Streetbeat News

Equity Actions

BCDA

BioCardia has filed for a mixed shelf offering of up to $50 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:31 pm

SSNLF

WDC

Kioxia Holdings Corp is seeking capital infusion from Japan Investment Corp to support its merger with Western Digital Corp (NASDAQ:WDC). The financial details of the capital infusion are undisclosed. The merger aims to create a holding company for NAND flash memory chips production. The deal faced opposition from SK Hynix Inc, a competitor and indirect shareholder in Kioxia. The combined market share of Kioxia and Western Digital for NAND memories is 35.4%.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 1:09 pm

HNRA

HNR Acquisition Corp (HNRA) has announced a special meeting of shareholders on October 30, 2023, to approve its business combination with Pogo Resources, LLC and to acquire the Grayburg-Jackson oil field in the Permian Basin. The meeting will also vote on several proposals including the acquisition of Pogo, an incentive plan, potential issuance of more than 19.99% of HNRA's outstanding shares, and a second amended and restated certificate of incorporation. The company expects to close the business combination soon after the meeting, subject to certain conditions including NYSE American listing approval.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:08 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported an 11% YoY increase in Q3 FY23 revenue to $8.31 billion, missing the consensus of $8.33 billion. Adjusted EPS increased 24% YoY to $0.78, beating the consensus of $0.77. The company also reported an 18% YoY increase in adjusted EBITDA to $2.08 billion. SLB repurchased 2.6 million shares at an average price of $57.46 per share for a total purchase price of $151 million. The company's Board of Directors approved a quarterly cash dividend of $0.25 per share.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 12:45 pm

CTVA

Oppenheimer analyst Kristen Owen has upgraded Corteva (NYSE:CTVA) from Perform to Outperform and announced a price target of $67.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:43 pm

GNS

The board of Genius Group has implemented a 10-year performance plan for its CEO, aiming to achieve a market capitalization of $1 billion.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:11 pm

BSRR

Sierra Bancorp (NASDAQ:BSRR) has announced that its Board of Directors has approved a new share repurchase program. The company is authorized to repurchase up to one million shares of its outstanding common stock, commencing after the current share repurchase program expires on October 31, 2023, and continuing until October 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:04 pm

KNX

NFLX

QQQ

SEDG

SPY

The market sentiment remains negative due to mixed earnings and rate worries. Crude oil continues to rise, questioning the U.S. government's decision to buy oil. The Nasdaq Composite and the S&P 500 indices closed lower for the third straight session. Netflix shares rallied following its quarterly results. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF slipped in premarket trading. Stocks of Knight-Swift Transportation soared following their quarterly results, while SolarEdge Technologies plunged after warning of a Q3 shortfall.

Portfolio Pulse from Shanthi Rexaline

October 20, 2023 | 11:26 am

AAPL

FXI

SPY

China's Vice Premier Ding Xuexiang has stated that China is willing to provide more opportunities for foreign-funded enterprises, including Apple, to develop in China.

Portfolio Pulse from Charles Gross

October 20, 2023 | 11:07 am

SXT

Sensient Technologies has revised its 2023 outlook, now expecting full year GAAP diluted earnings per share to be down low double digits YoY, compared to the previous guidance of high single digits. The company also anticipates 2023 revenue to grow at a low single-digit rate, down from the previous guidance of mid-single-digit growth. The changes are attributed to higher interest rates, a higher tax rate, and foreign exchange rates.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:03 am