Streetbeat News

Equity Actions

ESGX

IYT

JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares surged premarket after reporting Q3 results. Despite a 3% Y/Y revenue decline to $3.07 billion, it beat the consensus of $3.02 billion. EPS of $1.49 also surpassed expectations. The company repurchased $200 million in shares, with $967 million remaining under authorization. Investors can gain exposure via IShares U.S. Transportation ETF (BATS:IYT) and Tuttle Capital Shareholders First Index ETF (BATS:ESGX).

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 10:28 am

BURU

CRKN

Liqueous LP has partnered with Crown Electrokinetics on a $100 million equity line and has updated its financing with Nuburu.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:02 am

WDS

Woodside Energy has announced its decision to delist from the London Stock Exchange, with the last trading day set for November 19. This move may impact its stock trading dynamics.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:42 am

VSEC

VSE Corporation has priced a public offering of 1,724,137 common shares at $87 per share, raising $142.5 million. The proceeds will be used to finance part of the acquisition of Kellstrom Aerospace Group, Inc.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:15 am

BYON

TCS

Container Store Group and Beyond have entered a strategic partnership, with Beyond investing $40 million in Container Store through a preferred equity transaction.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:25 pm

LBTYA

Liberty Global has announced the key dates for the spin-off of Sunrise, which will become an independent publicly traded Swiss company. A special meeting of shareholders is scheduled for October 25, 2024. Post spin-off, Liberty Global will continue its operations in Belgium, Ireland, Slovakia, the U.K., and the Netherlands.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:10 pm

NYCB

New York Community Bancorp, Inc. will change its name to Flagstar Financial, Inc. and its stock symbol to 'FLG' effective October 25, 2024. The company is a major regional bank with significant assets, loans, and deposits.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:05 pm

UAL

United Airlines reported strong Q3 earnings, beating revenue and EPS estimates. The company announced a $1.5 billion share buyback program and highlighted a significant inflection point in revenue trends. Despite a positive Q3, UAL's Q4 earnings guidance fell short of expectations.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 8:41 pm

CTCX

Carmell Therapeutics' shares rose after the company announced it would not pursue a previously planned securities offering. The SEC did not declare the Registration Statement effective, and no securities were issued or sold.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:39 pm

AMPS

Altus Power has announced a formal review of strategic alternatives while reaffirming its fiscal year 2024 guidance. This indicates potential changes in the company's strategic direction, which could include mergers, acquisitions, or other significant corporate actions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:31 pm