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Equity Actions

UNM

Unum Group's Board of Directors has authorized a $500M share repurchase program. This follows the company's current share repurchase program, which expires on December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:13 pm

RTX

A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. The trades have targeted a price range of $75.0 to $100.0 for RTX over the last 3 months. The current price of RTX is up 3.37% at $81.22. Morgan Stanley maintains an Equal-Weight rating on RTX with a price target of $86, while UBS has downgraded its action to Neutral with a price target of $80.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

LMT

Unusual options activity has been observed for Lockheed Martin (NYSE:LMT), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price range targeted by these investors over the last 3 months is from $440.0 to $480.0. Morgan Stanley, UBS, JP Morgan, and Citigroup have maintained their ratings on Lockheed Martin with price targets of $510, $470, $481, and $540 respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

FSLR

First Solar has increased its 2023 EPS guidance from $7.00-$8.00 to $7.20-$8.00.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:03 pm

CBRG

CBRGU

CBRGW

Chain Bridge I (NASDAQ:CBRGU, CBRG, CBRGW) has announced that it will redeem all of its outstanding Class A ordinary shares at a per-share price of approximately $10.80, effective as of the close of business on November 15, 2023. The decision comes as the company will not be able to consummate an initial business combination within the required time period. The company will cease all operations, except those required to wind up the business, and expects that the Nasdaq Stock Market will file a Form 25 with the U.S. Securities and Exchange Commission to delist its securities.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:01 pm

BYFC

Broadway Financial Corporation (BYFC) has repurchased 1,958,173 shares of its Class A Common Stock from the Federal Deposit Insurance Corporation (FDIC). The shares represented just under 4.0% of the company's total voting shares and over 2.6% of the company's total common equity. The shares were purchased at a price of $0.9095 per share. The company financed the purchase from cash on hand and the shares will be retired. The repurchase is seen as an important step in solidifying the company's long-term base of stockholders.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:45 pm

WAY

Healthcare company Waystar's initial public offering (IPO) has been delayed until December 2021 or possibly 2024, according to sources. The company was expected to begin marketing its shares this week ahead of a November listing.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:36 pm

CVS

A significant investor has taken a bearish stance on CVS Health (NYSE:CVS), with 100% of the detected 15 unusual trades being bearish. The trades include 9 puts worth $342,329 and 6 calls worth $196,561. The targeted price range for CVS Health over the last 3 months is from $45.0 to $75.0. The price of CVS is currently up 1.44% at $68.99, and the next earnings are expected to be released in 1 day.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 7:30 pm

BIDU

A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Baidu over the last 3 months. Currently, BIDU's price is down -1.99% at $104.06. Benchmark has downgraded its action to Buy with a price target of $210, while JP Morgan maintains their Overweight rating with a price target of $185.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 7:02 pm

DKNG

MGM

NBA star James Harden has been traded from the Philadelphia 76ers to the Los Angeles Clippers, a move that has significantly impacted the sports betting odds for the 2023-2024 NBA season. The trade has boosted the Clippers' odds of winning the NBA Championship from +1700 to +1200 at DraftKings Inc (NASDAQ:DKNG), and from +2200 to +1300 at BetMGM, a joint venture of MGM Resorts International (NYSE:MGM) and Entain. The 76ers' odds also slightly improved from +1900 to +1800.

Portfolio Pulse from Chris Katje

October 31, 2023 | 6:40 pm