Streetbeat News

Equity Actions

CMG

Bill Ackman, the founder of Pershing Square Capital Management, has stated that Chipotle Mexican Grill (CMG) is one of the best investments his firm has made.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:51 pm

EAF

GrafTech's CEO and President, Marcel Kessler, has announced his intention to step down from his roles effective November 15, 2023, due to family reasons. He will resign as an employee of the company effective December 31, 2023, but will continue to serve on the Board. The Board has appointed Timothy K. Flanagan and Catherine Hedoux-Delgado as interim CEO and CFO respectively, effective November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:40 pm

FATH

Fathom Digital Manufacturing Corp. (FATH) has announced that its 1-for-20 reverse stock split has become effective on September 28, 2023. The reverse stock split reduced the number of issued and outstanding shares of the company's Class A common stock from approximately 70.1 million to approximately 3.5 million. The primary goal of the reverse stock split is to increase the per share market price of the company's Class A common stock to meet the minimum $1.00 average closing price requirement for continued listing on the NYSE.

Portfolio Pulse from Happy Mohamed

September 28, 2023 | 8:35 pm

AZEK

AZEK has announced that Peter Clifford will assume a dual role as Chief Operations Officer and CFO, effective from October 1, 2023. Additionally, Randy Herth has been promoted to Vice President, Chief Accounting Officer and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:34 pm

DDOG

A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $80.0 to $150.0 for Datadog over the last 3 months. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:34 pm

NKLA

Nikola Corporation (NKLA) has launched its hydrogen fuel cell electric vehicle at its manufacturing facility in Coolidge, Arizona. The truck features a range of up to 500 miles and an estimated fueling time as low as 20 minutes. Nikola and its dealers have received 223 non-binding orders for its hydrogen fuel cell electric trucks from 23 customers. The company has also been awarded potential grant funds to help facilitate the ongoing development of hydrogen refueling stations.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:31 pm

LAC

Lithium Americas Corp. (NYSE:LAC) has announced the completion of its separation into Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. The separation is expected to be completed on October 3, 2023. Shareholders will receive one share of each new company for every share held in the original company. Trading for the new shares under the ticker symbols 'LAAC WI' and 'LAC WI' will commence on the NYSE on October 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:24 pm

FROG

JFrog has announced the promotion of Ed Grabscheid to the position of CFO, effective from January 1, 2024. The current CFO, Jacob Shulman, will depart at the end of the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:19 pm

MIND

MINDP

MIND Technology, Inc. (NASDAQ:MIND) has announced a 1-for-10 reverse stock split for its common stock, effective October 13, 2023. The move is aimed at regaining compliance with the NASDAQ Stock Markets' minimum bid price requirement. The company's board has also declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock (MINDP) for the third quarter of its fiscal year ending January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:16 pm

INST

Instructure has appointed Peter Walker as its new CFO, effective from November 13. He will be succeeding Dale Bowen.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:08 pm