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Equity Actions

ALGS

Aligos Therapeutics has announced a 1-for-25 reverse stock split effective August 19, 2024. The company's common stock will begin trading on the Nasdaq Capital Market under the symbol ALGS with a new CUSIP number 01626L 204.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:01 pm

TRMB

Trimble announced that Phillip Sawarynski will formally assume the role of CFO on August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:16 pm

FFIE

Faraday Future Intelligent Electric shares are trading lower after the company reported Q2 financial results and authorized a reverse stock split at a ratio of 1-for-40.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:52 am

PRTG

Portage Biotech reported a net loss of $75.4 million for FY24, an improvement from the $104.7 million loss last year. The company is discontinuing its iNKT clinical trial for PORT-2 and pausing patient enrollment in other trials due to funding requirements. Portage is exploring strategic alternatives, including partnerships, sales, mergers, restructurings, or further financing.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:15 am

ULTA

Ulta Beauty shares are trading higher after Berkshire Hathaway added a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:12 am

SIRI

Sirius XM Holdings shares are trading higher after Berkshire Hathaway increased its stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:12 am

NKE

Nike shares are trading higher after Pershing Square disclosed in a 13F filing that it added a new position in the company.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:11 am

CARR

Carrier has signed a definitive agreement to sell its commercial and residential fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. Carrier plans to use the estimated $2.2 billion in net proceeds from the transaction for share repurchases.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:05 am

KORE

KORE Group has appointed Ronald Totton as its President and CEO, effective August 14, 2024. Totton had been serving as the interim President and CEO since May 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:35 am

PHGE

BiomX announced a one-for-ten reverse stock split, effective August 26. This corporate action is aimed at increasing the per-share trading price of its common stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:31 am