Streetbeat News

Equity Actions

ARKB

COIN

ETHA

ETHE

FETH

GBTC

IBIT

Bitcoin and Ethereum ETFs saw significant net inflows on Thursday, with Ark Invest rebalancing its portfolio by selling shares of its ARKB spot Bitcoin ETF and reducing its exposure to Coinbase Inc. The Grayscale Bitcoin Trust experienced outflows, while BlackRock's iShares Bitcoin Trust and Ethereum-based ETFs saw strong inflows.

Portfolio Pulse from Murtuza Merchant

August 02, 2024 | 11:46 am

CMC

Commercial Metals Company (CMC) has announced several key leadership changes. Robert Wetherbee will become Chairman effective September 1, as Barbara Smith retires as Executive Chairman. Sarah E. Raiss will resign as Lead Director effective August 31, 2024, but will remain on the Board. Vicki L. Avril-Groves will retire from the Board effective August 31, 2024. Tandra Perkins will join the Board on September 1, 2024, and will serve on the Compensation and Finance Committees.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:36 am

SQSP

Squarespace announced it will go private through a definitive agreement with Permira. As a result, the company will not host earnings calls or provide financial guidance for the rest of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:11 am

ABG

Asbury Automotive Group (ABG) announced that it repurchased approximately 193,000 shares for $43 million in Q2 and approximately 592,000 shares for $130 million year-to-date through August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:08 am

ALLG

Allego N.V. (NYSE:ALLG) announced its voluntary delisting from the NYSE, with the last trading day expected on August 22, 2024. The company will file a Form 25 with the SEC on August 12, 2024, to initiate the delisting process.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:07 am

ZYME

Zymeworks has filed for a common stock offering of up to $150 million, as indicated in their 424B5 filing.

Portfolio Pulse from charles@benzinga.com

August 02, 2024 | 11:06 am

ATMU

Atmus Filtration has updated its 2024 guidance, projecting revenues between $1.625 billion and $1.675 billion, and adjusted EPS between $2.15 and $2.40. The company also announced a $0.05 per share quarterly dividend and a $150 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:56 am

SQ

Block shares are trading higher following the company's Q2 financial results and the announcement of a $3 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:35 am

BAC

BRK

Warren Buffett's Berkshire Hathaway has sold over $3.8 billion worth of Bank of America shares in the past two weeks, reducing its stake to 12.1%. The sales come after a significant rise in Bank of America's stock price.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 5:36 am

AMD

COIN

HOOD

PLTR

Cathie Wood's Ark Invest made significant trades involving Coinbase, Palantir, Robinhood, and AMD. Ark sold $14.7M worth of Coinbase shares, $8.5M worth of Palantir stock, and $5.72M worth of Robinhood shares. Additionally, Ark bought shares of AMD.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 2:53 am