Streetbeat News

Equity Actions

OXY

Occidental Petroleum shares are trading higher after Berkshire Hathaway increased its stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:16 pm

CMTL

DMTK

NLSP

QMCO

RELI

STI

US stocks showed mixed performance with the Nasdaq Composite slightly down. Retail sales in May increased by 0.1%, missing expectations. Energy shares rose, while consumer discretionary shares fell. Notable stock movements include significant gains for Reliance Global Group, Comtech Telecommunications, and NLS Pharmaceutics, while Solidion Technology, DermTech, and Quantum Corporation saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 2:11 pm

MACIU

Trading halt status for IPO security MACIU was updated at 10:10:00 AM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:10 pm

NEE

NextEra Energy, Inc. (NYSE:NEE) announced the sale of $2 billion in equity units to Wells Fargo Securities and BofA Securities, expected to close on June 20, 2024. Each unit includes a contract to purchase NEE common stock and a 5% interest in a debenture due in 2029, with a total annual distribution rate of 7.299%.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:49 pm

LNG

Cheniere Energy shares are trading higher after the company's Board approved a $4 billion increase to its repurchase program and plans to increase the Q3 dividend by 15% to $2 per share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:44 pm

NEE

NextEra Energy Inc (NYSE:NEE) shares are trading lower after the company announced plans to sell $2 billion of equity units. The proceeds will be used for investments in energy projects and general corporate purposes. The company reaffirmed its long-term growth rate expectations and will participate in investor meetings throughout June.

Portfolio Pulse from Adam Eckert

June 18, 2024 | 1:10 pm

AZEK

The AZEK Company Inc. (NYSE:AZEK) has announced a $50 million accelerated share repurchase (ASR) program of its Class A common stock, in partnership with Goldman Sachs. The repurchase will be funded with cash on hand, with an initial delivery of approximately 0.9 million shares and final settlement by August 2024. Post-ASR, AZEK will have $625 million remaining in its share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:05 pm

BNOX

Bionomics has filed for the resale of up to 3.64 billion ordinary shares by the selling shareholder, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:01 pm

GWAV

Greenwave Technology shares are trading higher after the company completed its recapitalization.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:44 pm

BTDR

LEN

NEE

NTES

RXRX

TAK

URGN

VRE

Several major stocks are experiencing declines in Tuesday's pre-market session. Notable drops include NextEra Energy (NEE) after announcing a $2 billion equity unit sale, Lennar Corporation (LEN) following quarterly results, and Veris Residential (VRE) after a share offering. Other companies like UroGen Pharma (URGN), Bitdeer Technologies (BTDR), NetEase (NTES), Recursion Pharmaceuticals (RXRX), and Takeda Pharmaceutical (TAK) also saw pre-market declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:39 pm