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Equity Actions

EWG

Germany's industrial production for September fell by 1.4%, significantly more than the estimated 0.1% decrease. The previous month's figure was revised to a 0.1% decrease.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:02 am

GBTC

SQ

Ark Invest, led by Cathie Wood, has purchased $5.6 million worth of shares in Block Inc (NYSE:SQ) and sold $3.76 million worth of Grayscale Bitcoin Trust ETF (OTC:GBTC) shares. The move aligns with Wood's investment philosophy of focusing on innovative companies poised for growth.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 3:42 am

CELH

HIMS

LIFW

TSLA

UBER

Five stocks have caught investors' attention: MSP Recovery, Uber, Hims & Hers Health, Celsius, and Tesla. MSP Recovery surged 252.19% after confirming compliance with Nasdaq listing standards. Uber rose slightly by 0.82% due to strong demand in the mobility and delivery market. Hims & Hers Health dipped by -3.09% despite raising its full-year revenue guidance and announcing a $50 million share buyback program. Celsius climbed 1.35% ahead of its earnings report and news of a three-for-one stock split. Tesla declined by -0.31% but is expected to rally due to new vehicle plans and wage increases at its German factory.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 2:26 am

BATRA

BATRK

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA, BATRK) has announced a secondary public offering of 1,811,066 shares of its Series C common stock currently held by Liberty Media Corporation. Liberty Media plans to exchange the shares for its own indebtedness held by an affiliate of J.P. Morgan Securities LLC, who will then sell the shares to the underwriter in the offering. Atlanta Braves Holdings is not selling any shares and will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:50 pm

ATSG

Air Transport Services Group (ATSG) has appointed Joe Hete, the current Chairman and former longtime CEO, as its CEO effective immediately. The previous CEO, Rich Corrado, is leaving his role effective immediately. Hete will also continue as Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:49 pm

ERO

Ero Copper Corp. (NYSE:ERO) has announced a bought deal financing agreement with a syndicate of underwriters led by BMO Capital Markets. The underwriters will purchase 8,510,000 common shares at a price of $12.35 per share, generating gross proceeds of approximately $105 million. The proceeds will be used to advance growth initiatives at Ero's Tucumã Project and Caraíba Operations, advance regional exploration programs, and for general corporate and working capital purposes. The offering is expected to close on November 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:48 pm

AURA

Aura Biosciences, a clinical-stage biotechnology company, has announced the launch of an underwritten public offering of its common stock. The size or amount of the offering has not been disclosed. The offering is subject to market conditions and there is no assurance as to whether or when it may be completed. Leerink Partners, TD Cowen, and Evercore ISI are acting as joint bookrunning managers for the offering, with JMP Securities as the lead manager.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:43 pm

RVMD

Revolution Medicines has updated its projected full year 2023 GAAP net loss to be between $385M-$415M, including an estimated non-cash stock-based compensation expense of $45M-$50M. The company's current cash, cash equivalents and investments are expected to fund operations into 2025. The financial guidance excludes the impact of the proposed EQRx transaction.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:27 pm

SPLK

Splunk Inc. has announced that its selling stockholders may offer and resell up to 12,799,822 shares of common stock from time to time. The company itself is not offering any shares and will not receive any proceeds from these sales. The selling stockholders may also sell the shares through public or private transactions at market prices or at negotiated prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:14 pm

VTLE

Vital Energy Inc has filed for a stock shelf of up to 8.277 million shares of common stock, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:08 pm