Streetbeat News

Equity Actions

MEI

Methode Electronics has appointed Jon DeGaynor as its new President and CEO, effective July 15, 2024. DeGaynor will succeed Kevin Nystrom, who has been serving as interim CEO since May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:05 pm

AIRC

BX

AIR Communities' stockholders have approved the acquisition by Blackstone Real Estate for $39.12 per share. The acquisition is expected to be completed by June 28, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:02 pm

GRUSF

Grown Rogue International Inc. (CSE:GRIN, OTC:GRUSF) is reorganizing its share capital to maintain its foreign private issuer status in the US. This move aims to defer additional reporting obligations and focus on operational goals, including new assets in New Jersey and Illinois. The reorganization will redesignate common shares as subordinate voting shares and create a new class of unlisted multiple voting shares. The record date is June 26, 2024, and the reorganization will be effective on June 27, 2024.

Portfolio Pulse from Nina Zdinjak

June 25, 2024 | 7:36 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower after a 1-for-30 reverse stock split and the filing of a prospectus for the offering of up to 23.89 million shares. The company faces challenges including a multi-billion dollar lawsuit from its founder and pending removal from the Russell 3000 Index.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 5:17 pm

ONON

Investor Business Daily's SwingTrader has sold its position in On Holding (ONON). This move could indicate a bearish sentiment towards the stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:37 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has executed a 50-for-1 stock split, reducing its share price from around $3,300 to about $65-$70. Jim Cramer recommends holding the stock, while Michael Khouw discusses the impact on options trading. Reddit users are also strategizing on how to leverage the split.

Portfolio Pulse from Surbhi Jain

June 25, 2024 | 4:29 pm

AVGO

Stephanie Link announced on CNBC that she has trimmed her position in Broadcom (AVGO).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:26 pm

NKLA

Nikola shares are trading lower after the company implemented a 1-for-30 reverse stock split. The stock was halted on Monday and resumed trading on June 25.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:21 pm

YYAI

Connexa Sports Technologies Inc. (NASDAQ:YYAI) announced a 1-for-20 reverse stock split, effective June 27, 2024. The stock will trade on a reverse split-adjusted basis starting that day.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:06 pm

TM

Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, reducing its stakes in companies like ANA Holdings, Japan Airlines, and East Japan Railway to zero. The market is closely watching Toyota's cross-shareholding activities.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:26 pm