Streetbeat News

Equity Actions

SKWD

WED.V

Skyward Specialty Insurance Group has priced its upsized follow-on offering of 5 million shares at $30.50 each. Of these, 2.15 million shares are offered by Skyward Specialty and 2.85 million by existing stockholder The Westaim Corporation.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:24 am

GBTC

Cathie Wood, CEO of ARK Invest, predicts that the approval of a U.S. Bitcoin ETF could challenge the Grayscale Bitcoin Trust's (GBTC) market position. ARK Invest, in partnership with 21 Shares, is awaiting SEC approval to launch a Bitcoin ETF. Wood believes this could introduce more liquid investment options and attract new investors, but also warns of potential profit-taking post-launch. ARK Invest has recently sold $6 million worth of GBTC shares, which Wood attributes to routine profit-taking.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 3:17 am

GMDA

Gamida Cell Ltd. has filed for a mixed shelf offering with the SEC, allowing the company to issue various types of securities up to a total of $150 million. This move could potentially dilute current shareholders but also provides the company with a flexible way to raise capital for operations, investment, and debt management.

Portfolio Pulse from Charles Gross

November 15, 2023 | 10:31 pm

SQSP

Squarespace, represented by the ticker SQSP, has announced a secondary offering of 6 million shares of Class A common stock by one of its selling stockholders, General Atlantic. Additionally, General Atlantic plans to offer the underwriter a 30-day option to purchase up to an additional 900,000 shares of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:53 pm

XOM

ExxonMobil plans to disclose more information about its corporate strategies and capital plans up to the year 2027, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:47 pm

DRS

Leonardo DRS, a defense contractor, has announced a proposed secondary offering of 16.5 million shares of common stock. The offering will be conducted by a subsidiary of Leonardo S.p.A., which is the parent company of Leonardo DRS.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:41 pm

COST

CVS

JNJ

MCD

PDD

PEP

SBUX

WMT

Bridgewater Associates, founded by Ray Dalio, has a portfolio heavily weighted towards consumer stocks, with significant stakes in Coca-Cola, Costco, and Walmart among others. The hedge fund's latest 13F filing for Q3 2023 shows a 40.63% investment in consumer discretionary and staples stocks. Bridgewater has increased its holdings in companies like Procter & Gamble, Coca-Cola, Costco, PepsiCo, Walmart, McDonald's, and CVS Health, while reducing positions in PDD Holdings, Starbucks, and Johnson & Johnson. This strategy aligns with the recent dip in U.S. inflation, suggesting a potential shift in the economic environment.

Portfolio Pulse from Surbhi Jain

November 15, 2023 | 9:32 pm

SAM

Boston Beer Company Inc has entered into a 10B5-1 plan to repurchase up to $50 million of its Class A common stock, as disclosed in an SEC 8K filing on November 13.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:31 pm

MPU

Mega Matrix Corp has entered into a non-binding letter of intent with Yuder Pte, which involves an exchange for 1.5 million shares of Mega Matrix's common stock.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:28 pm

OVID

Ovid Therapeutics Inc. has announced through an SEC filing that it may offer and sell shares of its common stock up to an aggregate offering price of $75 million from time to time.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:18 pm