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DX

Dynex Capital has announced the appointment of its CEO, Byron Boston, as the new Chairman of the Board. He will be succeeding Michael Hughes in this role. The change in leadership positions within the company could signal a strategic shift or continuity in corporate governance, depending on Boston's vision for Dynex Capital.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:58 pm

BORR

Borr Drilling Limited has announced the approval of a share repurchase program. The company plans to buy back its shares from the open market, with the total repurchase amount capped at $100 million.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:29 pm

SNA

Snap-on (NYSE:SNA) has seen a 5.13% increase in short interest since its last report, with 1.85 million shares sold short, representing 4.1% of its float. It would take about 9.35 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Snap-on has a higher short interest compared to its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

IBIO

iBio, Inc. (NYSE:IBIO) has experienced a significant increase in short interest, with the short percent of float rising 118.62% since the last report. The company has 880 thousand shares sold short, representing 3.17% of available shares for trading. The current short interest exceeds the peer group average of 1.40%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

CYN

Cyngn Inc. has announced the pricing of a public offering of 33,333,333 shares of its common stock at a price of $0.15 per share, aiming to raise $5 million in capital.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:04 pm

VCIG

VCI Global has announced a public offering of 1,945,525 ordinary shares, along with Series A and B warrants, priced at $2.57 per ordinary share and accompanying warrant. This offering could potentially dilute current shareholders and impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:03 pm

CCI

Crown Castle Inc (NYSE:CCI) announced the retirement of CEO Jay Brown, effective January 16, 2024, amid pressure from activist investor Elliott Investment Management, which disclosed a $2 billion position in the company. Anthony Melone has been appointed as interim CEO. Elliott has called for significant changes and may nominate a new Board if necessary. The company recently reported Q3 sales that missed estimates and a year-over-year decline in funds from operations. CCI shares rose 1.20% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 1:57 pm

MDRX

Veradigm, a healthcare information technology solutions company, has announced changes in its executive leadership. Greg Garrison has been appointed as the Executive Chairman, while Dr. Shih-Yin Ho steps in as the Interim CEO. Additionally, Lee Westerfield has been named the Interim CFO. These changes come as the company continues to navigate the healthcare IT landscape.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:46 pm

CURV

MBI

VRME

MBIA Inc. (MBI) shares rose after declaring an $8.00 per share extraordinary cash dividend. VerifyMe (VRME) announced a Share Repurchase Plan and changes to its Board Compensation Program, leading to a significant stock increase. Torrid Holdings (CURV) shares increased following a report of strong Q3 financial results and higher than expected revenue guidance for Q4 and FY23.

Portfolio Pulse from ryanfaloona@benzinga.com

December 08, 2023 | 1:44 pm

GTES

Gates Industrial's stock price is trading lower following the announcement of a secondary offering of 15 million ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:39 pm