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Equity Actions

CF

CF Industries Holdings, Inc. has announced a 25% increase in its quarterly dividend, raising it to $0.50 per share.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:40 pm

CARV

Carver Bancorp, Inc. has declined an offer from Dream Chasers to acquire a 35% stake in Carver's common equity. The decision to reject the proposal was made public, but the reasons behind the decision or the terms of the offer were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:27 pm

RKLB

Rocket Lab's stock price is trading lower following the announcement of a proposed offering of $275 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:25 pm

OFG

OFG Bancorp has announced a new share repurchase plan, authorizing the buyback of up to $50 million of its outstanding shares. This move is part of the company's capital allocation strategy and reflects its commitment to delivering value to shareholders. The repurchase plan is also indicative of OFG Bancorp's confidence in its financial stability and future prospects.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:24 pm

OLMA

Olema Pharmaceuticals has filed a prospectus related to the resale of up to 13.2 million shares of common stock held by selling stockholders. This filing indicates that current shareholders may be looking to sell a significant portion of their holdings.

Portfolio Pulse from Charles Gross

January 31, 2024 | 9:24 pm

RKLB

Rocket Lab has announced a proposed offering of $275 million in Convertible Senior Notes. These notes are a form of debt that can be converted into equity, typically shares of the company. This move could potentially dilute existing shareholders but also provides the company with additional capital for growth, operations, or debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

CMPR

The board of Cimpress authorized a stock repurchase program on December 14, allowing the company to buy back up to $150 million worth of its shares. This move can indicate the board's confidence in the company's value and financial health, and is often seen as a positive signal to investors, potentially leading to an increase in stock price due to the reduced share supply and the signal of corporate confidence.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:14 pm

NVAX

Novavax (NYSE:NVAX) has seen a 3.5% increase in short interest since its last report, with 50.91 million shares sold short, representing 51.47% of its float. It would take about 4.95 days to cover all short positions. High short interest can indicate bearish market sentiment but can also be bullish if it leads to a short squeeze. Novavax's short interest is significantly higher than its peer group average of 9.76%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 8:30 pm

MRVL

Marvell Tech (NYSE:MRVL) has seen a 7.72% increase in short interest since its last report, with 20.48 million shares sold short, representing 2.79% of its float. The short interest is below the peer group average of 3.47%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 8:30 pm

JNPR

Juniper Networks (NYSE:JNPR) has seen a 26.28% decrease in short interest since its last report, with 12.84 million shares sold short, representing 5.33% of its float. The average time to cover these short positions is 1.0 day. Short interest is a market sentiment indicator, and Juniper's short interest is below its peer group average of 7.54%. While a decline in short interest does not necessarily predict a stock price increase, it indicates fewer shares are being shorted.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 8:15 pm