Streetbeat News

Equity Actions

CHN

The China Fund, Inc. (NYSE:CHN) has announced changes to its Discount Management Program, which allows the fund to repurchase up to 10% of its common shares annually. The repurchases are made when shares are trading above a specified discount threshold. The program aims to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (NAV) per share. However, there is no guarantee that the program will be effective at reducing any discount in the open market price of Fund shares.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:41 pm

GNSS

Genasys Inc. has announced a proposed public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:32 pm

MSOS

During the Benzinga Cannabis Capital Conference, the topic of operating in today's world was highlighted as a key factor for investors. The ETF MSOS was mentioned in the context of the conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:32 pm

GRWG

MSOS

Lampert spoke at the Benzinga Cannabis Capital Conference, emphasizing that investors are keen to see projections in the current market. The article may mention GrowGeneration Corp (GRWG) and AdvisorShares Pure US Cannabis ETF (MSOS).

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:30 pm

OSPN

OneSpan (OSPN) has made organizational changes to support a revised operating model and completed a significant number of actions. The company expects to incur restructuring charges of approximately $11M-$12M in employee transition and severance payments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:29 pm

MSOS

The Benzinga Cannabis Capital Conference discussed the maturing cannabis market. The AdvisorShares Pure US Cannabis ETF (MSOS) was mentioned during the conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:29 pm

GRWG

MSOS

Lampert, speaking at the Benzinga Cannabis Capital Conference, mentioned that at GrowGen, they had four investors from the industry. He also noted that wealthy individuals often don't understand the industry.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:26 pm

LBBB

Nature's Miracle Holdings Inc. has appointed Vien Le as its CFO and Darin Carpenter as its COO. Le, a seasoned finance executive, assumed his duties in August 2023. Carpenter, an experienced senior executive, will assume his role on October 1, 2023. Nature's Miracle and Lakeshore Acquisition II Corp. (NASDAQ:LBBB) previously announced a definitive business combination agreement. Upon closing, the combined company is expected to change its name to Nature's Miracle Holding Inc. and its common stock is expected to be traded on the Nasdaq Global Market.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:25 pm

CNXC

Concentrix has increased its quarterly dividend from $0.2750 to $0.3025 per share, payable on November 7, 2023. The company also repurchased 0.3 million shares in Q3 at a cost of $27.0 million, with a remaining share repurchase authorization of $312.1 million.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:19 pm

F

A significant bullish stance has been taken on Ford Motor (NYSE:F) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is 80% bullish and 20% bearish. Whales have been targeting a price range from $10.0 to $15.0 for Ford Motor over the last 3 months. UBS and RBC Capital have downgraded their actions on Ford with price targets of $15 and $12 respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 8:16 pm