Streetbeat News

Equity Actions

IWFN

IWM

IYR

PSCD

VB

VNQ

XOP

The Federal Reserve's anticipated interest rate cut is expected to impact small-cap sectors differently. Financials and real estate are likely to benefit, with ETFs like iShares Russell 2000 Financials ETF (IWFN) and Vanguard Real Estate ETF (VNQ) offering potential gains. Consumer discretionary and energy sectors may also see positive effects, with SPDR S&P 600 Small Cap Consumer Discretionary ETF (PSCD) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) as options. Technology and healthcare sectors remain stable but less rate-sensitive.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 1:34 pm

WHLR

Wheeler Real Estate shares are declining following the announcement of a 1-for-3 reverse stock split of its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:19 pm

CWST

Casella Waste Systems shares declined following the announcement of a $450 million public offering of 4.5 million shares at $100 each.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:14 pm

VCNX

Vaccinex has announced it raised $6.2 million in gross proceeds through the exercise of existing warrants and the issuance of new warrants for its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:38 pm

CBUS

Cibus shares fell after the company announced a $12 million offering of 3 million shares priced at $4.00 each.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:28 pm

CBUS

Cibus has announced a common stock offering of 3 million shares priced at $4 per share. This move is likely aimed at raising capital for the company.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:26 pm

DUO

Fangdd Network Group Ltd. (NASDAQ:DUO) will delist its ADSs from Nasdaq and replace them with Class A ordinary shares for trading on September 30, 2024. This involves a mandatory exchange of all ADSs into ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:18 pm

PROC

Procaps Group has announced updates on its financial restructuring, including $209 million in forbearance agreements and a $5 million shareholder investment. These efforts are part of ongoing strategies to stabilize the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:18 pm

CRVS

CWST

HMY

MPW

NEGG

SANA

SES

XCH

Several stocks, including Casella Waste Systems, SES AI, and others, are experiencing declines in Wednesday's pre-market session. Casella Waste Systems announced a public offering, leading to a 3.3% drop in its stock. SES AI's shares fell 6% despite a new collaboration announcement.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 12:12 pm

MGRC

WSC

McGrath RentCorp has terminated its merger with WillScot Mobile Mini Holdings Corp, receiving a $180 million termination fee. McGrath has also increased its share repurchase authorization to 2 million shares. The company will provide further business and financial updates during its Q3 earnings call on October 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:10 pm