Streetbeat News

Equity Actions

AGIL

AgileThought has announced that the U.S. Bankruptcy Court has imposed significant restrictions on trading in equity interests in the company and its affiliates.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:30 pm

CXH

MFS Investment Grade Municipal Trust has started a tender offer to purchase up to 10% of the fund's outstanding common shares at a share price equal to 98% of net asset value.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:30 pm

CMU

MFS High Yield Municipal Trust (NYSE:CMU) has commenced a cash tender offer for up to 10% of its outstanding common shares at a price equal to 98% of the fund's net asset value per share. The offer will expire at 5:00 P.M., Eastern Standard Time on November 6, 2023, unless extended. If the number of shares tendered exceeds the maximum amount of the offer, the Fund will purchase shares from tendering shareholders on a pro rata basis.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:21 pm

OLP

One Liberty Properties' board has approved a share repurchase plan authorizing the company to repurchase up to $10M of shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:19 pm

SVVC

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) has announced its decision to voluntarily delist its common stock from the Nasdaq Global Market, with the delisting expected to become effective on or about October 26, 2023. The decision comes after the Fund received notices from Nasdaq for non-compliance with minimum bid price and market value requirements. The Fund's board believes delisting will lower operating costs and management time commitment for compliance activities. The Fund plans to have its common stock quoted on the OTCQB or another OTC market.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:17 pm

NSTS

NSTS Bancorp has announced an extension of its stock repurchase program from September 29, 2023, to September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:17 pm

HOOD

TSLA

Venture capitalist Tim Draper, known for his early investments in tech companies, expressed regret for selling his stake in Tesla Inc (NASDAQ:TSLA) too early. Draper invested in Tesla's Series C funding round in 2006, four months before the company went public. He sold his stake under pressure from his investors to take profits. Had he held on to his Tesla investment, the return would have been 4000X. Draper's biggest win so far has been Robinhood Markets (NASDAQ:HOOD) with a 1000x return.

Portfolio Pulse from Chris Katje

October 06, 2023 | 8:16 pm

GOOG

GOOGL

LLY

META

NEE

NVDA

NVO

PEP

PXD

QQQ

SPY

TLT

XLC

XLK

XLV

XOM

ZROZ

The US Congress averted a government shutdown by passing a stopgap funding bill. Treasury yields surged, with the 10-year yield reaching its highest level in 16 years. This has led to a significant loss in value for funds and ETFs investing in long-dated Treasury bonds. The September jobs report exceeded expectations, indicating a strong labor market and increasing the risk of further Federal Reserve tightening. Walmart reported a decrease in food demand due to the use of weight-loss drugs. Exxon Mobil is considering acquiring Pioneer Natural Resources. The S&P 500 and Nasdaq 100 rebounded from weeks of declines. Several sectors and mega-cap stocks displayed strength this week.

Portfolio Pulse from Piero Cingari

October 06, 2023 | 8:14 pm

BHAT

Blue Hat Interactive Entertainment Technology has filed for a mixed shelf of up to $150 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:14 pm

KBNT

Kubient Inc has implemented a 36% reduction in its workforce, equating to 4 people, in an effort to reduce the company's operating costs, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:13 pm