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Equity Actions

OII

Oceaneering International Inc. (OII) has announced a private offering of $200 million of senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:41 pm

OII

Oceaneering International, Inc. (OII) has announced a private offering of $200 million of senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:41 pm

PINS

DA Davidson analyst Tom Forte has upgraded Pinterest (NYSE:PINS) from Neutral to Buy and raised the price target from $25 to $35.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:36 pm

NEP

Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on NextEra Energy Partners (NEP) but lowered the price target from $81 to $65.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:33 pm

PINS

Pinterest has announced a stock repurchase program of up to $1 billion Class A common stock. Citigroup has upgraded the stock from Neutral to Buy and raised its price target from $31 to $36.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:32 pm

ORCL

Oracle has announced significant enhancements to MySQL HeatWave, including support for vector store, generative AI, new in-database machine learning features, MySQL Autopilot enhancements, new HeatWave Lakehouse capabilities, support for JavaScript, acceleration of JSON queries, and support for new analytic operators. The vector store will enable customers to leverage the power of large language models with their proprietary data. The enhancements aim to address pressing customer data, analytics, and AI issues.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:10 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has announced a registered direct offering of 25,000 Series A convertible preference shares at $1,000 per share, resulting in gross proceeds of approximately $25 million. The shares are convertible into ordinary shares at a conversion price of $1.25 per share. The company also agreed to issue Series A warrants to purchase up to 20,000,000 ordinary shares at an exercise price of $1.50. The offering is expected to close on September 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:06 pm

HESM

Hess Midstream LP has announced the signing of a $100 million sponsor unit repurchase. This move is expected to be accretive to the company's earnings.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:04 pm

SKIN

BeautyHealth has announced plans to initiate a stock repurchase program, following a recent authorization to repurchase $100M worth of shares.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:01 pm

NIO

Nio, Inc. (NYSE:NIO) shares were advancing in premarket trading on Wednesday, following a 17.07% plunge in the previous session. The company announced plans to offer $1 billion in convertible senior notes in two parts, with the proceeds to be used for repurchasing existing debt securities and strengthening its balance sheet. Despite the capital raise not involving the sale of additional shares, the stock was hammered on Tuesday. European registration data showed Nio sold 46 European cars in September.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 11:51 am