Streetbeat News

Equity Actions

FCX

Freeport-McMoRan announced the appointment of Kathleen L. Quirk as President and Chief Executive Officer, effective June 11, 2024. This strategic leadership change is expected to guide the company into its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 5:29 am

ARKF

ARKK

ARKQ

ARKW

PLTR

Cathie Wood's Ark Invest purchased $43M worth of Palantir Technologies, Inc. (PLTR) shares following a 30% spike after Q4 earnings, reflecting confidence in its AI potential. Ark's ETFs ARKK, ARKW, and ARKF increased their holdings, with PLTR now accounting for significant weightings in these funds. Analysts have upgraded PLTR's ratings and price targets post-earnings. Additionally, Ark continued buying Tesla shares, with ARKK, ARKW, and ARKQ acquiring more Tesla stock.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 2:43 am

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) reported Q4 earnings surpassing analyst expectations with adjusted earnings of 25 cents per share and sales of $2.49 billion. The company raised its dividend from 13 to 16 cents and announced a $1.25 billion stock buy-back program for 2024. Yum China, operating major brands like KFC and Taco Bell in China, highlighted a 21% system sales growth in 2023. Shares surged 17.79% after-hours to $44.10.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:34 pm

MLNK

The board of MeridianLink has approved a stock repurchase program, authorizing the buyback of up to $125 million of its common stock. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:18 pm

BAER

Bridger Aerospace has filed a prospectus for the proposed resale of up to 8.8 million shares of common stock by selling stockholders, indicating a potential increase in market liquidity and possible impact on stock price.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:15 pm

FTNT

Fortinet has announced a $500 million increase in the authorized amount for share repurchases under its existing share repurchase program. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a bullish outlook on its stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:08 pm

NVDA

Josh Brown of Ritholtz Wealth Management sold a portion of his Nvidia (NVDA) stock, citing the stock's excessive rise with over 235% gain in 2023 and an additional 35% in 2024 without substantial news to justify such increases. He expressed concerns over the stock's rapid growth and the market's overly bullish sentiment, despite being optimistic about generative AI's future. Nvidia is set to report Q4 financial results on Feb. 21, with high expectations from investors.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 10:02 pm

MLNK

MeridianLink, Inc. has announced a proposed secondary offering of 6,500,000 shares by certain selling stockholders, alongside a related common stock repurchase program of up to $50 million. This move indicates a significant financial activity within the company, potentially impacting its stock price and investor sentiment in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:48 pm

REKR

Rekor Systems announced the launch of a proposed follow-on public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:47 pm

REKR

Rekor Systems has announced a proposed follow-on public offering of its common stock. The size and price of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:37 pm