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Equity Actions

CMCSA

Comcast Corp's President, Mike Cavanagh, has announced a leadership overhaul at NBCUniversal. Donna Langley has been named chairman of NBCUniversal Studio Group and chief content officer. Mark Lazarus is now chairman of NBCUniversal Media Group, and Cesar Conde will expand his role to oversee NBCUniversal Local and Telemundo Enterprises Group. The changes aim to streamline decision-making processes. Comcast's shares traded lower by 0.32% at $41.08 premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 1:02 pm

AYRWF

AYR Wellness Inc. has secured a $40 million refinancing and upsizing of its existing mortgage for its Gainesville cultivation facility from Needham Bank. The loan will be used to pay down the company’s existing Gainesville mortgage of $25.3 million and invest further in the facility and the company’s Florida business. The new loan carries an interest rate of 5-year FHLB rate + 4%, which currently implies a rate of 8.26%.

Portfolio Pulse from Vuk Zdinjak

July 07, 2023 | 12:37 pm

LVMHF

LVMH Moet Hennessy Louis Vuitton SE (LVMHF) backed private equity firm is considering an IPO for Birkenstock in the US market, potentially valuing the company at over $6 billion. The IPO may occur this or next year. LVMHF reported a 17% YoY sales growth in Q1 FY23.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 12:30 pm

AAON

AAON Inc has announced a three-for-two stock split of its common stock, to be paid as a stock dividend on August 16, 2023. Stockholders of record at the close of business on July 28, 2023, will receive one additional share for every two shares they hold. The number of shares outstanding will increase from about 54.4 million to about 81.6 million. AAON held ~$3 million in cash and equivalents as of March 31, 2023.

Portfolio Pulse from Shivani Kumaresan

July 07, 2023 | 12:18 pm

ACST

Acasti Pharma Inc. (NASDAQ:ACST) has announced a 1-for-6 reverse stock split to regain compliance with the NASDAQ Capital Market's $1.00 minimum bid price continued listing requirement. The split will reduce the number of outstanding common shares from approximately 44.6 million to about 7.4 million and will become effective on July 10, 2023.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 12:03 pm

JZXN

Jiuzi Holdings plans to execute a 1-for-18 reverse share split to regain compliance with the minimum bid price requirement of $1.00 per ordinary share for continued listing on Nasdaq. The split-adjusted trading is expected to begin on or around July 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 12:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has announced a reward of 3,500 yuan ($484) for Model Y and Model 3 buyers in China with a referral, along with 90 days of free access to the company’s enhanced autopilot system. This comes a day after Tesla pledged to avoid abnormal pricing in China. During Q2, over 53% of Tesla's global sales were made in China. Tesla, along with BYD and 14 other companies, signed a letter expressing a commitment to fair competition and the promotion of core socialist values in the Chinese auto market.

Portfolio Pulse from Anan Ashraf

July 07, 2023 | 12:02 pm

BECN

Beacon Roofing Supply, Inc. (BECN) has announced its plan to repurchase all its outstanding Series A Cumulative Convertible Participating Preferred Stock from Clayton, Dubilier & Rice for $804.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:13 am

AAON

AAON has announced a 3-for-2 stock split, which will be paid in the form of a stock dividend.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:05 am

CBOE

SSNC

SS&C Technologies Holdings Inc (NASDAQ:SSNC) has appointed Brian Schell as Executive Vice President and Chief Financial Officer (CFO). Schell will join SS&C on August 7 from Cboe Global Markets, Inc. (BATS:CBOE), where he was Executive Vice President, CFO, and Treasurer. Cboe Global Markets promoted Jill Griebenow to Executive Vice President, Chief Financial Officer and Treasurer, replacing Brian Schell.

Portfolio Pulse from Shivani Kumaresan

July 07, 2023 | 10:44 am