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Equity Actions

CNX

CNX Resources has entered a definitive purchase sales agreement to sell non-operated producing oil and gas assets in the Appalachian Basin to a third party. The transaction is expected to close in Q2 2023, resulting in cash proceeds of approximately $125 million.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:40 pm

CLNN

Clene Inc. has announced the launch of a proposed public offering, with no size disclosed. The company's stock, CLNN, may be affected by this news.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:40 pm

CYN

Cyngn has filed a prospectus related to the offering and resale of up to 7.7 million shares of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:27 pm

PRAX

Praxis Precision Medicines has announced a proposed public offering, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:02 pm

VSTM

Verastem Oncology (NASDAQ:VSTM) announces a proposed public offering of common stock and pre-funded warrants. The company plans to use the net proceeds for research and development, potential launch of avutometinib and defactinib in low-grade serous ovarian cancer, and working capital.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:00 pm

CAVA

CMG

SG

Cava Group's shares soared on their first day of NYSE trading, with the Mediterranean restaurant chain's IPO raising around $318 million and valuing the company at $2.5 billion. Shares opened at $42, a 90.9% gain for investors who secured shares at the IPO price, and traded between $40 and $47.79. Cava has been compared to Chipotle Mexican Grill and Sweetgreen Inc, both of which experienced strong IPO performances.

Portfolio Pulse from Chris Katje

June 15, 2023 | 7:29 pm

ASPN

Aspen Aerogels has terminated its at-the-market equity offering program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:47 pm

AZO

AutoZone announced an additional $2 billion share repurchase, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:43 pm

WRB

W.R. Berkley's shares are trading higher after the company announced an increase in its dividend and repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:41 pm

SPY

TSCO

Tractor Supply Company (TSCO) is a top dividend and buyback stock for long-term investment, with a buyback yield of 2.5%, a dividend yield of 1.9%, and a 5-year average dividend growth rate of 27.1%. The stock has outperformed the S&P 500 by more than 3.3% per year and is expected to continue its impressive earnings growth.

Portfolio Pulse from Cory Mitchell

June 15, 2023 | 4:35 pm