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Equity Actions

IEO

RIG

Investors on CNBC's 'Fast Money Halftime Report' have expressed bullish sentiments on Transocean Ltd (NYSE:RIG), a deepwater drilling company. They believe that the energy sector is set to outperform tech, and that Transocean, with few competitors left in the space, is well-positioned to benefit from rising day rates. The company's shares, which have been in a long-term downtrend, are expected to start producing upside surprises. The iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO), representative of the broader oil and gas exploration space, has also been performing well.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 8:55 pm

MINM

Minim Inc. has announced the resignation of its CFO, Dustin Tacker, who is leaving to pursue new career opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:49 pm

VSTO

Vista Outdoor Inc. (NYSE:VSTO) is rebranding its Outdoor Products business as The Kinetic Group, with the new NYSE ticker 'HUNT', following the planned spinoff of the business. The new name for the Outdoor Products company will be announced in the coming weeks. The rebranding is part of Vista Outdoor's plan to separate its Sporting Products and Outdoor Products segments into two independent, publicly traded companies. The separation is expected to be completed in 2023.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:43 pm

MELI

MercadoLibre, Inc. (NASDAQ:MELI) has announced the appointment of Martín de los Santos as its new CFO, replacing Pedro Arnt who is leaving the company. De los Santos was previously the Senior Vice President of the Credits division at MercadoLibre. Andrés Anavi, Senior Vice President at Mercado Pago, will succeed de los Santos as SVP of Mercado Crédito.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:40 pm

ATGE

Adtalem Global Education has provided its fiscal year 2024 outlook, reaffirming revenue in the range of $1.46 billion to $1.52 billion and raising the lower end of its adjusted earnings per share by 5 cents to be in the range of $4.20 to $4.40. The company has not provided a reconciliation of non-GAAP guidance measures to corresponding GAAP measures due to uncertainty of future special items.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:17 pm

GME

WE

The r/WallStreetBets community, known as the 'apes', are rallying behind WeWork Inc (NYSE:WE), pushing its shares up over 130% at one point on Thursday. This follows a similar pattern to the GameStop Corp (NYSE:GME) short squeeze in early 2021. Despite WeWork's financial distress and a smaller short interest of 2.57%, the Reddit community remains bullish on the stock.

Portfolio Pulse from AJ Fabino

August 10, 2023 | 8:11 pm

VLD

Velo3D has announced an offering of $70 million of senior secured convertible notes. The company is listed on the NYSE under the ticker symbol VLD.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:09 pm

SRT

Startek has authorized a $2M share buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:05 pm

YUM

Yum Brands's (NYSE:YUM) short percent of float has fallen 15.5% since its last report, with 4.73 million shares sold short, which is 1.69% of all regular shares available for trading. It would take traders 3.44 days to cover their short positions on average. Compared to its peers, Yum Brands has less short interest as a percentage of float, with an average of 8.33%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 8:00 pm

CMCSA

A significant number of investors have taken a bearish stance on Comcast (NASDAQ:CMCSA), with 64% of the spotted trades being bearish. The whales have been targeting a price range from $35.0 to $55.0 for Comcast over the last 3 months. The current price of CMCSA is up 1.7% at $46.05. Analysts from Morgan Stanley, Rosenblatt, Argus Research, Barclays, and Macquarie have maintained their ratings on Comcast, with price targets ranging from $43 to $50.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:16 pm