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Equity Actions

MAIA

MAIA Biotechnology's stock is trading lower following the announcement of a $4 million registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:40 pm

TMO

Thermo Fisher Scientific has authorized a new $4 billion share repurchase program, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:33 pm

TMO

Thermo Fisher Scientific's stock is trading higher following the announcement of a $4 billion share repurchase authorization. This buyback program reflects the company's confidence in its financial strength and commitment to delivering shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:30 pm

STZ

Constellation Brands (NYSE:STZ) has seen a decrease in short interest, with the short percent of float dropping to 0.67%. The current volume suggests it would take about 1.17 days to cover all short positions. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. STZ's short interest is below its peer group average of 4.86%.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 3:00 pm

MRNA

Moderna's (NYSE:MRNA) short interest has increased by 8.4% since the last report, with 19.61 million shares sold short, representing 6.84% of available shares. It would take about 3.78 days to cover all short positions. While this rise in short interest could indicate bearish sentiment, it does not necessarily predict a near-term price drop. Moderna has a higher short interest than its peer group average of 3.92%.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 2:45 pm

MNST

Monster Beverage (NYSE:MNST) has seen an 8.76% increase in short interest since its last report, with 13.72 million shares sold short, representing 2.11% of available shares. The short interest ratio is 2.27 days to cover. While an increase in short interest can indicate bearish sentiment, Monster Beverage has less short interest compared to its peer group average of 6.86%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 2:45 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) announced a 1-for-12 reverse stock split effective November 16, 2023, after market close. The stock will trade on a split-adjusted basis starting November 17, 2023. The split was approved by stockholders and will reduce the number of issued shares from 5,899,060 to approximately 491,589. Adjustments will be made to equity awards and warrants, with fractional shares rounded up or down depending on how they are held.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:41 pm

MAIA

MAIA Biotechnology, Inc. has announced a registered direct offering of 2,424,243 shares at $1.65 per share, along with a concurrent private placement of warrants to purchase additional shares. The offering is expected to close on November 17, 2023, with H.C. Wainwright & Co. as the placement agent. The warrants have an exercise price of $1.86 and will become exercisable six months post-issuance. MAIA anticipates gross proceeds of approximately $4 million, to be used for working capital, general corporate purposes, and R&D activities.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:35 pm

ALRM

DHR

EXPE

ILMN

RBLX

ValueAct Capital Management has acquired stakes in Recruit Holdings and Expedia Group, anticipating strong growth for both companies. The investment firm highlighted Recruit's undervalued assets and Expedia's improving margins and cost management. ValueAct works behind the scenes with management and has a history of involvement with tech companies. It also disclosed new positions in Illumina, Danaher Corp, Roblox Corp, and Alarm.com Holdings in a recent regulatory filing.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:33 pm

CCF

KKR

Chase Corporation has announced that Lance Reisman will become the Chairman of the Board when a transaction is finalized. No further details about the transaction were provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:27 pm