Streetbeat News

Equity Actions

BX

Blackstone Group Inc. (BX) shares are trading higher following the announcement that the company will be included in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:17 pm

ABNB

Airbnb's shares are trading higher following the announcement that the company will be joining the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 12:17 pm

BWAQ

Blue World Acquisition Corporation (BWAQ) has extended the deadline for its initial business combination from September 2, 2023 to October 2, 2023. The company has deposited $60,000 into its trust account as an extension fee, which was paid by Blue World Holdings Limited, the sponsor of the company.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:10 pm

KLAC

KLA Corp has announced a dividend increase and a new share repurchase plan. The quarterly dividend per share has been raised to $1.45 from $1.30, marking the 14th consecutive annual dividend increase. The company has also declared a new share repurchase authorization of $2 billion, in addition to the remaining $1.6 billion under the original share repurchase authorization. This brings the total share repurchase authorization to around $3.6 billion as of August 31, 2023.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 12:10 pm

MCD

MRNA

SNAP

X

Insiders at Snap Inc. (SNAP), Moderna Inc. (MRNA), McDonald's Corporation (MCD), and United States Steel Corporation (X) have recently sold shares. Snap announced a significant leadership change in its India operations. Moderna entered a cancer collaboration with CARsgen. McDonald's Japan introduced a new theme to their Happy Set. United States Steel engaged in confidentiality agreements with several interested parties and began sharing due diligence information.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 11:57 am

BABA

FXI

KWEB

Alibaba's stock is trading lower, in line with the broader indexes iShares China Large-Cap ETF and KraneShares Trust KraneShares CSI China Internet ETF, amid reports of China's services activity growing at the slowest pace in eight months. Alibaba's cloud division is exploring private fundraising from Chinese state-owned enterprises before its public listing in Hong Kong. The company is also working on a potential Cloud Intelligence Unit fundraising worth $1.4 billion - $2.8 billion. Alibaba plans to spin off the unit by distributing a stock dividend to shareholders within 12 months.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 11:53 am

ELS

WFC

Wells Fargo analyst James Feldman has downgraded Equity Lifestyle Props (NYSE:ELS) from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:40 am

CTLT

Argus Research analyst David Toung has upgraded Catalent (NYSE:CTLT) from Hold to Buy and set a price target of $62.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:38 am

OLMA

Olema Pharmaceuticals has announced a private placement of approximately $130M, issuing 13.2M shares at $9.84/share. The company also secured a new senior-secured credit facility of up to $50M.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:35 am

CFVI

Rumble CEO Chris Pavlovski has announced that he will not sell his shares when the lock-up agreements as part of the business combination with CF Acquisition Corp expire on September 16.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:33 am