Streetbeat News

Equity Actions

CASI

CASI Pharmaceuticals shares are trading higher following the announcement of a $15 million private placement financing.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:14 pm

LEVI

Levi Strauss & Co has announced an 8% increase in its quarterly dividend from $0.12 to $0.13 per share. The company returned $65 million to shareholders in the second quarter, including $48 million in dividends and $17 million in share repurchases. The new dividend will be payable on August 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:12 pm

RXRX

Recursion Pharmaceuticals (RXRX) has announced a proposed offering of $200 million of Class A common stock. This move is likely aimed at raising capital for further development and expansion.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:07 pm

ADUS

Addus HomeCare has announced a public offering of 1.50 million shares of its common stock, with an option for underwriters to purchase an additional 225,000 shares. The proceeds will be used to repay debt and for general corporate purposes, including acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:02 pm

FFIE

Faraday Future Intelligent Electric shares are trading higher following the announcement of a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:53 pm

AAPL

DIA

MSFT

NVDA

XLK

Nvidia Corporation (NASDAQ: NVDA) briefly surpassed Microsoft Corporation (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL) to become the most valuable company in the world, hitting a market capitalization of $3.33 trillion. Despite a short-term drop, Nvidia quickly reclaimed the $3 trillion mark. The stock has soared 207% over the last year and is up 152% year-to-date in 2024. Nvidia is now the second-largest holding in the Technology Select Sector SPDR Fund (NYSE: XLK) and could be added to the Dow Jones Industrial Average, impacting ETFs like the SPDR Dow Jones Industrial Average ETF (NYSE: DIA).

Portfolio Pulse from Chris Katje

June 26, 2024 | 7:35 pm

MSAI

MultiSensor AI Holdings has announced an offering of 5.05 million shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:30 pm

CRLBF

CURLF

GTBIF

TCNNF

Good Day Farm and NOLA PharmaHoldings are raising $65.6 million to expand in the medical cannabis market. This move highlights the growing M&A activity in the cannabis industry, driven by valuation disparities and cost of capital advantages for larger MSOs like Curaleaf, Green Thumb Industries, and Trulieve Cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

June 26, 2024 | 5:57 pm

NXL

Nexalin Technology is offering up to $7 million of common stock at $2.26 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:40 pm

ALVO

Alvotech shares are trading lower after the company announced that holders of majority subordinated convertible bonds elected to convert the principal and accrued interest into ordinary shares at $10.00 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:39 pm