Streetbeat News

Equity Actions

EXPR

Express, Inc. has appointed Stewart Glendinning as its new Chief Executive Officer. The company expects that Glendinning's extensive experience will help drive its strategic growth.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:23 pm

ETRN

Equitrans Midstream Corporation (ETRN) has announced that CEO Thomas F. Karam will step down from his role to become Executive Chairman. Diana M. Charletta has been appointed as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:21 pm

KRNL

Kernel Group Holdings, Inc. has confirmed that it has secured funding to extend the period to consummate its initial business combination.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:20 pm

DOCU

DocuSign Inc reported Q2 earnings with revenue of $687.7 million, beating the consensus estimate of $677.56 million. The company's earnings per share were 72 cents, surpassing analyst estimates of 66 cents. The company expects Q3 revenue to be between $687 million and $691 million, and full-year revenue from $2.725 billion to $2.737 billion. DocuSign also authorized a $300 million share repurchase program.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 8:17 pm

AVA

Avista Corporation has announced that Heather Rosentrater, currently Senior Vice President and COO, will assume the roles of President and COO effective from Oct. 1, 2023. Dennis Vermillion will continue as CEO. This marks the first time a woman has held the position of President in the company's 134-year history.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:14 pm

BKTI

BK Technologies Corporation (NYSE:BKTI) announced that its Board of Directors will be compensated entirely in BK Technologies common stock for their services in fiscal year 2023. The CEO has elected to receive 50% of his base salary in Restricted Share Units (RSUs) and the CFO elected to receive 10% of his base salary in RSUs. The company believes this move reflects their confidence in the company's future success and aligns them with their shareholders.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:14 pm

DOCU

DocuSign has authorized an increase of $300 million to its repurchase program.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:06 pm

ASPS

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has announced the commencement of an underwritten public offering of its common stock. The size and terms of the offering are yet to be determined. The company also plans to grant underwriters a 30-day option to purchase up to an additional 15% of shares. B. Riley Securities is the sole book-running manager for the offering. Altisource intends to use the proceeds for general corporate purposes, including debt repayment.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:05 pm

ISRG

A significant investor has taken a bearish stance on Intuitive Surgical (NASDAQ:ISRG), with 60% of recent trades being bearish. The total amount for puts was $183,032 and for calls was $304,329. Whales have been targeting a price range from $250.0 to $350.0 for Intuitive Surgical over the last 3 months. The price of ISRG is currently down -2.83% at $299.12. RBC Capital downgraded its action to Outperform with a price target of $360.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 7:19 pm

AAPL

AMZN

GOOG

MSFT

Needham & Company has warned that tech giants like Apple Inc could be overshadowed by the rise of Generative AI, as new entrants use large language models (LLMs) to redefine industries. The analyst reiterated a Buy rating on Apple with a $195 price target. The analyst also noted that Amazon.com, Alphabet Inc, and Microsoft Corp are the clear standouts so far in the AI field. However, the cost of procuring data for the LLMs is increasing, which could lead to future LLMs having higher price tags.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 7:16 pm