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Equity Actions

F

GM

TSLA

Despite a 30% YoY decrease in the resale value of used Tesla vehicles, CEO Elon Musk remains unconcerned. Analysts suggest this trend could drive buyers towards competitors like Ford and GM. Tesla continues to lead the market, breaking quarterly production and delivery records while reducing prices. However, industry experts believe Tesla's challenges could intensify over time, potentially driving buyers towards competitors.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 3:41 am

ACCD

ARKF

ARKG

SOFI

SURF

Ark Invest, led by Cathie Wood, purchased 133,191 shares of SoFi Technologies Inc (NASDAQ:SOFI) worth $1.2 million, despite Morgan Stanley's recent downgrade of the company. The purchase was made through Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest's ARK Genomic Revolution ETF (BATS:ARKG) also bought 25,078 shares of Accolade Inc (NASDAQ:ACCD) and sold 916 shares of Surface Oncology Inc (NASDAQ:SURF).

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 1:43 am

WM

Waste Management, Inc. (NYSE:WM) has priced a public offering of $2 billion aggregate principal amount of senior notes. The notes, guaranteed by Waste Management Holdings, Inc., have been assigned ratings of A- by Standard & Poor's, BBB+ by Fitch and Baa1 by Moody's. The offering is expected to close on August 3, 2023. The proceeds will be used to repay borrowings and for general corporate purposes.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 10:37 pm

AJRD

MSGS

Madison Square Garden Sports (MSGS) is set to replace Aerojet Rocketdyne (AJRD) in the S&P SmallCap 600, effective prior to the opening of trading on Tuesday, August 1.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:05 pm

FIXX

Homology Medicines is planning to evaluate strategic options and has reduced its workforce by 87%. The company's drastic downsizing could be a sign of financial distress.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:33 pm

SIGA

SIGA Technologies Inc. has secured a $138 million contract from the US government for oral and IV TPOXX treatment. This news has led to an increase in the company's share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 9:25 pm

NAVB

Navidea Biopharmaceuticals has appointed Craig A. Dais as its new Chief Financial Officer. Dais will report directly to the company's Chief Medical Officer. This move aligns with Navidea's 'Fix, Fund, Propel' strategy to advance innovative technology to market.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:23 pm

NUS

Nu Skin Enterprises has officially appointed James D. Thomas as CFO. Thomas has been serving as interim CFO for the past four months and has been the company's chief accounting officer for the past four years.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:20 pm

VNO

Vornado Realty Trust (NYSE:VNO) has announced plans to sell four Manhattan retail properties and The Armory Show for a combined sales price of $124.4 million. The sale is expected to close in the third quarter and will result in an approximately $20 million gain.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:19 pm

ACN

Accenture (NYSE:ACN) has announced a series of leadership changes effective from September 1, 2023. Manish Sharma, currently the COO, will become CEO - North America, succeeding Jimmy Etheredge who is retiring. John Walsh will become the COO, Steve Ferneyhough will become Chief Strategic Accounts & Global Sales Officer, Paul Daugherty will become Chief Technology & Innovation Officer, and Karthik Narain will become Group Chief Executive – Technology. These changes are expected to drive the company's growth strategy and digital transformation.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:16 pm