Streetbeat News

Equity Actions

FFIE

Faraday Future Intelligent Electric (FFIE) plans to implement a reverse stock split at a ratio of 1-for-40, effective August 16.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:01 am

NICE

NICE has appointed Scott Russell as the new CEO, effective January 1, 2025, succeeding Barak Eilam.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:31 am

CMG

SBUX

Starbucks' new CEO, Brian Niccol, will receive a $113 million compensation package and remote working privileges. Niccol's leadership at Chipotle saw an 800% stock price surge, and his appointment is seen as a win for Starbucks. The market reacted with a 20% surge in Starbucks' shares and a 10% drop in Chipotle's stock.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 8:25 am

RNA

Avidity Biosciences has announced a $300.1 million upsized public offering of 7,320,000 common stock at $41 per share. The offering is expected to close on August 16, 2024, and the proceeds will be used to fund clinical programs, advance R&D, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:00 am

NHI

National Health Investors (NHI) has priced an upsized public offering of 2.4 million common shares at $71.25 per share. The company has entered into forward sale agreements with BofA Securities, J.P. Morgan, Wells Fargo Securities, and BMO Capital Markets. NHI will not receive any proceeds from the sale of shares by the forward purchasers.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:58 am

AAPL

BAC

CB

COF

CVX

FND

HEI

LPX

OXY

TMUS

ULTA

Warren Buffett's Berkshire Hathaway has sold over 389 million Apple shares but still holds 400 million. The company also reduced stakes in Bank of America, Chevron, Capital One, Floor & Decor, T-Mobile, and Louisiana-Pacific, while increasing holdings in Chubb and Occidental Petroleum. New investments were made in Heico and Ulta Beauty. Elon Musk commented on Berkshire's $277 billion cash reserves, predicting changes as T-bill returns decline.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 3:36 am

VERO

Venus Concept shares are trading higher after EW Healthcare Partners filed a 12th amendment to a Schedule 13D, reporting 45.8% aggregate ownership in the company.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:10 pm

VERO

EW Healthcare Partners has filed the 12th amendment to Schedule 13D, reporting a 45.8% aggregate ownership in Venus Concept. The update includes 5.21 million shares beneficially owned by Essex Woodlands Fund IX and its affiliates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:08 pm

IFIN

InFinT Acquisition shares are trading lower after the company announced it will delist from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:04 pm

BTU

EDR

IBIT

NVDA

PSNY

STZ

VNQ

Elliott Investment Management's Q2 2024 13F filing reveals that the firm has exited positions in several notable stocks and ETFs, including Constellation Brands, Endeavor Group, VNQ Calls, Peabody Energy, iShares Bitcoin Trust, NVIDIA, and Polestar Automotive.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:46 pm