Streetbeat News

Equity Actions

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) will implement a 1-for-50 reverse stock split on October 17, 2024, to increase its stock price and maintain Nasdaq listing compliance.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:21 pm

EHI

Western Asset Global High Income Fund (NYSE:EHI) completed its transferable rights offering, resulting in the issuance of 7,574,935 shares at a subscription price of $6.60 per share, raising approximately $50 million. The shares are expected to be issued on October 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:11 pm

R

Ryder System, Inc. has announced a new discretionary share repurchase program, allowing the company to buy back up to 2 million shares of its common stock from October 9, 2024, through October 9, 2026.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:56 am

DB

Deutsche Bank AG Inc. (NYSE:DB) shares are trading lower due to a shareholder's plan to sell 16 million shares, valued at approximately $279 million. This sale is part of a broader trend of sell-offs in European companies. The transaction is being arranged by Goldman Sachs, and it comes just before Deutsche Bank's third-quarter earnings release.

Portfolio Pulse from Vaishali Prayag

October 14, 2024 | 8:26 pm

MDAI

Spectral AI shares rose following the announcement that Dr. J. Michael DiMaio, the company's founder, has been appointed as Chairman.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:09 pm

STLA

Stellantis has expanded its employee share purchase plan, 'Shares to Win', to nearly its entire global workforce, offering over 230,000 employees the chance to buy shares at a 20% discount with a matching contribution. This initiative aims to increase employee ownership from 1.8% to 5% of the company's capital.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:45 pm

MGRX

Mangoceuticals shares are experiencing an increase in trading activity following the announcement of a 1-for-15 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:06 pm

FBGL

FBS Global Limited (NASDAQ:FBGL) is set to start trading on the NASDAQ exchange on October 15, 2023. The IPO price is expected to be between $4.50 and $5.00 per share, with an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

SFHG

Samfine Creation Holdings Group Limited is set to IPO on October 15 on NASDAQ under the ticker SFHG, with shares priced between $4.00 and $5.00. The insider lock-up period will last until April 13, 2025. The company provides printing services in Hong Kong and the PRC.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

SIRI

SiriusXM Holdings Inc (NASDAQ:SIRI) shares are rising after Berkshire Hathaway increased its stake in the company by purchasing over 3.5 million shares. Despite a 54% decline in shares this year due to subscriber and revenue challenges, Berkshire now holds a 32% stake. Analysts have mixed ratings on the stock, with price targets ranging from $20 to $43.

Portfolio Pulse from Adam Eckert

October 14, 2024 | 1:26 pm