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Equity Actions

LGIH

LGI Homes has expanded its presence in Florida by launching new homes in Port Charlotte. This move is expected to increase the company's market share in the region.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:29 am

CTLT

Elliott Investment Management has acquired a significant stake in pharmaceutical company Catalent. The activist shareholder is pushing for changes on the contract drugmaker's board.

Portfolio Pulse from Charles Gross

July 20, 2023 | 12:11 am

DRUG

LSDI

PSIL

TRYPF

The House Rules Committee blocked all drug policy amendments to the National Defense Authorization Act (NDAA), preventing them from advancing to a floor vote. The American Psychedelic Practitioners Association (APPA) is working to legitimize the field of psychedelics. Bright Minds (NASDAQ:DRUG) consolidated its shares 5:1 to remain Nasdaq-listed, Lucy Scientific (NASDAQ:LSDI) appointed a new CEO, Tryp Therapeutics (OTC:TRYPF) received FDA approval for its Phase 2 psilocybin trial, and AdvisorShares Psychedelics ETF (NYSE:PSIL) maintained its opening price from the previous week.

Portfolio Pulse from Lara Goldstein

July 19, 2023 | 10:43 pm

ISTR

Investar Holding's board has authorized the repurchase of an additional 350,000 shares of common stock. This is in addition to the 248,439 shares remaining under the current repurchase program. The additional shares represent approximately 4% of the company's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:07 pm

TSLA

Elon Musk, CEO of Tesla, has announced that the company will allow the transfer of Full Self-Driving (FSD) capabilities as part of a one-time amnesty in Q3. This move could potentially increase the value of used Tesla vehicles equipped with FSD.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 9:54 pm

DOMA

Doma Holdings has completed the sale of its local retail title operations in Texas, Illinois, Indiana, Minnesota, and Wisconsin. The terms of the sale were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:16 pm

DFS

Discover Financial Services (NYSE:DFS) reported Q2 results with revenue of $3.878 billion, beating estimates of $3.8 billion, but EPS of $3.54, missing estimates of $3.67. The company saw a 19% YoY loan growth, reaching $117.9 billion. However, digital banking revenue fell by $322 million. Payment services volume and income increased by 8% YoY and from $20 million to $70 million respectively. The company repurchased 6.8 million shares for $700 million and declared a quarterly cash dividend of 70 cents per share. DFS shares were down 11.5% in after-hours trading.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 9:01 pm

ODD

AI-driven beauty and wellness company, Oddity Tech (NASDAQ:ODD), made a successful debut on the public market, with its shares soaring 40% above the IPO price. The company reached a market valuation of $2.8 billion. Oddity, known for its Il Makiage and Spoiled Child brands, raised approximately $424 million with the sale of 12.1 million shares. The company plans to invest over $100 million to acquire biotech startup Revela and open a U.S.-based lab, and will use the proceeds from its offering to invest more in its data and technology.

Portfolio Pulse from Piero Cingari

July 19, 2023 | 8:57 pm

AWI

Armstrong World Industries (AWI) has announced an additional $500 million authorization to its repurchase program. This move indicates the company's confidence in its financial stability and future growth prospects.

Portfolio Pulse from Bill Haddad

July 19, 2023 | 8:32 pm

MSCI

MSCI Inc.'s stock has increased by 7.01% over the past month and 13.57% over the past year. The company's P/E ratio of 46.09 is lower than the Capital Markets industry average of 64.88, which could indicate that the stock is undervalued or that it might perform worse than its industry peers. The P/E ratio is a tool for investors to evaluate a company's market performance, but it should be used with caution and alongside other financial ratios, industry trends, and qualitative factors.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:30 pm