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Equity Actions

CVNA

Carvana has entered into a distribution agreement with Citigroup and Moelis for the offering of up to $1B of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:51 am

CTSO

CytoSorbents Corporation has announced the appointment of Alexander D'Amico as its new Chief Financial Officer, effective from August 7.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:06 am

HROW

Harrow Health has priced an underwritten public offering of 3.38 million shares at $17.75 per share, aiming to raise aggregate gross proceeds of $60 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:03 am

AMRN

AUR

HPK

IBKR

JOBY

OMC

Several US stocks recorded losses in Wednesday's pre-market trading session. Amarin Corporation shares dipped 16.1% after naming a new CEO and announcing a 30% reduction of non-sales roles. Aurora Innovation shares declined 14% following plans to sell $600 million worth of stock in a private placement. HighPeak Energy shares fell 9.1% after announcing a public offering. Omnicom Group shares declined 6.8% after reporting downbeat Q2 sales. Joby Aviation shares fell 6.4% after JP Morgan downgraded the stock from Neutral to Underweight. Interactive Brokers Group shares declined 5.1% following weaker-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 10:51 am

CVNA

Carvana has reached an agreement with noteholders that will eliminate over 83% of 2025 and 2027 unsecured note maturities. This will lower the required cash interest expense by over $430M per year for the next two years.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:35 am

PPRUF

PPRUY

Kering SA announced the departure of Gucci CEO Marco Bizzarri effective September 25. Jean-Francois Palus, the current managing director, will take over as CEO and president for a transitional period. Francesca Bellettini, current President and CEO of Yves Saint Laurent, has been appointed as Deputy CEO. The company also disclosed other top management changes.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 10:23 am

ASML

ASML Holding NV reported a 27% YoY increase in Q2 FY23 net sales to $7.52 billion, beating the consensus of $7.51 billion. The company's Q2 net bookings were €4.50 billion, down from €8.46 billion a year ago. ASML declared an interim dividend of €1.45 per share, payable on August 10. The company also purchased around €500 million worth of shares under the 2022-2025 share buyback program. ASML expects strong growth for 2023, with a net sales increase towards 30% and a slight improvement in gross margin.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 10:18 am

PWUP

PowerUp Acquisition Corp. has entered into a purchase agreement with SRIRAMA Associates and PowerUp Sponsor LLC. Under the agreement, SRIRAMA Associates will purchase 4,317,500 Class A Ordinary Shares and 6,834,333 private placement warrants from PowerUp Sponsor for an aggregate purchase price of $1.00.

Portfolio Pulse from Charles Gross

July 19, 2023 | 10:06 am

AUR

Aurora Innovation has announced plans to sell $600 million worth of stock in a private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:55 am

BPTS

Biophytis has announced a registered direct offering of $3.8 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 7:28 am