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Equity Actions

SBLK

Star Bulk Carriers has announced the repurchase of 10 million of its common shares at a price per common share of $18.50. This move indicates the company's confidence in its own stock.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:47 am

WFC

Wells Fargo has announced that Thomas R. Nides will join the company in October as Vice Chairman. This could potentially bring new strategic directions to the company.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:31 am

BABA

JD

Chinese e-commerce sellers are using AI to generate 24/7 livestream commercials with deepfakes of influencers. Alibaba Group-owned Taobao and JD.com's JD Live have their own live-streaming platforms. Livestream shopping is expected to reach $720 billion by the end of 2023 in China. Silicon Intelligence, a company specializing in text-to-speech technology, is behind the livestream shopping boom. However, the use of AI clones is causing a decrease in the average salary of livestream hosts in China.

Portfolio Pulse from Rounak Jain

September 22, 2023 | 11:12 am

PEB

Pebblebrook Hotel Trust reported a reduction in hotel revenues by $3.5M and a $2.5M impact on Hotel EBITDA due to weather-related cancellations from Tropical Storm Hilary and Hurricane Idalia from late August through early September.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:12 am

ARVL

Arrival (NASDAQ:ARVL) has agreed to pay its lender an aggregate amount of $7.4 million as part of a mutual release of all claims. This payment is related to the acceleration and termination of a term loan facility disclosed in August and September 2023.

Portfolio Pulse from Charles Gross

September 22, 2023 | 11:08 am

ATEX

Anterix has announced the authorization of a new $250 million share repurchase program over a three-year period.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:06 am

BNPQY

C

COTY

Coty Inc is reportedly planning a Paris listing in the coming weeks, with assistance from BNP Paribas SA and Citigroup Inc. The company is considering raising new capital through this listing. The decision aligns with Coty's intention to tap into a new investor base and reinforce its standing in Europe. Coty's share price increased by 2.4% to $12.27, raising its market valuation to roughly $10.5 billion.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 10:49 am

YQ

17 Education & Technology Group's board has approved a share repurchase program, allowing the company to repurchase up to $10 million of its ordinary shares.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:42 am

FXI

SPY

VGK

China is considering easing foreign stake limits to attract global funds, as reported by Bloomberg. This move could potentially increase foreign investment in the country.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:38 am

AWK

American Water Works Company Inc's subsidiary, Pennsylvania American Water, has agreed to acquire Audubon Water Company for approximately $8 million. The deal will see an affiliate of Pennsylvania American Water merge with Audubon, and Audubon shareholders will receive AWK shares in exchange for their Audubon shares. Pennsylvania American Water plans to invest over $20 million into the system to upgrade aging water infrastructure within the first five years of ownership.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 10:30 am