Streetbeat News

Equity Actions

XRX

Carl Icahn is selling his remaining stake in Xerox Holdings Corp. (NYSE:XRX) for $542 million, marking the end of a tumultuous investment journey. Xerox will repurchase all shares held by Icahn at $15.84 per share, financed by a new debt facility. Two board members affiliated with Icahn and Xerox Chairman James Nelson will step down, with Scott Letier taking over as chairman. Xerox's shares are up 1.33% at $16.05.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 5:19 pm

PANW

Palo Alto Networks Inc.'s (NASDAQ:PANW) share price increased by 1.66% in the current market session, reaching $235.76. Despite a decrease of 3.10% over the past month, the stock has spiked by 43.94% in the past year. The company's P/E ratio of 181.17 is significantly higher than the Software industry's aggregate P/E ratio of 54.5, suggesting that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 5:15 pm

CURLF

Curaleaf Holdings Inc has announced the pricing of its marketed offering of subordinate voting shares at CA$6 per security, with Canaccord Genuity acting as the sole underwriter and bookrunner. The total gross proceeds from the sale of 2.7 million securities will be CA$16.2 million. The offering is part of the company's plan to list its subordinate voting shares on the Toronto Stock Exchange and will also fund the working capital requirements of its international business and other corporate purposes.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 5:12 pm

ACB

Aurora Cannabis has entered into an agreement with Canaccord Genuity, where Canaccord will purchase 46,250,000 common shares of Aurora at C$0.73 per share. This has led to a decrease in Aurora's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 5:04 pm

AMD

Shares of Advanced Micro Devices (AMD) are trading higher, in line with the broader tech and semiconductor sectors. This comes after CEO Lisa Su's recent appearance at the Code Conference 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:54 pm

NVDA

TSLA

The popularity of AI stocks, particularly Nvidia Corp. (NASDAQ:NVDA), has surged, while interest in electric vehicle stocks like Tesla Inc. (NASDAQ:TSLA) has waned. Over the past year, Nvidia's price has increased by 233.6%, while Tesla's has fallen by 16.5%. Both companies do not pay dividends. Nvidia's PEG ratio suggests it is undervalued, while Tesla's indicates expected significant growth. Analyst consensus suggests a 39.5% upside for Nvidia and a 5.32% downside for Tesla.

Portfolio Pulse from Neer Varshney

September 28, 2023 | 4:40 pm

OP

OceanPal shares are trading higher after Sphinx Investment Corp. increased its stake in the company to 9.1% according to a 13G Filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:36 pm

META

Steve Weiss, a frequent guest on CNBC, announced that he has trimmed his holdings in Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:23 pm

SLNO

Soleno Therapeutics has announced the pricing of a $60 million underwritten public offering of 3 million shares at $20 per share. Additionally, the company has a $60 million securities purchase agreement.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:21 pm

MSOS

The Benzinga Cannabis Capital Conference is discussing the potential for the Northeast to become a major hub for cannabis. The ETF MSOS is mentioned in the context of the conference.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:16 pm