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Equity Actions

FRPT

Freshpet, Inc. (NASDAQ:FRPT) has entered into a cooperation agreement with JANA Partners, one of its largest shareholders. As part of the agreement, Freshpet has appointed Timothy McLevish, former CFO of Kraft Foods, and Joseph E. Scalzo, former CEO of Simply Good Foods, to its Board of Directors. The new directors bring extensive experience in consumer packaged goods and financial leadership. JANA Partners has agreed to withdraw its director nominations and support the Board's slate of directors at the 2023 Annual Meeting of Shareholders.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:06 pm

CANO

Cano Health, a leading value-based primary care provider, has appointed Mark Kent as its permanent CEO, effective immediately. Kent, who has been serving as interim CEO since June 16, 2023, replaces Dr. Marlow Hernandez who has stepped down. Kent has a strong background in healthcare, having founded three startup healthcare companies and served in senior executive roles, including CEO of Women's Health Care Hospital and CEO & Regional President of all Humana-owned, Florida-based primary care practices.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:05 pm

GS

Goldman Sachs is considering selling a part of its wealth business, according to a Reuters report. The move is part of the bank's strategy to focus more on serving the ultra-rich.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:49 am

FXI

SPY

China's Premier Li Keqiang has announced that China will continue to expand market access and comprehensively optimize its business environment, according to Reuters. This could potentially impact US-listed ETFs such as FXI and SPY.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:43 am

HYZN

Hyzon Motors has announced the appointment of Erik Anderson as the Chairman of its Board of Directors, effective from August 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:06 am

C

DD

GS

PANW

TSLA

ZM

US stocks recorded a weekly loss, with Zoom Video and Palo Alto Networks among stocks to watch. Crypto market saw a slide with Vitalik Buterin sending $1M in Ethereum to Coinbase. Tesla faced a data breach affecting over 75,000 people and Elon Musk revealed challenges in developing Tesla's humanoid bot. Citigroup plans to split its biggest division, while Goldman Sachs faces potential lawsuits over 1MDB settlement. DuPont plans to sell its Delrin Resins business for $1.8B.

Portfolio Pulse from Akanksha Bakshi

August 21, 2023 | 11:06 am

DD

DuPont has announced an agreement to divest 80% of its ownership in the Delrin business to TJC for $1.8 billion.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:02 am

NDSN

NVDA

PANW

QQQ

SPY

TSLA

US stock futures suggest a potential rebound as traders anticipate Nvidia's earnings and the Jackson Hole Symposium. Last week, stocks closed lower due to fears of aggressive interest rate hikes. The S&P 500, Nasdaq Composite, and Dow Industrials all recorded losses. Analyst Quincy Crosby suggests that the market may wait for Jerome Powell's comments at the Jackson Hole conference before reentering. China's financial issues could also trigger a slide in financial markets, leading to increased investment in the US Treasury. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Stocks in focus include Palo Alto Networks, Tesla, Nvidia, and Nordson Corp.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 10:59 am

NKLA

Nikola Corporation has terminated a common stock purchase agreement with Tumim Stone Capital that was dated September 2021. Instead, the company has entered into a securities purchase agreement for the sale of up to $325 million in aggregate principal amount of senior convertible notes.

Portfolio Pulse from Charles Gross

August 21, 2023 | 10:22 am

JNJ

KVUE

Johnson & Johnson has announced that its offer to shareholders to exchange their shares of Johnson & Johnson for shares of Kenvue was oversubscribed. For each share of Johnson & Johnson, 8.0324 shares of Kenvue will be exchanged.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:21 am