Streetbeat News

Equity Actions

CJET

Chijet Motor Company announced that its shares will trade on a Nasdaq 1-for-30 reverse split adjusted basis starting July 8.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:06 pm

BABA

Alibaba Group Holding Ltd (NYSE:BABA) led a tech rally in Hong Kong, marking its best performance in seven weeks after announcing $5.8 billion in share buy-backs last quarter. Despite differing market views, southbound flows are expected to support the market. Alibaba also became a new shareholder of OceanBase, a database company spun off from Ant Group. However, investor enthusiasm was dampened by slow growth in China's services activity.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 11:57 am

FFWM

First Foundation shares are trading lower after the company announced that affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, and North Reef Capital have agreed to make individual investments aggregating to $228 million in the company.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:56 am

DJT

Trump Media & Technology Group (NASDAQ:DJT) saw a 4% drop in shares after raising over $105 million through warrant exercises. The move, while generating significant cash, risks stock dilution. The company now has over $350 million in cash and no debt. The stock has been volatile due to legal issues involving Trump and recent market events.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 11:15 am

IMRN

Immuron has filed for a mixed shelf offering of up to $15 million, as indicated in their recent 6-K filing.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:10 am

IDCC

InterDigital announced that its 3.50% Senior Convertible Notes due 2027 are convertible during the calendar quarter ending September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 8:04 am

NTLA

PLTR

RXRX

TDOC

TSLA

TWST

Cathie Wood's Ark Invest made significant portfolio adjustments, selling $14.5M worth of Tesla shares and buying Palantir shares. The firm also traded shares of Teladoc Health, Twist Bioscience, Recursion Pharmaceuticals, and Intellia Therapeutics.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 2:26 am

BHR

Braemar Hotels & Resorts will add an independent director to its Board with input from Blackwells, which will become a significant shareholder by purchasing 3.5 million shares of Braemar's stock.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:04 pm

BHR

Braemar Hotels & Resorts and Blackwells Capital have reached a cooperation agreement. As part of the deal, Blackwells will withdraw its proxy solicitation and vote in favor of all company nominees and proposals.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 10:03 pm

AHCO

AdaptHealth has announced key leadership changes. Dale Wolf will become the Chair of the Board effective July 1, 2024, replacing Richard Barasch. CEO Suzanne Foster has joined the Board of Directors as of May 20, 2024. President Josh Parnes will step down from his role on August 31, 2024, and from the Board on December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 9:24 pm