before trading opens on February 26. This change is a result of Walmart Inc. (WMT) executing a 3:1 stock split, which will decrease its weight in the price-weighted DJIA, although Walmart will continue to be a part of the index.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:23 pm

UBER

Uber Technologies is set to join the Dow Jones Transportation Average, marking a significant milestone for the company and potentially influencing its stock performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:21 pm

AMZN

Amazon.com is set to join the Dow Jones Industrial Average, marking a significant milestone for the company and potentially influencing its stock performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:20 pm

ENLC

EnLink CEO Jesse Arenivas announced a commitment to return capital to investors in 2024, including raising the Q4 2023 distribution and initiating a $200M unit repurchase for the third consecutive year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:11 pm

TIO

Tingo Group has announced its intention to voluntarily delist its common stock from the Nasdaq Stock Market by filing Form 25. This move will remove the company's shares from being publicly traded on the Nasdaq exchange.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:01 pm

CMC

FMST

NUE

ZKIN

Nucor Corporation announced a quarterly dividend of $0.54 per share. Commercial Metals Company added Dennis V. Arriola to its Board. ZK International completed a $2 million investment from CF Fund. Foremost Lithium joined Webull's CCS platform for better shareholder communication. Sayona Mining revealed a feasibility study for its Moblan Lithium Project with promising financials.

Portfolio Pulse from Austin DeNoce

February 20, 2024 | 10:00 pm

GTN

Gray Television Inc. (GTN) announced CFO Jim Ryan's decision to retire after 2025, with Jeff Gignac, currently at Wells Fargo Securities, set to succeed him. Gignac will join Gray as Executive Vice President, Finance, in April 2024, and become CFO in July 2024. Ryan, who joined Gray in 1998, played a key role in the company's growth and acquisitions. Gignac, with a 20-year career at Wells Fargo and expertise in finance within the TMT industries, is expected to lead Gray's finance functions towards further growth and balance sheet management.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:56 pm

MANU

Sir Jim Ratcliffe, through Trawlers Limited, has completed the acquisition of 25% of Manchester United plc's (NYSE:MANU) Class A and Class B shares. The transaction included a tender offer for Class A shares at $33.00 each, with Ratcliffe ultimately investing $200 million for additional shares, raising his total ownership to approximately 27.7% in both share classes. An additional $100 million investment is planned by the end of 2024 to support infrastructure improvements at Old Trafford.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:49 pm

MFC

Manulife Financial Corporation (MFC) has received approval for a normal course issuer bid (NCIB) to buy back up to 50 million of its common shares, about 2.8% of its outstanding shares, from the Toronto Stock Exchange. This move is part of its capital management strategy to maintain regulatory capital ratios and enhance shareholder value. The repurchase program is set to start on February 23, 2024, and end by February 22, 2025, or earlier if the maximum repurchase amount is reached. Manulife aims to mitigate the dilutive impact of a reinsurance transaction on its EPS through this buyback. The repurchases can be made through the TSX, NYSE, and other platforms, with all acquired shares to be cancelled.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:48 pm