Streetbeat News

Equity Actions

BDRX

Biodexa Pharmaceuticals (NASDAQ:BDRX) announced a change in the ratio of its ADRs from 1 ADR representing 400 ordinary shares to 1 ADR representing 10,000 ordinary shares, effective October 4, 2024. ADR holders must exchange their ADRs on a mandatory basis.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:33 pm

FANG

Diamondback Energy's board has approved an increase in the total authorized repurchases under its existing common stock repurchase program to $6 billion.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:29 pm

KOPN

Kopin Corporation has announced a public offering of common stock and pre-funded warrants. The proceeds are intended for general corporate purposes and potential litigation payments. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:17 pm

ARQ

Arq shares declined following the announcement of a proposed public offering of common stock, with details yet to be disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:11 pm

FDX

FedEx plans to repurchase an additional $1.5 billion of its common stock during fiscal 2025, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:05 pm

ARQ

Arq has announced a proposed public offering of its common stock, though the size of the offering has not been disclosed. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:03 pm

IRDM

Iridium Communications Inc. has announced a $500 million share repurchase program, increasing the total authorization to $1.5 billion, with a targeted completion by December 2027.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:02 pm

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares fell 10.1% after announcing an Equity Distribution Agreement to issue up to $250 million in common shares. The company is also settling litigation claims related to the Maui windstorm and wildfires for $1.91 billion, with payments starting in 2025.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 5:29 pm

DJT

Trump Media & Technology Group shares are declining, likely due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling stocks. Additionally, 2024 Presidential polls indicate Donald Trump is trailing Vice President Harris.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:10 pm

DJT

Trump Media & Technology Group's lockup expiration allows pre-IPO shareholders, including Donald Trump, to sell their shares. Despite a significant stake, Trump maintains control through special voting shares. The stock has been volatile, with recent declines, and potential sales by Trump or other shareholders could impact the price further.

Portfolio Pulse from Chris Katje

September 19, 2024 | 4:13 pm