Streetbeat News

Equity Actions

AZTA

Azenta, Inc. has announced its commitment to repurchase an additional $500 million worth of its shares in fiscal 2024. This move is part of the company's ongoing share repurchase program and reflects its confidence in the long-term value of its stock. The repurchase plan is likely to be perceived positively by investors as it often signals a company's belief that its shares are undervalued and that it is acting to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:09 pm

EXFY

A Form 4 filing with the SEC reveals that SF Roofdeck GP LLC purchased 1,014,197 shares of Expensify's common stock at a price of $1.82 per share.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:06 pm

K

NTRS

Northern Trust Corp has disclosed a 16.3% stake in WK Kellogg Co as of October 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:47 pm

KR

Kroger's (NYSE:KR) short interest has decreased by 11.3% since the last report, with 19.84 million shares sold short, representing 3.14% of available shares. The short interest is below the peer group average of 4.43%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 8:45 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) has announced the renewal of its CA$100M share repurchase program, set to commence after the current program expires on November 20, 2023. The company can repurchase up to 13.1 million shares, representing 5% of outstanding shares. SNDL reported a 78% reduction in net loss for Q3 2023 YoY, with a net loss of CA$21.8 million. Net revenue increased by 3.1% to CA$237.6 million, with significant growth in cannabis retail and operations. The company has CA$785 million in unrestricted cash and no debt, with a net book value of CA$1.3 billion. SNDL's stock was up 11.19% to $1.58 per share following the news.

Portfolio Pulse from Jelena Martinovic

November 13, 2023 | 8:36 pm

XMTR

Eventide Asset Management, LLC has disclosed a 12.65% ownership stake in Xometry, Inc. as of October 31, 2023, according to a recent 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:11 pm

PCYO

Pure Cycle Corporation (NASDAQ:PCYO) has issued a correction regarding the announcement dates for its year-end 2023 earnings call. The company will release its financial results for the year ended August 31, 2023, on November 15, 2023, and will hold a conference call on November 16, 2023, to discuss the results.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:10 pm

DHR

Danaher Corporation (NYSE:DHR) has experienced a 3.41% increase in short interest since its last report, with 6.03 million shares sold short, representing 0.91% of its float. The average time to cover these short positions is 1.38 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Danaher's short interest is below its peer group average of 5.70%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:30 pm

NEGG

Newegg Commerce Inc (NASDAQ:NEGG) stock surged 42% to $0.79 after receiving a notice from Nasdaq about non-compliance with the minimum bid price requirement. The company has 180 days to regain compliance, with the possibility of an additional 180-day grace period. Newegg's board also approved a $10 million share repurchase program, with funding from existing cash and operational cash flows. The company reported $51.8 million in cash and equivalents as of June 30, 2023.

Portfolio Pulse from Henry Khederian

November 13, 2023 | 7:25 pm

LI

Financial analysts have observed a bearish sentiment among options traders for Li Auto (NASDAQ:LI), with 80% of the unusual trades being puts. The trades suggest that big players anticipate Li Auto's stock to stay within $35.0 to $40.0. Li Auto, a Chinese NEV manufacturer, has seen its stock price increase by 3.03% to $38.08, with a high trading volume and potential overbought RSI readings. The company's next earnings release is expected in 105 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:15 pm