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Equity Actions

GAME

GameSquare has announced that Lou Schwartz, a current member of the board and the company's president, will be appointed as the board chairman, effective from July 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:34 pm

GAME

GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME) has appointed Lou Schwartz as Board Chairman, effective July 7, 2023. The company has also engaged Infor Financial Inc. to provide services as a market maker, subject to the approval of the TSX Venture Exchange. The agreement is for an initial term of six months and will renew for additional one-month terms unless terminated.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:33 pm

DOW

Unusual options activity has been observed for Dow (NYSE:DOW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 options trades for Dow, with sentiment split between 35% bullish and 64% bearish. Whales have been targeting a price range from $40.0 to $57.5 for Dow over the last 3 months. Barclays, Morgan Stanley, Citigroup, and Mizuho have maintained their ratings on Dow with price targets of $56, $54, $55, and $52 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

PVL

Permianville Royalty Trust (PVL) unitholders have approved a proposal for the Trust's sponsor, COERT Holdings I, LLC, to sell certain oil and natural gas properties in the Permian Basin. The net proceeds from the sale will be distributed to the unitholders. The sale is expected to close before August 31, 2023, and the distribution of proceeds will occur within 45 days of the closing.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:27 pm

SAM

Boston Beer has appointed Diego Reynoso as its CFO and Treasurer, effective from September 5, 2023. Matt Murphy, the Interim CFO, will resume his role as Vice President, Finance and Chief Accounting Officer, reporting to Reynoso.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:27 pm

CCK

Crown Holdings has updated its Q3 and FY23 EPS guidance. The company expects Q3 EPS to be between $1.70 and $1.80, compared to the estimated $1.81. For FY23, EPS is projected to be between $6.10 and $6.30, compared to the estimated $6.29. The company also expects improved operating results in global beverage and Transit Packaging, and affirms its previously issued guidance of adjusted EBITDA growth between 8% and 12% for 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:22 pm

CCI

Crown Castle has initiated a restructuring plan that includes reducing its total employee headcount by approximately 15%, discontinuing installation services within the Towers segment, and consolidating office space. The company estimates it will incur restructuring and related charges of approximately $120 million, mostly in the third and fourth quarters of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:22 pm

DLR

INDA

Digital Realty (DLR), Brookfield Infrastructure, and Reliance Industries Ltd. (RIL) have announced a joint venture to develop data centers in India. The venture, named 'Digital Connexion: A Brookfield, Jio and Digital Realty Company', will leverage Digital Realty's data center platform, Brookfield's knowledge of the Indian infrastructure market, and Jio's digital and connectivity ecosystem. The Indian data center market is experiencing rapid growth due to the adoption of digital technologies and cloud computing.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:16 pm

FFIV

F5 Networks Inc. (FFIV) has projected its Q4 EPS to be between $3.15 and $3.27, compared to the estimated $3.22. The company also expects its revenue to be in the range of $690M-$710M, against the estimated $701.94M. The company's CEO expressed confidence in achieving double-digit non-GAAP earnings growth for fiscal year 2023.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:11 pm

MCFT

MasterCraft Boat Company has announced a new $50 million share repurchase authorization, which will become effective upon the expiration of the company's existing $50 million share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:09 pm