Streetbeat News

Equity Actions

TLLTF

Tilt Holdings (OTC:TLLTF) has implemented cost-cutting measures, including layoffs, to save $8 million annually. The company has also shifted its focus towards its vape hardware business and terminated a $1.4 million joint venture with the Shinnecock Indian Nation. Tilt's subsidiary, Jupiter, will concentrate on vape hardware distribution. The company aims to return to profitability through cost-cutting and operational improvements.

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2023 | 9:14 pm

VSTA

Vasta Platform has announced plans to repurchase $12.5 million of its Class A common shares in the open market.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 9:02 pm

DASH

DoorDash has announced its decision to move from the New York Stock Exchange (NYSE) to Nasdaq. The company is expected to begin trading as a Nasdaq-listed company on September 27, 2023, under the same symbol, 'DASH'.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 9:00 pm

NEARUSD

USDCUSD

Circle, the issuer of USD Coin (USDC), has introduced native stablecoin liquidity access on the NEAR Protocol ecosystem. This follows Coinbase's recent purchase of a stake in Circle to reshape the governance and financial dynamics of USDC. Circle's expansion of partnerships and integrations includes a recent partnership with Mercado Libre to introduce USDC to Mercado Pago, and the launch of a native version of USDC on Coinbase’s Layer 2 Base network.

Portfolio Pulse from Khyathi Dalal

September 14, 2023 | 8:51 pm

PFE

A significant bearish stance has been taken on Pfizer (NYSE:PFE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 47% bullish and 52% bearish. The whales have been targeting a price range from $30.0 to $38.0 for Pfizer over the last 3 months. Pfizer's current price is $34.15, up 0.21%. Several experts have downgraded their action on Pfizer, with price targets ranging from $62 to $75.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:33 pm

AXLA

Axcella has announced a 1-for-25 reverse stock split, which will be effective from September 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:31 pm

CNM

Core & Main has announced a secondary offering of 18 million shares by certain selling stockholders. The company also plans to repurchase 3,125,728 shares of Class A common stock and 1,874,274 partnership interest of the company's subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:26 pm

HIPO

A group of shareholders owning 2.5% of Hippo's stock is urging the board to initiate a strategic review. The group believes that the company's current strategy is not maximizing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:25 pm

KW

Kennedy Wilson (KW) announced the retirement of its President and Board Member, Mary Ricks. Matt Windisch, previously an executive at the company, has been promoted to the President role.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:24 pm

MOTS

Motus GI has amended its royalty agreement, cancelling royalty rights in exchange for 1,455,641 shares of its own stock. This move eliminates approximately $1M in contingent royalty obligations.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:17 pm