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Equity Actions

ARKF

ARKK

ARKW

COIN

Cathie Wood's Ark Invest has significant stakes in Coinbase Inc. (NASDAQ:COIN) and Block Inc. (NYSE:SQ) across its ETFs. Coinbase accounts for 8.8% weight in ARKK ETF, with a market valuation of $545 million. Block accounts for 5.16% of the fund at a valuation of $319.4 million. Despite both stocks being down from their 2021 highs, Coinbase has provided significant returns this year, outperforming Square and major indices like the S&P 500 and Nasdaq.

Portfolio Pulse from Neer Varshney

October 25, 2023 | 7:12 am

LUXH

LuxUrban Hotels has priced its public offering of 280,000 initial shares of its 13.00% Series A Cumulative Redeemable Preferred Stock at a liquidation preference of $25 per share.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:58 am

COIN

EXAS

GBTC

HOOD

PATH

ROKU

Ark Invest, led by Cathie Wood, made significant trades on Tuesday, purchasing shares in Robinhood Markets Inc (HOOD) and selling positions in Coinbase Global Inc (COIN) and Grayscale Bitcoin Trust (GBTC). The firm also sold shares of UiPath Inc (PATH) and Exact Sciences Corp (EXAS), and bought shares of Roku Inc (ROKU). These trades were made through ARK Next Generation Internet ETF (ARKW), ARK Genomic Revolution ETF (ARKG), and ARK Innovation ETF (ARKK).

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 3:54 am

AMZN

GOOGL

MSFT

SNAP

TSLA

US stocks showed positive momentum on Tuesday with Dow Jones, NASDAQ, and S&P 500 indices rising. Microsoft, Alphabet, Snap, Amazon, and Tesla were the top stocks gaining attention. Microsoft reported a 13% YoY increase in its fiscal first-quarter revenue. Alphabet reported an 11% YoY increase in its third-quarter revenue. Snap announced a $500 million buyback program. Amazon received a Buy rating from Seaport analyst Aaron Kessler. Tesla hinted at a driving range for its upcoming Cybertruck comparable to or better than a Model X.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 1:30 am

Visa's board of directors has authorized a new $25 billion multi-year share repurchase program and increased the company's quarterly cash dividend from $0.45 to $0.52 per share. The dividend will be payable on December 1, 2023, to all holders of record as of November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:15 pm

TDY

Teledyne Technologies Incorporated (TDY) has announced a change in its leadership structure, effective January 1, 2024. Robert Mehrabian will become the Executive Chairman, Edwin Roks will take over as CEO, and George Bobb will assume the role of President and COO.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:51 pm

MRIN

Marin Software has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on October 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:31 pm

ARKK

COIN

DKNG

PATH

RBLX

TSLA

ARK Innovation ETF (ARKK) recorded a 3% surge on Tuesday, its strongest session since late August. The primary driver was optimism surrounding the approval of a Bitcoin ETF, with Coinbase Global Inc. (COIN) playing a key role. Other stocks contributing to the ETF's performance include Tesla Inc. (TSLA), UiPath Inc. (PATH), Roblox Corp. (RBLX), and DraftKings Inc. (DKNG).

Portfolio Pulse from Piero Cingari

October 24, 2023 | 9:20 pm

DAL

Delta Air Lines has announced the cancellation of its service between Tel Aviv's Ben Gurion Airport and New York's John F. Kennedy International Airport through November 15.

Portfolio Pulse from Charles Gross

October 24, 2023 | 9:17 pm

Visa Inc. reported better-than-expected Q4 results, with earnings of $2.33 per share, beating the analyst consensus estimate of $2.24. Quarterly sales were $8.61 billion, surpassing the estimate of $8.55 billion. Payment volume for the quarter rose 9% YoY, and the number of processed transactions grew 10%. Visa also raised its quarterly cash dividend by 16% to $0.520 per share and authorized a new $25 billion multi-year share repurchase program.

Portfolio Pulse from Ryan Gustafson

October 24, 2023 | 9:04 pm