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Equity Actions

APO

Apollo (NYSE:APO) has signed an agreement to invest up to €1.5 billion into an Air France-KLM operating affiliate. The investment will be used to strengthen the balance sheet of Air France-KLM and enhance the scalability and growth prospects of its Flying Blue loyalty program. This is the third transaction between Apollo and Air France-KLM in the last 18 months.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:42 pm

RNAZ

TransCode Therapeutics, Inc. (NASDAQ:RNAZ) has announced the commencement of an underwritten public offering of its common stock. The company also expects to grant the underwriters a 45-day option to purchase additional shares equal to 15% of the shares offered in the public offering. The offering is subject to market and other conditions, and there is no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. ThinkEquity is acting as sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:36 pm

BZFD

BuzzFeed's CFO, Felicia DellaFortuna, is set to leave the company before the end of November to pursue a new opportunity. Matt Omer will succeed her as CFO on November 6.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:34 pm

GVP

GSE Solutions has announced a 10-for-1 reverse stock split of its outstanding shares of common stock. The move is aimed at increasing the per-share trading price of the company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:33 pm

NEM

A whale investor has taken a bullish stance on Newmont (NYSE:NEM), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $30.0 to $60.0 for Newmont over the last 3 months. The price of NEM is up 1.88% at $37.45. Jefferies has decided to maintain their Hold rating on Newmont, which currently sits at a price target of $38.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 8:31 pm

RSG

Republic Services has updated its FY23 adjusted EPS guidance to $5.46-$5.49, which is higher than the previous estimate of $5.35.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:26 pm

HIG

Hartford Financial Services Group has increased its quarterly dividend from $0.4250 to $0.47 per share. The company returned $481 million to stockholders in the third quarter, including $350 million of shares repurchased and $131 million in common stockholder dividends paid.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 8:21 pm

CHPT

ChargePoint Holdings Inc's stock hit a new all-time low, falling 4.6% to $2.50, amid broader weakness in the EV sector and a rise in Treasury yields. The stock has plunged by 50% in the last month, primarily due to the company's announcement about commitments from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company also plans to modify the terms of their notes with the lead investor, which could be viewed as a sign of financial pressure.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 8:19 pm

DXCM

Dexcom, a leading provider of continuous glucose monitoring systems, has announced a $500 million share buyback program. This move is expected to boost investor confidence and potentially increase the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:12 pm

HUBG

Hub Group has provided its FY23 outlook, expecting diluted earnings per share to range from $5.30 to $5.40, lower than the estimated $5.99. The company also anticipates revenue of approximately $4.2 billion, which is less than the estimated $4.31 billion. Capital expenditures are expected to range from $140 to $150 million.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 8:09 pm