Streetbeat News

Equity Actions

KKR

TIAIY

KKR & Co. Inc.'s co-founder Henry Kravis is exploring potential business prospects in Italy, which may result in increased investments in the country. He has scheduled meetings with officials from three Italian private companies in the technology, manufacturing, and automation sectors. This comes ahead of KKR's binding offer for Telecom Italia's landline network, which could be worth $24.7 billion. KKR is also scaling up in the Indian market with an investment in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 1:47 pm

CNVS

Cineverse has announced the promotion of Mark Lindsey to the position of CFO, effective from September 14.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:31 pm

MEGL

Magic Empire Global Limited (MEGL) has announced a $2M share repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:15 pm

CMI

Cummins's (NYSE:CMI) short percent of float has fallen 7.25% since its last report, with 1.82 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 2.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.85%.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 1:15 pm

ASTR

Astra Space, Inc. has announced a 1-for-15 reverse stock split. This move is typically used by companies to increase the per-share price of their stock and attract more institutional investors.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 1:09 pm

IMGN

JP Morgan analyst Daniel Wolle has upgraded Immunogen (NASDAQ:IMGN) from Neutral to Overweight and raised the price target from $9 to $22.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:09 pm

PWOD

Penns Woods Bancorp, Inc. has announced an 'At-The-Market' equity offering program of up to $20 million.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:49 pm

OPTT

Ocean Power Technologies (OPT) has responded to a SEC filing made by Paragon Technologies, confirming that Paragon intends to nominate five director candidates to OPT's board.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:38 pm

SQFT

Presidio Property Trust, Inc. has announced the establishment of a special committee of the board to explore strategic alternatives. The move is aimed at enhancing shareholder value.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 12:36 pm

COSM

Cosmos Health has announced the initiation of a stock buyback program. The company has not disclosed the amount of shares it plans to repurchase or the timeline for the buyback.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 12:32 pm