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Equity Actions

WIRE

Encore Wire's board has increased its repurchase authorization back up to a full 2 million shares of common stock through March 31, 2024. The decision was made in June 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:11 pm

VATE

INNOVATE has appointed Paul K. Voigt as its interim CEO, effective immediately. Suzi Herbst, who had been serving as interim CEO following the passing of Wayne Barr, will continue in her role as the company's Chief Operating Officer.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:06 pm

SOUN

SoundHound AI, Inc. (NASDAQ:SOUN) shares traded lower after the company filed for a mixed shelf offering of up to $400 million. The filing will allow the company to access capital efficiently if needed over the next few years. SoundHound also announced its Q2 2023 financial results will be reported on Aug. 8. Shares of SOUN closed Tuesday down 20.2% at $2.33.

Portfolio Pulse from Ryan Gustafson

July 25, 2023 | 8:58 pm

WFC

Wells Fargo has announced a raise in its quarterly dividend and a $30 billion stock repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:55 pm

WFC

Wells Fargo & Company (NYSE:WFC) has announced an increase in its quarterly common stock dividend from $0.30 to $0.35 per share, payable on Sept. 1, 2023. The company's board of directors has also authorized a new common stock repurchase program of up to $30 billion.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:47 pm

BA

A significant amount of unusual options activity has been detected for Boeing (NYSE:BA), with a bearish stance being taken by a majority of investors. Of the 45 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $427,047 and for calls was $1,697,989. Whales have been targeting a price range from $150.0 to $300.0 for Boeing over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $220.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:46 pm

EGP

EastGroup Properties has updated its FY23 FFO guidance to $7.58-$768, an increase from the previous range of $7.49-$7.61.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:46 pm

TMO

A significant bearish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. Whales have been targeting a price range from $530.0 to $640.0 for TMO over the last 3 months. Credit Suisse has upgraded TMO to Outperform with a price target of $620.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:31 pm

DHR

A significant bearish stance has been taken on Danaher (NYSE:DHR) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $195.0 to $300.0 for Danaher over the last 3 months. Raymond James has downgraded its action to Outperform with a price target of $270.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:31 pm

VIEW

Shareholders of View Inc. have approved a reverse stock split. The specific details of the split, such as the ratio, have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:26 pm