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Equity Actions

DV

DoubleVerify (DV) has announced the launch of a 12.5 million share secondary offering by its selling stockholders. The company itself will not receive any proceeds from the sale of these shares.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:31 pm

CTRA

Coterra Energy has reiterated its commitment to return over 50% of its free cash flow to shareholders through its annual dividend of $0.80 per share and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:27 pm

HPE

Hewlett Packard Enterprise (HPE) has appointed Jeremy Cox as its interim CFO, effective August 25. He will be succeeding Tarek Robbiati.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:23 pm

MTW

The Manitowoc Company has updated its full-year 2023 guidance. It expects net sales to be between $2.1 billion and $2.2 billion, adjusted EBITDA between $150 million and $180 million, and adjusted diluted earnings per share between $1.10 and $1.70. The company's EPS and revenue estimates are in line with market expectations.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:16 pm

C

A significant amount of unusual options activity has been observed for Citigroup (NYSE:C), with 62% of investors opening trades with bullish expectations and 37% with bearish. The trades include 13 puts and 14 calls, with whales targeting a price range from $30.0 to $75.0 for Citigroup over the last 3 months. Analysts have mixed views on Citigroup, with ratings ranging from Outperform to Underweight and price targets from $45 to $88.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:15 pm

VRT

Vertiv has announced the pricing of a secondary offering of 20 million shares of Class A common stock by VPE Holdings. The company's stock symbol is VRT.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:12 pm

KMPR

Kemper Corporation (NYSE:KMPR) is exiting the preferred home and auto insurance market, which is sold through its Kemper Personal Insurance brand. The decision was made after a strategic review and will allow the company to release capital and increase resources for its core specialty auto and life businesses. This move does not impact Kemper's specialty auto business, Kemper Auto, and its life business, Kemper Life.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:09 pm

PLTR

Palantir has authorized a $1 billion buyback of its shares.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:08 pm

RNG

RingCentral, Inc. (RNG) has announced that Tarek Robbiati will assume the role of CEO. The company has not provided further details about the transition.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:05 pm

NEE

NUE

Nucor Corporation (NYSE:NUE) has signed a Power Purchase Agreement (PPA) for 250 megawatts of renewable energy from Sebree Solar, a subsidiary of NextEra Energy Resources (NYSE:NEE). The project, located in Kentucky, will have a capacity of up to 400 megawatts and is set to begin construction in Fall 2023. The steel for the project will be sourced from Nucor Steel Gallatin. The agreement advances Nucor's sustainability strategy and complements a wind-powered PPA that Nucor entered into in 2021.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 7:52 pm