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Equity Actions

TRNS

Transcat Inc has filed a prospectus relating to the offer and resale by selling shareholders of up to 271,820 shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:31 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 29% bullish and 70% bearish. The whales have been targeting a price range from $140.0 to $300.0 for Salesforce over the last 3 months. Morgan Stanley has downgraded Salesforce to Equal-Weight with a price target of $278, while Mizuho maintains a Buy rating with a price target of $250-$260.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 8:30 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $1.16. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.75 billion. The company expects Q3 earnings per share to be between $1.16 and $1.21. The company repurchased 2.2 million shares of common stock for $230 million and plans to buy back $950 million of common stock this year.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 8:24 pm

EXPR

Express, Inc. has announced a 1-for-20 reverse stock split of its common stock, authorized by the Board of Directors. The split is expected to be effected after market close on August 30, 2023, with shares trading on a split-adjusted basis from August 31, 2023. The move aims to regain compliance with the NYSE's minimum price criteria for continued listing.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:20 pm

EXPR

Express, Inc. (EXPR) has provided preliminary Q2 2023 results, expecting net sales to be in the range of $400M-$450M and diluted loss per share to be between $0.50-$0.60. The company has also announced strategic actions to deliver $200M in annualized savings by 2025, including a 1-for-20 reverse stock split. The company has already identified and implemented $80M for 2023 and $120M for 2024. The cost reductions for 2024 include a workforce reduction expected to generate savings of approximately $30M.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:19 pm

MDU

MDU Resources' President and CEO, Goodin, is set to retire. Nicole A. Kivisto, currently president and CEO of MDU Resources' electric and natural gas utility companies, has been unanimously selected by the board of directors to succeed Goodin, effective from Jan. 6. Kivisto will also join the board of directors.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:18 pm

ARE

Dean Shigenaga, the President and CFO of Alexandria Real Estate Equities, has resigned from all his positions within the company and its units. The board has elected Marc E. Binda as the new CFO and Treasurer, effective from September 15, 2023, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:16 pm

DENN

John W. Dillon, President of Denny's Corp, has stepped down from his position as an executive officer of the company effective August 15. Kelli Valade, the current CEO, has assumed the role of President.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:15 pm

MLNK

MeridianLink has appointed Edward McDermott as the Chair of its Board of Directors, succeeding Paul Zuber.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:11 pm

HUBC

Hub Cyber Security has appointed Lior Davidson as interim CFO, succeeding Hugo Goldman who has stepped down from the role effective immediately. The company is in the process of finding a permanent replacement.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:08 pm