Streetbeat News

Equity Actions

HIMS

Hims & Hers reported better-than-expected Q3 sales results and raised its FY23 guidance above estimates. The company also announced a $50 million share repurchase program, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:48 pm

CWAN

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has announced the launch of a secondary public offering of 17 million shares of its Class A common stock. The shares are being resold on behalf of affiliates of Welsh, Carson, Anderson & Stowe, Warburg Pincus LLC, and Permira Advisers LLC. The company will not receive any proceeds from the sale. J.P. Morgan is acting as the underwriter and sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:44 pm

COCO

Vita Coco Company has announced a secondary offering of 4 million shares of common stock by Verlinvest Beverages. The company itself is not selling any shares and will not receive any proceeds from the offering.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:42 pm

CNM

Core & Main has announced the launch of a secondary public offering of 19 million shares by certain selling stockholders. The company also plans a concurrent share repurchase of 3.1 million shares.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:41 pm

WELL

Welltower has reported the sale of 17.5 million shares of its common stock. The company has also granted underwriters an option to purchase up to 2.625 million additional shares. The shares were offered to BofA Securities, Inc. and Goldman Sachs & Co. LLC.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:30 pm

AEP

American Electric Power Company Inc has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:30 pm

CE

Celanese Corporation has appointed Scott Richardson as Executive Vice President and COO, and Chuck Kyrish as Senior Vice President and CFO.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:23 pm

KNF

MDU

Knife River has launched a secondary public offering of 5.142 million shares currently owned by its former parent company, MDU Resources. Knife River is not selling any of its own shares. If the greenshoe is fully exercised by the underwriters, MDU Resources will no longer own any shares of Knife River.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:21 pm

HIMS

Hims & Hers Health, Inc. has announced a $50 million share repurchase program authorization. This move is typically seen as a sign of the company's confidence in its own stock and can potentially lead to a short-term increase in the stock price.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:06 pm

FCX

A financial giant has made a bullish move on Freeport-McMoRan (NYSE:FCX), with 50% of traders showing bullish tendencies and 50% bearish. The significant investors are aiming for a price territory stretching from $33.0 to $50.0 for Freeport-McMoRan over the recent three months. JP Morgan has lowered its rating to Neutral with a new price target of $42, while BMO Capital maintains their Outperform rating with a price target of $45. Morgan Stanley continues to hold an Equal-Weight rating, targeting a price of $41.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 8:30 pm