Streetbeat News

Equity Actions

Unity Software Inc is currently evaluating its cost structure to align with a more focused portfolio. The company is acting quickly and expects to make final decisions on the cost structure over the next few weeks.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:20 pm

DESP

Despegar.com has raised the lower end of its 2023 annual guidance, revising its revenue forecast from $640M-$700M to $670M-$700M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:01 pm

INTT

inTEST Corp has filed a prospectus for an offering of up to $100 million. The offering may include shares of common stock, preferred stock, warrants, purchase contracts, rights, units, or a combination of these securities. The securities will be sold directly to purchasers or through agents, underwriters, or dealers. The company's common stock is listed on NYSE American under the symbol 'INTT'.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:00 pm

DIA

DIS

IWM

QQQ

SPY

TLT

TSLA

XLV

XLY

The S&P 500 and Nasdaq 100's winning streak ended due to hawkish remarks from Fed Chair Jerome Powell. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), Dow Jones Industrial Average ETF (DIA), and iShares Russell 2000 ETF (IWM) all closed lower. The Health Care Select Sector SPDR Fund (XLV) and the Consumer Discretionary Select Sector SPDR Fund (XLY) were the weakest performers. Walt Disney Co. (DIS) was the best performer among mega-cap stocks, while Tesla Inc. (TSLA) was the worst. The iShares 20+ Year Treasury Bond ETF (TLT) closed lower as yields rose.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 9:59 pm

LMND

Lemonade Inc. has announced the filing of a Form S-3 Shelf Registration Statement. This allows the company to sell securities to the public in the future, subject to market conditions and the company's capital needs.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:56 pm

DOCS

Doximity Inc's Q2 results exceeded expectations with revenue of $113.6 million, up 11% YoY, and adjusted earnings of 22 cents per share. The company's board authorized a buyback of up to $70 million over the next 12 months. Doximity expects Q3 revenue to be between $127 million and $128 million, and full-year revenue of $460 million to $472 million.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 9:51 pm

CLFD

Clearfield has announced an increase in its share repurchase program from $22M to $40M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:36 pm

EIS

IZRL

SPY

TLT

The White House announced a daily four-hour pause in the northern Gaza Strip, which was downplayed by Israel's Prime Minister and IDF. The Israeli shekel weakened by 0.6% against the dollar, and the iShares MSCI Israel ETF (EIS), ARK Israel Innovative Technology ETF (IZRL), SPDR S&P 500 ETF Trust (SPY), and iShares 20+ Year Treasury Bond ETF (TLT) all experienced losses.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 9:32 pm

GRNT

Granite Ridge Resources has increased its FY23 midpoint production guidance to 23,250 Boe per day, expecting an 18% midpoint annual production volume growth compared to 2022. The company also increased the midpoint of total capital expenditures for FY23 by $55 million to $350 million, primarily due to additional acquisitions. The company's third quarter results show a 23% increase in daily production levels and an 11% increase in net producing well count.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:28 pm

SVV

The Board of Directors at Savers Value Village has authorized a $50M share repurchase program.

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:21 pm