Streetbeat News

Equity Actions

FDX

FedEx Corp (NYSE:FDX) shares are trading higher after reporting better-than-expected Q4 financial results and announcing a $2.5 billion stock repurchase plan. The company beat revenue and EPS estimates, with significant improvements in FedEx Ground and FedEx Freight operations. Multiple analysts raised their price targets for FedEx following the earnings report.

Portfolio Pulse from Adam Eckert

June 26, 2024 | 2:33 pm

CGNT

Cognyte Software's 13D filing reveals that Ido Nouberger has reported a 9.41% stake in the company as of June 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:17 pm

TSHA

Taysha Gene Therapies (NASDAQ:TSHA) announced a $75M public offering of 14,361,113 shares at $2.25 per share. The offering includes pre-funded warrants and an option for underwriters to purchase an additional 15% of shares. The offering is expected to close on June 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:19 pm

RELI

Reliance Global Group, Inc. (NASDAQ:RELI) announced a 1-for-17 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will take effect on June 28, 2024, and the stock will trade on a split-adjusted basis starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:18 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) shares began trading on a split-adjusted basis following a 50-for-1 stock split. This move aims to make the stock more accessible to employees and a broader range of investors. The stock saw increased attention in early trading, with shares up 0.21% at $65.80.

Portfolio Pulse from Adam Eckert

June 26, 2024 | 1:16 pm

ORMP

Oramed Pharmaceuticals has authorized a $20 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:09 pm

SGH

SMART Global Holdings has appointed Nate Olmstead as Senior Vice President and Chief Financial Officer. This leadership change is expected to bring new strategic direction to the company's financial operations.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:06 pm

NUWE

Nuwellis, Inc. (NUWE) has announced a 1-for-35 reverse stock split, which will consolidate every 35 shares of its common stock into one share. This move is aimed at regaining compliance with the Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:46 pm

ALUR

Allurion has announced an underwritten public offering of up to $20 million in common stocks and warrants.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:36 pm

DMAC

DiaMedica Therapeutics Inc. (NASDAQ:DMAC) announced an $11.8 million private placement, issuing 4.72 million common shares at $2.50 per share. The transaction is expected to close around June 28, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:17 pm