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DKNG

DraftKings has announced a $1 billion inaugural share repurchase authorization, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:16 pm

WMG

Warner Music Group (WMG) has announced a reorganization of its recorded music operations. CEO Max Lousada will step down at the end of the fiscal year on September 30. Elliot Grainge will become the CEO of Atlantic Music Group starting in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:58 pm

APTV

Aptiv PLC (NYSE:APTV) shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results. Despite missing sales estimates and lowering its 2024 revenue guidance, the company announced a $5 billion share repurchase program.

Portfolio Pulse from Dylan Berman

August 01, 2024 | 6:47 pm

BA

Boeing shares are trading lower after the company reported worse-than-expected Q2 results and appointed Kelly Ortberg as the new CEO. The stock initially gained following the report but is now lower.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:19 pm

CTVA

Corteva shares are trading lower after the company reported worse-than-expected Q2 revenue results and announced the retirement of CFO Dave Anderson.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:05 pm

BTCUSD

MSTR

MicroStrategy Inc (NASDAQ:MSTR) is set to report its Q2 earnings after the bell on Thursday. Analysts expect a loss of 11 cents per share on revenue of $122.6 million. The company holds 226,331 Bitcoin as of June 20, 2024. Recent analyst ratings are positive, with price targets ranging from $1,826 to $2,890. A 10-for-1 stock split is scheduled, with trading on a split-adjusted basis starting on Aug. 8. MSTR shares are up 142% year-to-date but down 5.4% at $1,527.23 at the time of publication.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 4:46 pm

JSDA

Jones Soda Co. (OTCQB:JSDA) has closed the second tranche of its private placement offering, raising $640,000. The company plans to close a third tranche by August 8, 2024, and will discuss its Q2 2024 financial results on August 13, 2024. The funds will support growth and general corporate purposes. Shares traded 6.25% lower at 45 cents after market close.

Portfolio Pulse from Jelena Martinovic

August 01, 2024 | 4:40 pm

SLM

SLM Corp. has filed a mixed-securities shelf registration, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:03 pm

MBAVU

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:35 pm

FDSB

Fifth District Savings Bank (FDSB) opened at $10.75 per share after its IPO was priced at $10. This indicates a positive market reception for the newly listed company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:21 pm