Streetbeat News

Equity Actions

WRB

W. R. Berkley Corporation (NYSE:WRB) has declared a special cash dividend of $0.50 per share, payable on December 27, 2023, to shareholders of record as of December 18, 2023. This brings the total special dividends in 2023 to $1.50 per share. Additionally, a regular quarterly dividend of $0.11 per share will be paid on the same date. The total capital returned to shareholders in 2023, including dividends and share repurchases, is approximately $932 million.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:16 pm

HARP

Harpoon Therapeutics, Inc. has filed a prospectus for the offering and resale of 25,751,025 shares of common stock by selling stockholders. This includes shares currently held, and shares issuable upon the exercise of pre-funded and common warrants. Harpoon will not sell any shares or receive proceeds from the stockholders' sales, except for net proceeds from exercised warrants. The sales may occur at various prices and through different channels. Harpoon is covering the registration costs, while selling stockholders are responsible for commissions. Harpoon's stock is listed on Nasdaq under the symbol 'HARP', with a last reported sale price of $10.00 per share as of December 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:12 pm

GGE

Green Giant Inc. (NASDAQ:GGE), a real estate developer in China and operator of green energy business in the U.S., has announced a public offering of units. Each unit includes one share of common stock, one Class A common warrant, and one Class B common warrant. The offering's completion is subject to market conditions, and no assurances can be made about its size or terms. Maxim Group LLC is the sole placement agent for the offering.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:08 pm

MLSS

Milestone Scientific Inc. (NYSE:MLSS) has announced an underwritten public offering of its common stock. The company will also grant underwriters a 45-day option to purchase up to an additional 15% of the shares. The size and terms of the offering have not been disclosed, and completion is subject to market conditions. Maxim Group LLC is the sole book-runner for the offering.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:03 pm

SSB

SouthState Corporation (NASDAQ:SSB) announced it will transfer its common stock listing from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE) starting December 19, 2023. The stock will retain its ticker symbol 'SSB'. CEO John Corbett expressed alignment with NYSE's tradition of listing leading companies, while NYSE Vice Chair John Tuttle welcomed SouthState, highlighting its 90-year service history in the Southeast and its joining of other leading banks on NYSE.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:02 pm

STWD

Starwood Prop Trust Inc. (NYSE:STWD) stock price is currently $20.14, experiencing a slight drop of 0.10%. Over the past month, STWD's stock has increased by 5.45%, and over the past year, it has seen a marginal rise of 0.02%. The company's P/E ratio of 15.63 is lower than the Mortgage REITs industry average of 85.02, which could suggest that the stock is undervalued or that shareholders have low growth expectations.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 8:15 pm

TGAA

Target Global Acquisition I Corp. (NASDAQ:TGAA) has extended the deadline to complete its initial business combination to January 13, 2024. This extension, requested by Target Global Sponsor Ltd, is the fourth of six possible one-month extensions. The Sponsor will deposit $90,000 into the Company's trust account by December 11, 2023, as part of the extension agreement.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:31 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) saw a slight increase despite higher-than-expected U.S. non-farm payrolls data, which could affect Federal Reserve rate cut decisions. The SPY is maintaining its uptrend and is above the eight-day EMA. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly. SPXL is showing a bull flag pattern with a potential move towards $126, while maintaining its uptrend. Leveraged ETFs like SPXL and SPXS are intended for short-term trading, not long-term investments.

Portfolio Pulse from Melanie Schaffer

December 08, 2023 | 7:04 pm

AUVI

FCX

HCP

LULU

MBI

PARA

SCCO

WBD

US stocks rose on Friday due to positive economic data, with the economy adding more jobs than expected and consumer sentiment improving. The dollar rebounded and Treasury yields surged, affecting various sectors and ETFs. Paramount Global and Warner Bros Discovery saw stock increases due to takeover speculation, while Lululemon hit record highs after strong quarterly results. HashiCorp and RH stocks fell due to insider selling and poor earnings, respectively. Freeport-McMoRan and Southern Copper rose on China stimulus speculation, and Applied UV announced a reverse stock split. MBIA's stock soared after declaring a substantial cash dividend.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 7:01 pm

Barnes Gr (NYSE:B) has seen a 52.1% increase in short interest since its last report, with 645 thousand shares sold short, representing 1.81% of its float. The short interest is below the peer group average of 5.10%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm