Streetbeat News

Equity Actions

AIRE

ANGH

BURL

GLMD

HIBB

SYM

VTVT

The Nasdaq Composite fell over 100 points, with the broader U.S. stock market also trading lower. Burlington Stores, Inc. (BURL) shares surged over 20% after reporting Q3 results that beat earnings estimates but slightly missed on revenue. Anghami Inc. (ANGH), Symbotic Inc. (SYM), and Hibbett, Inc. (HIBB) saw their shares rise significantly after positive news. Conversely, reAlpha Tech Corp. (AIRE), vTv Therapeutics Inc. (VTVT), and Galmed Pharmaceuticals Ltd. (GLMD) experienced sharp declines due to various negative developments.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 5:04 pm

KNSW

KnightSwan Acquisition Corporation (NYSE:KNSW) has decided to redeem all outstanding shares of Class A common stock as it will not complete an initial business combination by the set deadline. The redemption price per share is approximately $10.61. The company's securities will cease trading on the NYSE after December 5, 2023, and shares will be cancelled effective December 6, 2023. The company's warrants will expire worthless, and the sponsor has waived redemption rights for Class B common stock. The company will wind up operations after the redemption and expects to delist from the NYSE and terminate its securities registration.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:02 pm

BDX

Becton Dickinson Inc. (NYSE:BDX) saw a 1.04% increase in its stock price to $236.09 in the current market session, despite an 8.92% decrease over the past month and a 0.52% drop over the past year. The company's P/E ratio of 45.82 is lower than the Health Care Equipment & Supplies industry average of 56.12, which could suggest it is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

LQR

LQR House announced a 60-for-1 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:59 pm

EBAY

eBay has announced its commitment to return approximately 125% of its cumulative free cash flow to shareholders through stock repurchases and dividends over a three-year period from 2022 to 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:53 pm

BX

EBAY

eBay Inc. (NASDAQ:EBAY) has expressed support for a voluntary tender offer by Permira and Blackstone to acquire Adevinta, with eBay set to receive $2.2 billion in cash and retain a 20% stake in Adevinta. The transaction values eBay's total stake at approximately $4.3 billion, a significant premium over the pre-speculation value. eBay plans to use the cash for general corporate purposes and continue its commitment to return 125% of free cash flow to shareholders. The deal is expected to close in Q2 2024, subject to regulatory approvals and other conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:50 pm

GANX

Gain Therapeutics (GANX) stock is down following the announcement of a public offering of 2,213,044 shares at $2.005 each and a private placement of 2,500,088 shares at $2 each, totaling $9.4 million.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:49 pm

VTVT

vTv Therapeutics announced a 1-for-40 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:32 pm

VTVT

vTv Therapeutics Inc. implemented a 1-for-40 reverse stock split on November 20, 2023, to regain compliance with Nasdaq's minimum share price requirement. The reverse split affected both Class A and Class B common stock, with fractional shares rounded up. The post-split trading of Class A common stock under the symbol 'VTVT' with a new CUSIP number began on November 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:31 pm

DHI

D.R. Horton (NYSE:DHI) has seen significant bearish options activity, with a total of 12 unusual options trades detected by Benzinga's options scanner. All trades are bearish, with 10 puts worth $486,169 and 2 calls worth $57,810. The options suggest a price range of $92.5 to $155.0 for D.R. Horton. The company is a leading homebuilder in the U.S., offering mortgage financing and title agency services. DHI's stock is slightly down by -0.09% at $128.29, with potential overbought RSI readings. The earnings release is expected in 63 days. Analysts have mixed ratings on DHI, with target prices ranging from $116 to $148.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:31 pm