Streetbeat News

Equity Actions

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

BRK.A

SIRI

Sirius XM Holdings' stock price has increased following the disclosure by Berkshire Hathaway that it acquired 9.68 million shares of Sirius XM in the third quarter.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:21 pm

DIS

Activist investor ValueAct Capital has been accumulating a significant stake in The Walt Disney Company (DIS) since the summer, during the Hollywood strikes. ValueAct, known for its corporate governance focus, is in dialogue with Disney's management and considers Disney's theme parks and consumer products businesses to be worth low $80s per share on their own. ValueAct's involvement has historically led to increased profitability and stock prices in other companies. Disney's current market value is $167 billion, and the company has announced an aggressive cost-cutting plan. ValueAct's history of board involvement and strategic initiatives in other companies suggests potential for a similar impact at Disney, especially with the ongoing proxy fight with Nelson Peltz and Trian Partners.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:05 pm

CHGG

Chegg Inc (NYSE:CHGG) announced a $150 million accelerated share repurchase agreement, which is part of its previously announced $2.2 billion buyback program. The company will initially receive approximately 13.5 million shares by Nov. 15, with final settlement expected by Q2 2024. Chegg's CEO expressed confidence in the company's position and commitment to enhancing shareholder value. Following the news, Chegg's stock price increased by 5.62%.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 1:49 pm

Dynatrace (NYSE:DT), a leader in unified observability and security, has announced the pricing of a public offering of 10 million shares of common stock by certain selling stockholders. The underwriter, BofA Securities, has been granted a 30-day option to purchase up to an additional 1.5 million shares. The offering is set to close on November 17, 2023, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:38 pm

BOOM

EVA

MIND

NINE

The article highlights four energy stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting a potential buying opportunity for undervalued companies. Enviva Inc. (EVA) reported a significant net loss and has an RSI of 28.25. Nine Energy Service, Inc. (NINE) reported third-quarter revenues in line with expectations and has an RSI of 22.00. MIND Technology, Inc. (MIND) underwent a reverse stock split and has an RSI of 15.92. DMC Global Inc. (BOOM) appointed a new independent director and has an RSI of 27.37.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 1:23 pm

GFF

Griffon Corporation has increased its share buyback authorization to $200 million, bringing the total remaining buyback authorization to $262 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:10 pm

FEMY

PMCB

Femasys Inc. has obtained an additional $6.85 million in financing through a strategic investment led by PharmaCyte Biotech. This investment is aimed at supporting Femasys' growth and development efforts.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:32 pm