Streetbeat News

Equity Actions

CZOO

Cazoo Group Ltd (NYSE:CZOO) has entered into a transaction support agreement with noteholders and shareholders, representing more than 75% of its $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 and more than 25% of outstanding shares. The transactions will significantly deleverage the company's capital structure and are expected to improve its financial flexibility. The transactions are expected to close in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 10:49 am

BWXT

Global shipping and energy supply chain leader Crowley has partnered with BWX Technologies, Inc. (NYSE:BWXT) to develop a ship concept that could generate alternative, zero-carbon emission energy for defense and disaster needs by including a microreactor on board.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 10:49 am

SPRC

SciSparc has announced a 1-for-26 reverse share split. This action is typically taken by companies to increase the market price of their shares.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 10:30 am

AIU

CART

NKLA

RVNC

SPRY

TM

Several stocks recorded losses in Wednesday's pre-market trading session. ARS Pharmaceuticals shares dipped 46.8% after the FDA requested additional study for its neffy® Epinephrine nasal spray. Revance Therapeutics shares declined 5.8% following the company's plan to exit the OPUL payments business. Instacart shares fell 4.4% despite pricing its IPO at the top end of the expected range. Meta Data Limited, Nikola Corporation, and Toyota Motor Corporation also experienced declines.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 10:23 am

KNW

Know Labs has filed for an offering of 14,814,815 shares of its common stock.

Portfolio Pulse from Charles Gross

September 20, 2023 | 10:08 am

PINS

Pinterest's board has authorized a stock repurchase program of up to $1B of Class A common stock.

Portfolio Pulse from Charles Gross

September 20, 2023 | 10:03 am

HPP

BMO Capital analyst John Kim has upgraded Hudson Pacific Properties (NYSE:HPP) from Market Perform to Outperform and raised the price target from $7 to $10.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:59 am

DIS

FDX

GIS

KBH

The CNN Money Fear and Greed index showed some improvement in overall sentiment among U.S. investors on Tuesday. The Dow Jones closed lower by over 100 points ahead of Federal Reserve interest-rate decision. Housing starts in the U.S. fell 11.3% month-over-month to an annualized rate of 1.283 million in August. The Walt Disney Company (NYSE:DIS) shares fell 3.6% after the company shared plans to double its capital expenditures at its Disney Parks, Experiences and Products segment to $60 billion over the next decade. Investors are awaiting earnings results from FedEx Corporation (NYSE:FDX), General Mills, Inc. (NYSE:GIS) and KB Home (NYSE:KBH).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 7:58 am

ADXN

Addex Therapeutics (NASDAQ:ADXN) has led a consortium that has been awarded a €4 million Eurostars grant to support its mGlu2 receptor negative allosteric modulator (NAM) program for mild neurocognitive disorder. The consortium includes Naason Science, BioAxis Research, Pharmidex Pharmaceutical Services, and Stichting Radboud Universiteit.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:17 am

BA

FXI

Boeing (NYSE:BA) predicts that China will require 8,560 new commercial airplanes by 2042 due to economic growth and increasing demand for domestic air travel. According to Boeing's Commercial Market Outlook, China's commercial airliner fleet will more than double to nearly 9,600 jets over the next 20 years.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:15 am