Streetbeat News

Equity Actions

TSLA

A Delaware judge voided Elon Musk's $55-billion compensation plan, which was challenged by a Tesla shareholder for lack of proper investor disclosures. Tesla's board must now propose a new compensation plan for Musk. This ruling could affect Musk's status as the world's richest person, potentially dropping his net worth and ranking. Tesla shares fell 2% in after-hours trading.

Portfolio Pulse from Chris Katje

January 30, 2024 | 10:19 pm

AMSC

AMSC's stock price is trading lower following the announcement of a proposed public offering of common stock, which typically dilutes existing shareholders' equity and can put downward pressure on the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:48 pm

ATKR

Atkore Inc. has announced the initiation of a quarterly dividend, setting the amount at $0.32 per share. This marks the company's first foray into providing regular dividend payments to its shareholders, signaling confidence in its financial stability and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:45 pm

MTCH

Match Group, Inc. (NASDAQ:MTCH) exceeded Q4 earnings expectations with $0.81 EPS, surpassing the $0.49 consensus. Quarterly sales reached $866 million, slightly above the $861.22 million forecast. Year-over-year, sales increased by 10.16%. The board authorized a $1 billion share buyback program. Revenue projections for Q1 are between $850 million and $860 million, and for full year 2024, they are between $3.565 billion and $3.665 billion. CEO Bernard Kim highlighted leadership changes, product innovation, and AI integration for future growth.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 9:40 pm

AMSC

AMSC, a provider of megawatt-scale power resiliency solutions, has announced a proposed public offering of its common stock. The terms of the offering, including the number of shares to be offered and the price range for the offering, have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:34 pm

PCVX

Vaxcyte has initiated a proposed public offering of common stock and pre-funded warrants, with the terms yet to be disclosed. The completion of the offering is contingent on market conditions and other factors, and there is no guarantee of the offering's size, terms, or completion timeline.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:33 pm

NAVI

Navient Corporation plans to outsource its student loan servicing operations to create a variable expense model. The company is also exploring strategic options for its Business Processing division, which may include a potential divestment.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:31 pm

SGLY

Singularity Future Technology has announced a 1-for-10 reverse stock split. The common stock will continue trading on the Nasdaq Stock Market under the symbol 'SGLY', with a new CUSIP number 82935V 307.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:29 pm

MINM

David E. Lazar, an activist investor, has disclosed a significant 51% active stake in Minim Inc. This level of ownership suggests a potential for substantial influence over the company's strategic direction, operational decisions, and potential for future corporate actions such as mergers, acquisitions, or restructuring.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:28 pm

EQR

Equity Residential projects its FY24 Normalized Funds From Operations (FFO) per share to be in the range of $3.80 to $3.90, compared to the estimated $3.87 by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:23 pm