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Equity Actions

BIVI

BioVie shares fell after the company raised $3 million through a secondary offering of 1.96 million shares at $1.53 per share.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:04 pm

HE

LNW

SNOW

Several major stocks, including Snowflake, Hawaiian Electric Industries, and Light & Wonder, experienced declines in pre-market trading. Snowflake's drop followed its announcement of a $2 billion private placement of senior convertible notes. Hawaiian Electric Industries fell after a $500 million secondary stock offering, and Light & Wonder tumbled due to a court injunction.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 12:51 pm

OCCI

OFS Credit Company has announced the commencement of a preferred stock offering, though the size of the offering has not been disclosed. This move is likely aimed at raising capital.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:51 pm

DELL

Dell Technologies has rejoined the S&P 500 Index as it marks its 40th anniversary and continues to expand its leadership in AI. Since 2023, Dell has returned $9 billion to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:15 pm

GBNY

Generations Bancorp NY, Inc. (NASDAQ:GBNY) is selling most of its assets to ESL Federal Credit Union for $26.2 million. The transaction will lead to the liquidation of Generations Bank, with shareholders receiving payouts. The company plans to delist from Nasdaq and move to the OTCQX Market.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 11:58 am

ARLO

Arlo Technologies has announced a plan to repurchase up to $50 million of its common stock. This move is likely to impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:08 am

BIVI

BioVie Inc. announced a secondary stock offering, raising $3 million by selling 1.96 million shares at $1.53 each. The funds will be used for working capital and general corporate purposes. The offering is expected to close on September 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:57 am

IVT

InvenTrust Properties Corp. raised $224 million through an upsized secondary stock offering of 8 million shares at $28 per share. The proceeds will be used for acquisitions, debt repayment, and working capital.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:54 am

HE

Hawaiian Electric Industries (NYSE:HE) has raised $500 million through a secondary stock offering of 54 million shares at $9.25 each. The proceeds will be used for the Maui wildfire litigation settlement and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:51 am

BABA

DJT

GME

SNOW

TSLA

The article highlights the performance of five stocks: Trump Media & Technology Group, GameStop, Alibaba, Snowflake, and Tesla. Trump Media's shares fell due to a lockup period expiration, GameStop rose after completing an offering, Alibaba gained from a partnership with Nvidia, Snowflake dropped after announcing a convertible notes placement, and Tesla surged on delivery expectations.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 2:39 am