Streetbeat News

Equity Actions

CEP

Cantor Equity Partners, Inc. (NASDAQ:CEP) has priced its initial public offering (IPO) of 10 million Class A shares at $10 per share. The shares will be listed on the Nasdaq Global Market and will begin trading under the symbol 'CEP' on August 13, 2024. The underwriters have a 45-day option to purchase an additional 1.5 million shares to cover over-allotments. The offering is expected to close on August 14, 2024, with Cantor Fitzgerald & Co. acting as the sole book running manager.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:36 pm

ACTU

Trading halt status for ACTU was updated at 10:35:00 AM ET. The IPO security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:35 pm

PRTG

Portage Biotech shares are trading lower after the company announced a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:24 pm

PEN

Penumbra, Inc. shares are trading higher after the company announced a $200 million share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:21 pm

LWAY

Lifeway Foods shareholders, Edward and Ludmila Smolyansky, have filed a consent statement to launch the 'Life Back to Lifeway' campaign, aiming to replace the board of directors, including CEO Julie Smolyansky.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:35 pm

GNLN

Greenlane Holdings Inc (NASDAQ:GNLN) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by the announcement of a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect dangerous substances like fentanyl and xylazine. Additionally, Greenlane entered into a securities purchase agreement for $6.5 million and highlighted recent stock purchases by its CEO. The stock is also seeing increased attention from retail investors, with a notable short interest.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:18 pm

WGO

Winnebago Industries has announced a leadership transition. Huw Bower will step down as Winnebago Brand President on August 31, 2024, and will be succeeded by Chris West as President of Winnebago Outdoors Businesses effective September 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:18 pm

CMG

FDIS

SBUX

XLY

Starbucks has appointed Brian Niccol, the CEO and Chairman of Chipotle Mexican Grill, as its new CEO and Chairman, effective September 9. The announcement has led to a significant rise in Starbucks' stock price. Current CEO Laxman Narasimhan is stepping down immediately, with CFO Rachel Ruggeri serving as interim CEO. Niccol's leadership at Chipotle saw substantial growth in revenue, profits, and stock price. Investors can gain exposure to Starbucks through ETFs like SPDR Select Sector Fund – Consumer Discretionary (XLY) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 1:06 pm

MKSI

ROG

MKS Instruments has appointed Ram Mayampurath as Executive Vice President, Chief Financial Officer, and Treasurer, effective October 14, 2024. Mayampurath joins from Rogers Corporation, bringing over 25 years of financial leadership experience.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:02 pm

ISPO

Inspirato has announced a $10 million capital infusion and appointed Payam Zamani as the new CEO and Chairman.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:01 pm