Streetbeat News

Equity Actions

CACC

The board of Credit Acceptance has authorized the repurchase of up to 2 million shares of the company's common stock. This is in addition to the board's prior authorizations.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:51 pm

MYO

Myomo Inc and Keystone have mutually agreed to terminate their common stock purchase agreement dated August 2. Myomo did not incur any early termination penalties.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:50 pm

BHRB

SMMF

Summit Financial Group (SMMF) shareholders will receive 0.5043 shares of Burke & Herbert Bank (BHRB) common stock as part of a merger. The merged entity will operate under the name 'Burke & Herbert Financial Services Corp.' and will trade under the BHRB ticker symbol on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:48 pm

EL

Leonard A. Lauder will remain as Chairman Emeritus of Estée Lauder Companies. The board has nominated Gary M. Lauder, Leonard's son, to serve on the board. Leonard Lauder has the right to designate two directors of the company.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:34 pm

KNTK

Kinetik has announced the appointment of Trevor Howard as its Senior Vice President and CFO, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:18 pm

MYO

Myomo plans to offer shares of its common stock in a 'reasonable best efforts' public offering. The company intends to use the net proceeds for general corporate purposes, including working capital, capital expenditures, research and development expenses, and sales and marketing activities.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:17 pm

PHUN

Phunware has announced a purchase agreement with Lincoln Park Capital Fund for up to $30M over a 24-month period. Phunware will control the timing and amount of any sales with no upper limits to the price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:15 pm

CYBN

Psychedelics biotech Cybin Inc. (NYSE:CYBN) has renewed its at-the-market (ATM) equity program, allowing the company to issue and sell up to $35 million in common shares to the public. The program will be effective until all allowed shares are issued and sold or until Sept. 17, 2025. Cybin intends to use the net proceeds from these sales for growth opportunities and working capital.

Portfolio Pulse from Lara Goldstein

August 24, 2023 | 7:49 pm

EWG

EWU

IYH

LQD

RSP

SMH

SPY

TLT

XLI

The article discusses the current financial conditions, focusing on the rise in 10-year Treasuries and real 10s. It also highlights the impact of the yuan and yen exchange rate weakness on the continuation of the real rate bear yield curve steepening. The article further discusses the potential risks and opportunities in the banking and energy sectors, and the impact of deglobalization on productivity. It concludes with a tactical asset allocation recommendation.

Portfolio Pulse from Barry Knapp

August 24, 2023 | 7:28 pm

ISRG

A significant investor has taken a bullish stance on Intuitive Surgical (NASDAQ:ISRG), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $255.0 to $430.0 for Intuitive Surgical over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $360. The price of ISRG is down -1.32% at $286.55.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:19 pm