Streetbeat News

Equity Actions

HVT

Havertys (NYSE:HVT) has announced a special cash dividend of $1.00 per share on common stock and $0.95 per share on Class A common stock. Additionally, the board approved a regular quarterly cash dividend of $0.30 per share on common stock and $0.28 per share on Class A common stock. Both dividends will be paid on December 13, 2023, to shareholders of record as of November 28, 2023. Havertys has a long history of paying dividends, having done so annually since 1935.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:12 pm

NCNA

NuCana plc (NASDAQ:NCNA) has transferred its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market effective November 9, 2023. The transfer was approved based on meeting the market value of publicly held shares requirement and other criteria, except for the minimum bid price. NuCana's ADSs continue to trade under the ticker symbol 'NCNA'. Nasdaq has granted NuCana an additional 180 days to comply with the minimum bid price requirement of $1.00 per ADS.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:01 pm

CTA

DBMF

EQLS

FMF

KMLM

MTBA

WTMF

Hedge fund strategies are being replicated in ETFs, offering lower fees and attracting institutional investors. Simplify's EQLS and MTBA, iMGP's DBMF, First Trust's FMF, Simplify's CTA, KFA's KMLM, and WisdomTree's WTMF are examples of such ETFs. EQLS received $104 million from GE's pension fund, while Michigan's pension fund invested $364 million in another Simplify ETF. These ETFs charge less than 1% in fees, compared to the typical 2% management and 20% performance fees of hedge funds, suggesting a potential for even lower fees in the future.

Portfolio Pulse from Surbhi Jain

November 10, 2023 | 8:29 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) stock dropped 7.5% to $8.06 due to ongoing weakness after reporting Q3 financial results and announcing a $350 million at-the-market offering. The offering involves Citigroup, Barclays, B. Riley Securities, and Goldman Sachs as sales agents. AMC's Q3 report showed a revenue increase of 45.2% year-over-year to $1.41 billion, beating estimates, and an EPS loss of 9 cents, also above expectations. The company's 52-week stock price range is $7.05 to $91.50.

Portfolio Pulse from Henry Khederian

November 10, 2023 | 8:12 pm

FXI

SPY

Treasury Secretary Yellen reports significant progress in U.S.-China relations since the Biden-Xi meeting in November 2022, citing 'candid, direct and productive' engagement with China's He.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:10 pm

CYBN

Cybin Inc. (NYSE:CYBN), a clinical-stage psychedelics biotech company, has launched a new underwritten offering of 66.66 million units at $0.45 each to institutional shareholders, aiming to raise up to $64 million. The offering includes common shares and warrants exercisable at $0.51. The proceeds will fund Cybin's CYB003 and deuterated DMT programs and for general corporate purposes. Cybin also suspended a previous funding agreement with Lincoln Park Capital Fund (LPC), effective immediately.

Portfolio Pulse from Lara Goldstein

November 10, 2023 | 7:58 pm

AMC

AMC Entertainment's stock is trading lower due to ongoing weakness following its Q3 financial results and the announcement of a $350 million at-the-market offering.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:48 pm

MCD

McDonald's Inc. (NYSE:MCD) shares are trading at $267.35, with a recent increase of 0.16% and a 7.65% rise over the past month. Despite this, the stock has fallen by 1.82% over the past year. The P/E ratio of McDonald's is 23.54, which is lower than the industry average of 122.21. This could suggest that the stock is undervalued or that shareholders expect lower future growth compared to its industry peers.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:30 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TLT

TSLA

Following a poor Treasury auction and comments from Powell about raising rates, stocks initially fell but later saw buying interest due to Wall Street mechanics. iShares 20 Plus Year Treasury Bond ETF (TLT) dropped but is recovering. Consumer confidence and inflation data are expected to be market-moving, with CPI data due on November 14. Short squeezes are common on Fridays, and early trading suggests one may be occurring. Money flows are positive for big tech stocks like AAPL, AMZN, GOOG, META, MSFT, NVDA, and TSLA, while mixed for SPY and QQQ. The momo crowd is buying stocks and oil but selling gold, with smart money's actions locked. Bitcoin is seeing retail interest on hopes of a weekend price surge. The article suggests maintaining good long-term positions and having a protection band strategy with cash or hedges based on risk preference.

Portfolio Pulse from The Arora Report

November 10, 2023 | 7:03 pm

NVR

NVR Inc. has announced a new $750 million stock buyback program, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:56 pm