Streetbeat News

Equity Actions

STLA

Stellantis proposes a dividend increase of approximately 16% to €1.55 per common share, pending shareholder approval. The dividend schedule for NYSE, Euronext Milan, and Euronext Paris includes an ex-date of April 22, 2024, a record date of April 23, 2024, and a payment date of May 3, 2024. Additionally, Stellantis plans a 2024 open-market share buyback program worth €3.0 billion, including €0.5 billion for share-based compensation and employee share purchases.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:56 am

NVDA

SLG

Jim Cramer, host of CNBC's 'Mad Money', advises investors not to worry about recent market fluctuations, dismissing bearish signals as normal. He highlights the resilience of the market and specific companies like SL Green Realty Corp and NVIDIA Corp, suggesting the current market offers buying opportunities despite uncertainties around the Fed's actions and a potential commercial real estate crisis impacting regional banks.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 1:29 am

BKKT

Bakkt Holdings, Inc. (BKKT) announced its shelf registration statement on Form S-3 was declared effective by the SEC on February 14, 2024. This allows Bakkt to raise up to $150 million in capital over the next three years through one or more offerings. The flexibility provided by this registration is seen as a significant benefit for future capital raising efforts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:55 pm

AREN

The Arena Group (NYSE:AREN) announced a $12M equity investment from its largest shareholder, Simplify Inventions, LLC, at an 85% premium over the last closing price. This investment raises Simplify's stake to 54.5% and is aimed at supporting the company's transition to a profitable multi-media business. Additionally, The Arena Group is negotiating a new publishing license with Authentic Brands Group and is involved in a proposed merger with Bridge Media Networks to form The Arena Group Holdings, Inc., which is expected to enhance its digital media portfolio and revenue opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:54 pm

NUS

Nu Skin Enterprises has revised its capital allocation priorities, resulting in a reduction of its quarterly cash dividend from $0.39 to $0.06 per share. The new dividend will be paid on March 6, 2024, to shareholders of record as of February 26, 2024. The company aims to align its dividend payout ratio with or surpass that of its industry peers.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:51 pm

APP

AppLovin Corp (NASDAQ:APP) reported Q4 earnings of 49 cents per share, surpassing the consensus estimate of 36 cents, and quarterly sales of $953.26 million, beating the estimate of $928.17 million. The company announced a $1.25 billion increase in its share repurchase program and projected Q1 revenue between $955 million to $975 million. Shares surged nearly 12.97% after-hours.

Portfolio Pulse from Erica Kollmann

February 14, 2024 | 10:43 pm

UBER

Third Point, a notable investment firm, has significantly reduced its stake in Uber Technologies Inc., cutting down from 4.2 million shares to just 1 million shares. This move indicates a major shift in Third Point's investment strategy regarding Uber.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:23 pm

MFC

Manulife has announced a 9.6% increase in its quarterly common shareholders' dividend, raising it from $0.3650 to $0.40 per share, effective March 19, 2024. This decision by the Board of Directors also involves purchasing common shares on the open market for its dividend reinvestment plans in Canada and the U.S., with the purchase price based on the average actual cost without discounts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:18 pm

CEIX

Greenlight Capital significantly reduced its stake in Consol Energy, selling off 99.9K shares. This move could indicate a shift in Greenlight Capital's investment strategy or its outlook on Consol Energy's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:15 pm

BKSY

Greenlight Capital has liquidated its stake in BlackSky Technology (BKSY), indicating a significant shift in its investment strategy regarding this asset.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:11 pm