Streetbeat News

Equity Actions

GNS

Genius Group Ltd (NASDAQ:GNS) shares dropped by 26.8% to $0.12 after the company approved a 1-for-10 reverse stock split, effective August 16. The split aims to meet NYSE’s minimum price requirement. Adjustments will be made to equity awards and incentive plans, but the number of authorized shares and their par value will remain unchanged.

Portfolio Pulse from Henry Khederian

August 06, 2024 | 6:24 pm

LUV

Southwest Airlines shares are trading higher after activist investor Elliot Investment Management disclosed a 7% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:26 pm

ETRGF

IMCC

OGI

YCBD

Several cannabis companies, including IM Cannabis, cbdMD, Entourage Health, and Organigram Holdings, are set to report their earnings for the second quarter of 2024. IM Cannabis will discuss its results and recent share consolidation plan, cbdMD will address its operational losses and cost-cutting measures, Entourage Health will provide an update on its financial health, and Organigram Holdings will report its earnings and discuss its strategic investments in the European market.

Portfolio Pulse from Jelena Martinovic

August 06, 2024 | 5:22 pm

BLDR

Builders FirstSource (NYSE: BLDR) reported Q2 adjusted EPS of $3.50, beating estimates, but missed on sales with $4.456 billion. The company announced a $1 billion stock buyback plan and achieved $37 million in productivity savings. Despite a 1.6% decrease in net sales and a 12.9% drop in adjusted EBITDA, shares are trading higher by 5.61%.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 5:18 pm

LCID

Lucid Group (NASDAQ:LCID) received mixed analyst reviews following its Q2 earnings report and a $1.5 billion investment from Saudi Arabia's Public Investment Fund (PIF). Analysts highlighted the company's strong technology, upcoming vehicle launches, and the significance of the new capital raise, but also noted concerns about production and demand uncertainties.

Portfolio Pulse from Chris Katje

August 06, 2024 | 4:29 pm

DGHI

Digihost Technology shares are trading higher following the announcement of a $4 million private placement.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:26 pm

DGHI

Digihost Technology Inc. announced a $4 million private placement consisting of 3,636,363 units at $1.10 per unit, a 9% premium to its most recent Nasdaq closing price. Each unit includes one share and one warrant with a $2.00 exercise price. Proceeds will be used for infrastructure expansion and working capital.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:21 pm

RMCF

Rocky Mountain Chocolate Factory shares are trading higher following the announcement of a $2.2 million private placement.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:19 pm

BAC

TFC

Stephanie Link announced on CNBC that she has bought more shares of Bank of America (BAC) and Truist Financial (TFC).

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:13 pm

CSLR

SPWR

SunPower Corporation (NASDAQ:SPWR) has filed for Chapter 11 bankruptcy and is seeking a buyer for key assets. Complete Solaria, Inc. (NASDAQ:CSLR) will acquire SunPower’s Blue Raven Solar business, New Homes business, and non-installing Dealer network for $45 million, pending Court approval. SunPower plans to liquidate remaining assets and wind down operations.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 3:52 pm