Streetbeat News

Equity Actions

ZEAL

Zealand Pharma has increased its share capital by DKK 13,000 through the exercise of employee warrants, resulting in the issuance of 13,000 new shares.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:13 pm

WDAY

Workday has approved a new share repurchase program to buy back up to an additional $1 billion of its Class A common stock. This move is likely to impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:10 pm

INTU

Intuit has been approved for a new $3 billion share repurchase authorization, increasing its total repurchase authorization to $4.9 billion. The company reported $4.1 billion in cash and investments and $6.0 billion in total debt as of July 31. Intuit also announced a 16% increase in its quarterly dividend to $1.04 per share, payable on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:09 pm

AVDX

AvidXchange has announced a $100 million share repurchase program, effective immediately, with up to $50 million allowed annually under an amended credit facility. The program will run until December 31, 2025, or until funds are exhausted, subject to modification or termination.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:06 pm

TASK

TaskUs has filed for a mixed shelf offering of up to $500 million, according to an SEC filing. This move allows the company to issue various types of securities, including debt and equity, to raise capital.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:11 pm

EYEN

Eyenovia Inc (NASDAQ:EYEN) stock is trading higher after a significant drop, with a session volume much higher than average. The company announced a share offering to raise approximately $5.14 million, which will be used for product commercialization, clinical studies, and potentially repaying loans. The stock price increased by 11.8% following this news.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:20 pm

FCEL

HDRO

HYDR

FuelCell Energy (NASDAQ:FCEL) shares are down 6.07% after receiving a CAD$5.9 million grant from Natural Resources Canada for projects using its electrolyzer technology to produce low-carbon synthetic fuels. The company is also considering a reverse stock split. Investors can gain exposure through ETFs like HDRO and HYDR.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 4:41 pm

AIRI

CYTH

OBLG

PTON

REVB

RZLV

U.S. stocks fell as initial jobless claims rose slightly more than expected. Peloton, Rezolve AI, and Air Industries saw significant stock gains due to positive news, while Revelation Biosciences, Cyclo Therapeutics, and Oblong experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 4:16 pm

ALVO

Alvotech shares declined following the announcement of a share offering by a selling shareholder, involving up to 1,789,087 shares.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:07 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) announced a $5 million registered direct offering of ordinary shares, causing its stock to trade lower. The offering involves 1,108,892 shares at $4.50 each, expected to close around August 23. The proceeds will be used for working capital and general corporate purposes. Despite a recent surge due to the WHO's declaration of a public health emergency, the stock is currently experiencing overbought conditions with an RSI of 78.71.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 3:12 pm