Streetbeat News

Equity Actions

CZR

Caesars Entertainment (CZR) shares rose by 5.42% after announcing a $500 million share repurchase program and a $1 billion senior notes offering. The proceeds will be used to manage existing debt. Share buybacks are seen as positive, indicating the company believes its stock is undervalued.

Portfolio Pulse from Henry Khederian

October 02, 2024 | 6:24 pm

CIEN

Ciena Corporation (NYSE:CIEN) shares rose 6.6% after announcing a $1 billion share repurchase program starting in fiscal 2025 through 2027, reflecting confidence in its business strength and cash generation.

Portfolio Pulse from Dylan Berman

October 02, 2024 | 5:26 pm

SARO

StandardAero's shares began trading at $31.16 per share after an IPO priced at $26 per share for 60 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:48 pm

CIEN

Ciena Corporation's shares are trading higher following the announcement of a $1 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:29 pm

CZR

Caesars Entertainment announced a $500 million share repurchase program and a proposed $1 billion offering of senior notes, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:28 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower despite expecting a significant revenue increase for the quarter ending September 30, 2024. The company has received $11.9 million from investors and has a $150 million investment commitment. Mullen aims to reduce its cash burn and achieve cash flow breakeven by December 2025. MULN stock has slumped over 99% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

October 02, 2024 | 4:05 pm

WCT

Wellchange's shares began trading at $3.90 per share, slightly below the IPO price of $4 per share for 1.1 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:46 pm

MLR

Miller Industries (NYSE:MLR) has been added to the STAMPEDE list by DA Davidson due to an ongoing activist investor campaign. Analyst Michael Shlisky initiated coverage with a Buy rating and an $82 price target. The company has made changes like a dividend hike and share buyback, and its stock has risen 48% YTD.

Portfolio Pulse from Priya Nigam

October 02, 2024 | 2:23 pm

SARO

StandardAero's IPO is priced at $24 per share for 60 million shares, but the current indication is $26 per share for 400,000 shares.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:17 pm

CRGY

Crescent Energy shares are trading higher following the announcement that the company will join the S&P SmallCap 600 index, effective October 4.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:55 pm