Streetbeat News

Equity Actions

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

F

GM

TSLA

The United Auto Workers Union (UAW) and Ford Motor Co have agreed to a tentative deal to end the union’s strike, which includes a 25% wage increase for employees. Post this increase, Ford engineers will be making around $140,000 a year. Engineers at General Motors Co make slightly more than Ford engineers, with an average salary of $117,000 a year. Engineers at Tesla Inc earn more than the other major U.S. auto manufacturers, with an average salary of over $130,000 a year.

Portfolio Pulse from Aaron Bry

October 26, 2023 | 8:06 pm

AMZN

Amazon's Q3 2023 net income includes a pre-tax valuation gain of $1.2 billion from its common stock investment in Rivian Automotive.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:03 pm

YPF

Scientists have developed a new method to create lithium batteries using cow hair. This revolutionary technology could potentially disrupt the battery industry. YPF is mentioned in the article.

Portfolio Pulse from El Planteo

October 26, 2023 | 7:44 pm

BX

A significant bullish stance has been taken on Blackstone (NYSE:BX) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 72% bullish and 27% bearish. The targeted price range for Blackstone over the last 3 months has been $50.0 to $120.0. Analysts from HSBC, Morgan Stanley, Wells Fargo, Oppenheimer, and Barclays have provided their ratings and price targets for Blackstone.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:31 pm

DXCM

A whale investor has taken a bullish stance on DexCom (NASDAQ:DXCM), with 64% of investors opening trades with bullish expectations. The whale has been targeting a price range from $60.0 to $150.0 for DexCom over the last 3 months. JP Morgan, Morgan Stanley, and Stifel have maintained their positive ratings on DexCom, while Leerink Partners downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:31 pm

SMFL

Smart For Life has announced a 1-for-3 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:29 pm