Streetbeat News

Equity Actions

BDN

Brandywine Realty Trust (BDN) has announced several capital transactions totaling $103.3M and signed its first commercial lease at 3025 JFK Blvd in Schuylkill Yards. The transactions include the sale of an office building in Austin, Texas for $53.3M and a $50M construction loan for a development project in Pennsylvania. The company has also signed a 12.5-year lease with global law firm Goodwin for a commercial space in Philadelphia.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:47 pm

OPGN

OpGen has announced a 40% reduction in the cash portion of its non-employee director compensation plan. This move is likely aimed at conserving cash and improving the company's financial position.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:37 pm

DOCU

DocuSign reported a Q2 earnings beat and issued strong guidance, leading to a rise in its share price. The company's board also authorized a $300 million increase to its repurchase program.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:36 pm

PRU

Prudential Financial and Warburg Pincus, along with a group of investors, have announced the launch of Prismic Life Re, a licensed Class E Bermuda-based life and annuity reinsurance company. Both parties have agreed to make equity investments in Prismic and will oversee its long-term strategy through participation on its board of directors.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:34 pm

CVS

CVS Health Corporation has announced new responsibilities for several members of its executive leadership team. Shawn Guertin will continue as CFO and is now President of Health Services. Prem Shah will continue as Chief Pharmacy Officer and is now the sole President of Pharmacy and Consumer Wellness. Michelle Peluso, as Chief Customer and Experience Officer, will expand her focus to improve patient experience across all care delivery and customer service channels. Brian Kane joins CVS Health as President of Aetna.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:32 pm

KRT

Karat Packaging Inc. has announced a proposed secondary offering of common stock by its selling stockholders. The company itself will not receive any proceeds from this offering.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:31 pm

PNC

A whale investor has taken a bullish stance on PNC Financial Services Group (NYSE:PNC), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whale has been targeting a price range from $105.0 to $135.0 for PNC over the last 3 months. However, HSBC has downgraded its action to Reduce with a price target of $110. The price of PNC is currently down -2.19% at $115.77.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 8:31 pm

GS

Solomon, presumably from Goldman Sachs (GS), has expressed optimism about the current state of the capital markets and the IPO market in particular.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:29 pm

TPST

Tempest Therapeutics announced that Tom Dubensky has resigned as President and Board Member, effective from September 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:24 pm

TREX

Trex Company has announced its 5-year net sales, EBITDA, and EBITDA margin targets. The company expects FY28 net sales to be between $1.8B-$1.9B, with EBITDA doubling to over $600 million and EBITDA margin improving by 500 bps to approximately 34%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:24 pm