Streetbeat News

Equity Actions

NVDA

NVIDIA's Board of Directors has approved an additional $50 billion in share repurchase authorization, with no expiration date. This move follows $15.4 billion returned to shareholders in the first half of fiscal 2025 through share repurchases and dividends.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:22 pm

HPQ

HP's board has increased its share repurchase authorization to a total of $10 billion, indicating a strong commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:17 pm

DAWN

Day One Biopharmaceuticals has filed with the SEC for an offering of up to 12.1 million shares by selling stockholders. This move could impact the company's stock price as it may affect supply and demand dynamics.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:14 pm

DXPE

DXP Enterprises, Inc. (NASDAQ:DXPE) has announced a new share repurchase program, allowing the company to buy back up to $85 million or 2.5 million shares over the next two years. This follows the successful completion of a previous buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:33 pm

GLMD

Galmed Pharmaceuticals' shares are declining following the announcement of a 1-for-12 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:51 pm

MNTS

Momentus shares are experiencing a decline in trading following the announcement that Masaya Otsuka has acquired a 9.53% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:47 pm

JNJ

Johnson & Johnson (JNJ) has seen a surge in options activity, with a notable bearish sentiment among big-money investors. The options trades include both puts and calls, with a significant portion being bearish. Analysts have adjusted their ratings and price targets, reflecting concerns about the stock's future performance.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 5:31 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) is redeeming all outstanding publicly traded warrants at $0.01 per warrant on September 27, following a condition met on August 23. This has led to a 5.92% drop in ASTS stock price.

Portfolio Pulse from Dylan Berman

August 28, 2024 | 4:19 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are hitting new all-time lows after announcing a securities purchase agreement and a mixed shelf offering of up to $500 million. Despite beating Q2 expectations, the stock is down over 27% in the past month. Analysts have a 12-month price target of $5.50, with no positive ratings.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 4:03 pm

ASTS

AST Spacemobile's shares are declining following the announcement that the company will redeem all outstanding publicly traded warrants.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:12 pm