Streetbeat News

Equity Actions

ORIC

Oric Pharmaceuticals announced $85 million in private placement financing, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:19 pm

GCO

Genesco announced a $50 million increase to its ongoing $200 million buyback program, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:13 pm

SOUN

SoundHound AI's shares are trading higher following the announcement of its inclusion in the Russell 2000 and Russell 3000 Indexes.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:12 pm

AMZN

APO

DB

GS

HSBC

LCID

PFE

The Federal Reserve is set to release stress test results for 23 banks, with expectations of sufficient capital levels. Deutsche Bank faces challenges with clients' missing Russian shares. Amazon plans to invest $26 billion in India by 2030. Lucid Group partners with Aston Martin for EV technology. Virgin Galactic announces its first commercial spaceflight crew. Pfizer discontinues one weight loss candidate while continuing another. XPeng plans to unveil its G6 Ultra Smart Coupe SUV. HSBC will exit Canary Wharf and set up a new HQ. Goldman Sachs begins laying off managing directors. Apollo backs Wolfspeed with $2 billion for expansion. JD.com plans to create an autonomous division.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:54 pm

GCO

Genesco Inc's board of directors has authorized a $50 million increase to its existing $200 million share repurchase program. The company has repurchased 3.9 million shares at a total cost of about $189.5 million since September 2019. GCO shares are up 2.38% at $24.50 premarket.

Portfolio Pulse from Shivani Kumaresan

June 26, 2023 | 1:21 pm

LINC

Lincoln Educational Services Corporation (NASDAQ:LINC) has been added to the Russell 3000 Index as part of the 2023 Russell Indexes reconstitution. The company's inclusion in the index is expected to generate increased interest and liquidity in its shares.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:20 pm

SOUN

SoundHound, an AI company, has been added to the Russell 2000 and Russell 3000 indexes. This inclusion is expected to increase the visibility and trading volume of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 1:08 pm

LIQT

LiqTech International (NASDAQ: LIQT) announces board succession changes, with Chairman Mark Vernon retiring and Alex Buehler appointed as the new Chairman. Martin Kunz has also been appointed to the Company's Board of Directors.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:05 pm

ORIC

ORIC Pharmaceuticals has agreed to sell approximately 12.1 million shares in a private placement, raising $85 million. The financing is led by Nextech and includes participation from EcoR1 Capital, Frazier Life Sciences, Venrock Healthcare Capital Partners, and Boxer Capital. The proceeds will fund research and development, working capital, and general corporate purposes, with cash runway extended into late 2025.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:44 pm

ITI

Iteris, Inc. (ITI) is set to join the Russell 2000 Index, which is a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 12:42 pm