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FIVE

Five Below Inc (NASDAQ:FIVE) announced a CEO transition and updated guidance for Q2. Joel Anderson stepped down as CEO, with Kenneth Bull named interim CEO. The company reported a 9.5% increase in total sales but a 5% drop in comparable sales. Analysts downgraded the stock and slashed price targets.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:55 pm

VSTO

Gates Capital Management opposes Vista Outdoor's proposed sale of The Kinetic Group to CSG, advocating instead for a tax-free spin-off or a cash offer for the entire company. Gates Capital, which owns 9.6% of Vista Outdoor, sent a letter to the Board of Directors expressing their intention to vote against the sale.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:34 pm

PET

Wag! Group shares are trading lower following the announcement of an underwritten public offering of 7,407,407 shares of its common stock at $1.35 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:09 pm

SAVA

Cassava Sciences has announced significant leadership changes. Rick Barry has been appointed as the Executive Chairman and Principal Executive Officer, while Remi Barbier has resigned from his roles as President, CEO, and Board Member. The company has initiated a search for a new CEO.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:04 pm

AEHR

Aehr Test Systems shares are trading higher following better-than-expected Q4 financial results and FY25 revenue guidance above estimates. The company also announced a stock purchase agreement and $12.7 million in orders for its FOX WaferPak full wafer Contractors.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 11:49 am

HMC

MUFG

TKOMY

Honda Motor Co (NYSE:HMC) has priced its secondary share offering at a 3% discount, raising $3.16 billion. Insurers and financial firms, including Tokyo Marine Holdings Inc. (OTC:TKOMY) and Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG), are selling up to 300 million shares. This move follows regulatory pressure to reduce cross-shareholdings.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 11:45 am

GTES

Gates Industrial shares are trading higher after it was announced the stock will join the S&P SmallCap 600.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 11:40 am

PET

Wag! Group announced the pricing of its underwritten public offering of 7,407,407 shares of its common stock at $1.35 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 11:30 am

VFC

VF Corp announced that the sale of Supreme is expected to be dilutive to its earnings per share (EPS) in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 10:08 am

ANF

GTES

Gates Industrial (GTES) will replace Abercrombie & Fitch (ANF) in the S&P SmallCap 600 index, effective before the market opens on Monday, July 22.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:20 pm