Streetbeat News

Equity Actions

PINS

Pinterest's board has authorized a stock repurchase program of up to $1B of Class A common stock.

Portfolio Pulse from Charles Gross

September 20, 2023 | 10:03 am

HPP

BMO Capital analyst John Kim has upgraded Hudson Pacific Properties (NYSE:HPP) from Market Perform to Outperform and raised the price target from $7 to $10.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:59 am

DIS

FDX

GIS

KBH

The CNN Money Fear and Greed index showed some improvement in overall sentiment among U.S. investors on Tuesday. The Dow Jones closed lower by over 100 points ahead of Federal Reserve interest-rate decision. Housing starts in the U.S. fell 11.3% month-over-month to an annualized rate of 1.283 million in August. The Walt Disney Company (NYSE:DIS) shares fell 3.6% after the company shared plans to double its capital expenditures at its Disney Parks, Experiences and Products segment to $60 billion over the next decade. Investors are awaiting earnings results from FedEx Corporation (NYSE:FDX), General Mills, Inc. (NYSE:GIS) and KB Home (NYSE:KBH).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 7:58 am

ADXN

Addex Therapeutics (NASDAQ:ADXN) has led a consortium that has been awarded a €4 million Eurostars grant to support its mGlu2 receptor negative allosteric modulator (NAM) program for mild neurocognitive disorder. The consortium includes Naason Science, BioAxis Research, Pharmidex Pharmaceutical Services, and Stichting Radboud Universiteit.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:17 am

BA

FXI

Boeing (NYSE:BA) predicts that China will require 8,560 new commercial airplanes by 2042 due to economic growth and increasing demand for domestic air travel. According to Boeing's Commercial Market Outlook, China's commercial airliner fleet will more than double to nearly 9,600 jets over the next 20 years.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:15 am

KVYO

Klaviyo has priced its initial public offering (IPO) of 19.2 million common shares at $30 per share. The offering includes 11.5 million shares offered by Klaviyo and 7.7 million shares to be sold by existing stockholders. The gross proceeds from the offering are expected to be around $345.2 million, before deductions.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:11 am

PR

Permian Resources has priced its secondary public offering of 21.45 million common shares at $13.05 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:56 am

MSGE

Madison Square Garden Entertainment Corp. (MSGE) has priced its public offering of 7.15 million common shares at $32.50 per share. The company also plans to repurchase 1,602,564 shares for approximately $50 million at $31.20 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:51 am

GM

TSLA

Nikola CEO Steve Girsky has stated that General Motors Corp. (GM) once dismissed Tesla, Inc. (TSLA) as insignificant, giving Tesla a 10-year head start in the electric vehicle industry. Girsky believes that Nikola has a similar opportunity as major companies are overlooking the zero-emissions trucking industry. Tesla's first-mover advantage has allowed it to scale up, improve manufacturing efficiency, and vertically integrate, maintaining its position as the leading global EV manufacturer.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 6:40 am

HLVX

HilleVax has priced its public offering of 8 million common shares at $12.50 per share, aiming to raise $100 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:13 am