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Equity Actions

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) is exploring options for its specialty pharmacy business, Shields Health Solutions, which could lead to a sale exceeding $4 billion. This move is part of Walgreens' turnaround strategy to improve its financial situation. The company has engaged advisers to gauge interest from private equity and healthcare firms, although a final decision has not been made. Walgreens has faced a 38% decline in share value over the past year and has implemented cost-cutting measures, including halving its dividend and considering the sale of its international Boots chain.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 3:44 pm

GETR

Getaround, a peer-to-peer car sharing platform, has seen its shares increase following the announcement of securing $20 million in financing. This influx of capital is expected to bolster the company's financial position and potentially fund further expansion or operational enhancements.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:35 pm

KURA

Kura Oncology's stock is trading higher following the announcement of a successful $150 million private placement, indicating strong investor interest and financial backing for the company.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:32 pm

SUGP

SU Group has opened its IPO shares for trade, with the initial public offering priced at $4 per share on a total of 1.25 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:21 pm

CNXA

Connexa Sports Technologies Inc. has entered into securities purchase agreements with three investors for the sale of common stock shares and pre-funded warrants, totaling approximately $16.5 million. The pre-funded warrants are exercisable upon stockholder approval under Nasdaq rules. The investors also agreed to vote in favor of resolutions that would allow a change in control and increase shares for the company's incentive plan.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:11 pm

BB

BlackBerry's stock is trading lower following the announcement of a proposed private offering of $160 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:07 pm

MGY

Magnolia Oil & Gas (NYSE:MGY) has been evaluated by 4 analysts over the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target for MGY has been lowered to $23.00, a 10.68% decrease from the previous target of $25.75. Analysts from Piper Sandler, Wells Fargo, Mizuho, and Citigroup have all lowered their price targets for MGY. The company's financials show a -34.64% decline in revenue growth, a high net margin of 31.95%, an ROE of 6.12%, and an ROA of 3.86%, with a low debt-to-equity ratio of 0.24.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:00 pm

CORZW

Trading for the ticker CORZW was halted at 4:00:00 a.m. ET and resumed with the availability of a new issue.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:40 pm

CIFR

BitFury Group has announced its intention to distribute shares in Cipher Mining Inc. to diversify Cipher's shareholder base and unlock potential value for the company.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:34 pm

BB

BlackBerry Ltd (NYSE:BB) stock is trading lower after the company announced a proposed private offering of $160 million in Convertible Senior Notes due 2029, aimed at qualified institutional investors. The company also plans to offer an option to purchase up to an additional $25 million of the notes. The proceeds are intended to repay or repurchase $150 million of outstanding debentures due next month, with any remainder for general corporate purposes. At the time of publication, BB shares were down 10.1% at $3.17.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 2:15 pm