Streetbeat News

Equity Actions

HIG

The Hartford Financial Services Group, Inc. (HIG) has announced that its Board of Directors has authorized a new $3 billion share repurchase program. This move is expected to enhance shareholder value and reflects the company's strong financial position.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:26 pm

SSNC

SS&C Technologies has announced a $1 billion common stock repurchase program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:08 pm

BANR

Banner Corporation has announced a stock repurchase program for up to 1,722,787 shares.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:01 pm

META

Essilor Luxottica's CEO views Supreme as a valuable communication platform and highlights a strong, long-term partnership with Meta. The CEO is aware of Meta's intention to take a stake in the company and welcomes it, stating it will not affect their partnership.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:33 pm

TWOU

2U Inc (NASDAQ:TWOU) shares plummeted by 61% to $1.58 after the company filed for Chapter 11 bankruptcy to facilitate a Restructuring Support Agreement. The restructuring aims to improve the company's balance sheet, securing $110 million in new capital and reducing its debt by over 50%. The company will continue normal operations during this period and expects to emerge as a private entity by September.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 4:53 pm

CON

Concentra Group's shares opened for trading at $22.03 per share, below the IPO price of $23.50 per share.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:40 pm

SFL

Shares of SFL Corporation Ltd. (NYSE:SFL) dropped significantly after the company announced a $100 million share offering, causing investor concerns about dilution. However, the stock may bounce back due to potential capitulation and support at the $11.60 level, which could lead to a bullish setup.

Portfolio Pulse from Mark Putrino

July 25, 2024 | 4:36 pm

CARR

CCSO

FPX

Carrier Global Corp (NYSE:CARR) reported mixed Q2 FY24 results with net sales rising 12% Y/Y to $6.70 billion, missing the consensus of $7.00 billion. The company plans to repurchase $1 billion in shares in H2 2024. Adjusted EPS of $0.87 beat the consensus of $0.84. The company reduced its sales outlook to ~$25.5 billion from ~$26 billion. CARR shares are down 2.73%. Investors can gain exposure via First Trust US Equity Opportunities ETF (NYSE:FPX) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 2:52 pm

ORKT

Orangekloud Technology (ORKT) shares opened for trade at $5.20 per share, following an IPO priced at $4.75 per share.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:46 pm

BANX

ArrowMark Financial has filed with the SEC for a mixed shelf offering of up to $150 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:37 pm