Streetbeat News

Equity Actions

FBIO

Fortress Biotech (FBIO) shares dropped 18.5% after announcing an $8 million direct offering and private placements. The company sold shares at $1.65 each and issued warrants at $1.84. The stock has fallen significantly over the past year.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 4:15 pm

MEDS

Trxade Health, Inc. has announced a name change to Scienture Holdings. The company's stock will begin trading under the new ticker symbol SCNX starting September 23.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 4:10 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are declining as the lockup period for some investors has expired, allowing them to sell shares. Despite Trump's assurance of not selling his shares, the stock has fallen over 20% in the past five days and is down nearly 75% since its SPAC merger debut.

Portfolio Pulse from Erica Kollmann

September 20, 2024 | 4:07 pm

ONCO

Onconetix has announced that its stockholders have approved a 1-for-40 reverse stock split, which will be effective on September 24, 2024. This corporate action is likely to impact the stock's trading dynamics.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 3:46 pm

AZO

AutoZone, Inc. (NYSE:AZO) is set to release its Q4 fiscal 2024 earnings on Sept. 24, with expectations of increased earnings and revenue compared to last year. Analysts have revised their forecasts, maintaining positive ratings but adjusting price targets. AutoZone's board approved a $1.5 billion share repurchase in June.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 3:10 pm

CHWY

Chewy Inc (CHWY) shares fell 4.38% to $29.74 after announcing a public offering of 16.67 million shares by its largest shareholder, Buddy Chester Sub LLC, at $30 per share. Chewy will repurchase $300 million of its Class A stock from the seller, separate from its existing $500 million repurchase program. The offering is expected to close by September 23.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 2:51 pm

AAPL

MSFT

SPY

Apple Inc. (AAPL) is expected to benefit from the S&P 500 rebalancing on Friday, which coincides with the quarterly triple witching event. The rebalancing will see Apple become the largest holding in the SPDR S&P 500 ETF Trust (SPY), potentially leading to increased volatility and net buying in the technology sector.

Portfolio Pulse from Chris Katje

September 20, 2024 | 1:48 pm

DWAC

Trump Media & Technology Group shares are declining, potentially due to the expiration of a lockup period allowing large shareholders to sell. Additionally, Donald Trump is trailing Vice President Harris in 2024 Presidential polls.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:21 pm

SRBK

SR Bancorp has announced a share repurchase program, allowing the company to buy back up to 950,793 shares. This move is often seen as a way to return value to shareholders and can indicate that the company believes its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:03 pm

FBIO

Fortress Biotech shares declined following the announcement of an $8 million registered direct offering and concurrent private placements.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 12:34 pm