Streetbeat News

Equity Actions

JXN

Jackson Financial shares are trading higher following the company's Q2 financial results and a $750 million increase in its repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:14 am

EYE

National Vision has agreed to repurchase approximately $218 million of its 2.50% convertible senior notes due 2025 for around $215 million plus accrued and unpaid interest.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:13 am

MUR

Murphy's Board of Directors has increased the stock buyback authorization by $500 million, leaving $800 million remaining under the current program. In 2024, Murphy repurchased $150 million of stock, totaling 3.8 million shares at an average price of $39.70 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:04 am

EPAM

EPAM Systems' Board of Directors has authorized a $500 million share buyback program, indicating confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:03 am

AMZN

CMCSA

DIS

WBD

Warner Bros. Discovery (NASDAQ:WBD) is facing a $9 billion write-down due to overvaluation of its TV assets from the 2022 merger with Discovery. This has led to a more than 10% drop in its stock price. The company missed its quarterly sales estimates and reported significant losses. CEO David Zaslav has hinted at potential consolidation or selling smaller parts of the company.

Portfolio Pulse from Navdeep Yadav

August 08, 2024 | 10:00 am

CRH

CRH has announced a new phase of its share buyback program, entering into an agreement with BNP Paribas Securities Corp. to repurchase up to $0.3 billion worth of its ordinary shares listed on the New York Stock Exchange. This phase will run from August 8, 2024, to November 6, 2024. Since May 2018, CRH has returned a total of $7.9 billion to shareholders through its buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:16 am

KNW

Know Labs has announced a public offering of 13.25 million units at $0.26 per unit, raising $3.445 million before expenses. Each unit includes one share of common stock and one warrant to purchase an additional share at the same price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:47 am

CNP

CenterPoint Energy has priced a $250 million public offering of 9,754,194 common shares at $25.63 per share. The proceeds will be used for general corporate purposes, including the repayment of outstanding commercial paper.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:45 am

PGEN

Precigen has priced a $30 million public offering of 35,294,118 common stock at $0.85 per share. The proceeds will be used for advancing PRGN-2012 to regulatory approval, limited clinical development of other pipeline assets, and general corporate purposes. The funds, along with strategic reprioritization and existing cash, are expected to support operations into early 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:43 am

BETR

Better has announced a 1-for-50 reverse stock split effective August 16, 2024. The split was approved by stockholders and the Board of Directors. The Class A common stock will begin trading on a split-adjusted basis on August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:40 am