Streetbeat News

Equity Actions

STAF

Staffing 360 Solutions has adopted a limited duration stockholder rights plan. The rights will be exercisable only if any entity, person or group acquires 10% (or 20% in the case of certain passive investors) or more of the company's outstanding Voting Stock in a transaction not approved by the Board.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:09 pm

SHY

LCM Capital Management advises investors to buy individual fixed income securities such as municipal bonds, CD’s, Treasuries etc., instead of mutual funds or ETFs. The firm criticizes the fees, lack of maturity, and risks associated with these products. As an example, the firm bought a share of BlackRock’s iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and found that the returns were lower than if they had bought a 1-year Treasury bond.

Portfolio Pulse from John Nowicki

October 02, 2023 | 8:08 pm

SYM

Symbotic has announced that its CFO, Tom Ernst, will retire at the end of the calendar year. Carol Hibbard will succeed Ernst as CFO upon his retirement.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:07 pm

V

Visa has announced the launch of a $100 million initiative called Generative AI Ventures. The initiative aims to invest in startups that are using generative AI technology.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:06 pm

THRD

Third Harmonic Bio Inc has filed for a mixed shelf offering of up to $400 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:05 pm

BF.A

BF.B

The board of Brown-Forman has approved a share repurchase authorization of $400 million. This move is expected to return value to shareholders and potentially boost the company's stock price.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 8:03 pm

VEDU

Visionary Education Technology Holdings Group Inc. (NASDAQ:VEDU), a private education provider based in Canada, has announced that it will be changing its ticker symbol from 'VEDU' to 'GV'. The change will be effective when the market opens on Monday, October 9, 2023. No action is required from the company's shareholders regarding this change.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:01 pm

CZR

MGM

WYNN

The Culinary Union is set to hold negotiating sessions with MGM Resorts, Caesars Entertainment, and Wynn Resort. The outcomes of these negotiations could impact the operations and financial performance of the mentioned companies.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:45 pm

MA

A significant bearish stance has been taken on Mastercard (NYSE:MA) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $280.0 to $430.0 for Mastercard over the last 3 months. Jefferies and Truist Securities have maintained their Buy rating on Mastercard, with a price target of $475.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:30 pm

STHZF

California cannabis company, StateHouse Holdings Inc. (OTCQX:STHZF), has entered into a strategic sales agency agreement with Stinson Brands, Inc. to introduce Stinson Brands' product line to the market through its sales channels. StateHouse will also leverage its partnership with distribution partner Nabis to venture into new product categories. Additionally, StateHouse granted a total of 4,600,000 options for the purchase of common shares and issued 784,000 restricted share units (RSUs). STHZF shares were trading down 59.53% at $0.0225 per share.

Portfolio Pulse from Joana Scopel

October 02, 2023 | 6:54 pm