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Equity Actions

PSX

The Board of Directors of Phillips 66 has approved an additional $5 billion in share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:45 pm

ALGN

Align Technology, Inc. (NASDAQ:ALGN) has announced a new accelerated stock repurchase agreement with Citibank, N.A. to repurchase $250 million of Align's common stock under Align's $1.0 billion stock repurchase program. The company's CEO, Joe Hogan, also intends to personally purchase $1.0 million of Align's common stock. The repurchase program will operate under Rule 10b5-1 of the Securities Exchange Act of 1934.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:32 pm

MDNA

Medicenna Therapeutics Corp. has announced that it will be delisted from Nasdaq and will be reducing its management team. The company has not provided any specific reasons for these changes.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:19 pm

CTVA

Corteva has reaffirmed its commitment to repurchase $750M of its shares in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:12 pm

DXCM

Dexcom reported strong Q3 results and announced a $500 million buyback, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:11 pm

SNY

Sanofi reported mixed Q3 financial results and announced plans to separate its Consumer Healthcare Business. This news led to a decrease in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:10 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher after several buy-back proposals by Chinese companies boosted confidence, and industrial profits rose for a second straight month. The stock also remained buoyed by Taobao and Tmall Group's presales for its Singles' Day promotion. China unleashed a 1 trillion yuan special government bond issue to fund disaster relief and reconstruction, and Hong Kong proposes to cut stamp duty on stock transactions and ease restrictions on home purchases.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 11:57 am

PYR

PyroGenesis has announced its intention to voluntarily delist from Nasdaq. However, the company's shares will continue to trade on the Toronto Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:44 am

SHFS

SHF Holdings has announced that it is restructuring certain deferred consideration obligations related to its 2022 acquisition of Abaca. The agreement is expected to reduce dilution and provide long-term benefits.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:34 am

AMZN

META

QQQ

SPY

The US equity market is showing signs of recovery, with Amazon's Q3 results lifting tech stocks. The Nasdaq Composite and S&P 500 are eyeing a rebound, while Bitcoin edges down. Mixed earnings and robust economic data triggered a market decline in the previous session. The Nasdaq Composite has entered correction territory, while the S&P 500 teeters just above. The Dow Industrials also closed lower. The Russell 2000 rebounded after recent declines. Communication services stocks faced pressure due to Meta Platforms' cautious remarks. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. DexCom, Masimo Corporation, Amazon, and Intel saw premarket gains, while Ford and Enphase Energy fell.

Portfolio Pulse from Shanthi Rexaline

October 27, 2023 | 11:20 am