Streetbeat News

Equity Actions

VXRT

Vaxart announced a $15 million public offering of common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 6:38 pm

APRN

Blue Apron Holdings announced a 1-for-12 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 6:04 pm

SSTK

Shutterstock announced an up to $100 million stock repurchase program, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 4:54 pm

QQQ

SPY

In the fourth week of Benzinga's experiment, ChatGPT's portfolio outperformed six of the top ten US equity funds, with a gain of 4.51%. The AI-curated portfolio is now in fourth place, competing against heavyweights like SPDR S&P 500 ETF (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from AJ Fabino

June 07, 2023 | 4:13 pm

STER

Sterling Check announced a secondary public offering of 8 million shares of its common stock by the selling stockholder, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 4:08 pm

NAMS

NewAmsterdam Pharma Company announced a secondary offering by selling shareholders of 10,579,210 shares at €0.12 per share, causing the stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 3:41 pm

IONS

Ionis Pharmaceuticals announced a $500 million private placement of convertible notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 3:31 pm

APRN

Blue Apron Holdings (NYSE:APRN) has announced a 1-for-12 reverse stock split, approved by its Board of Directors and stockholders. The split will be effective after market close on June 7, 2023, and will reduce the number of outstanding shares from 76 million to 6 million. The move aims to increase the market price per share and ensure compliance with the NYSE share price listing rule.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 3:11 pm

CVE

Cenovus Energy (NYSE:CVE) has restarted over 70% of production impacted by wildfires in May. Goldman Sachs upgraded the stock from Neutral to Buy and raised the price target from $20 to $22, citing imminent catalysts from the restart of Superior and Toledo refineries.

Portfolio Pulse from Priya Nigam

June 07, 2023 | 2:40 pm

VXRT

Vaxart Inc (NASDAQ:VXRT) shares are trading lower after the company proposed a public offering of common stock. The company plans to use the net proceeds to support clinical and preclinical development of its product candidates, as well as for clinical trials and manufacturing.

Portfolio Pulse from Adam Eckert

June 07, 2023 | 2:03 pm