Streetbeat News

Equity Actions

GME

Citron Research has closed its short position in GameStop (NYSE:GME), citing respect for the market's irrationality despite not being bullish on the company's fundamentals. GameStop's stock surged by 22.80% following the news. The company has a strong cash position and has raised significant capital through share sales, although concerns remain about its revenue growth strategies.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 1:45 pm

PCSC

Perceptive Capital Solutions Corp (PCSC) has announced the pricing of its $75 million IPO, offering 7.5 million Class A ordinary shares at $10 per share. The shares will be listed on Nasdaq under the ticker symbol 'PCSC' starting June 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:41 pm

FITB

Fifth Third Bancorp has entered a new share repurchase agreement with Morgan Stanley, planning to buy back approximately $125 million of its outstanding common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:17 pm

MMS

Maximus has announced that its board has approved an expansion of its stock purchase program up to $200 million, which includes approximately $6 million remaining from the existing program.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:15 pm

TTWO

Take-Two Interactive Software, Inc. (TTWO) has announced the pricing of a 2,830,084 share offering by Embracer Group at $154.50 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:14 pm

TNXP

Tonix Pharmaceuticals has announced a public offering of 3,753,558 shares of common stock at a price of $1.065 per share, raising $4 million.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:04 pm

GFL

ADW Capital Management has sent a letter to the board of GFL Environmental, urging them to initiate a strategic review process. This move is aimed at enhancing shareholder value and exploring potential opportunities for the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:03 pm

CNM

Core & Main has announced that its Board of Directors has authorized a $500 million share repurchase program. This move is aimed at enhancing shareholder value and reflects the company's strong financial position.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:01 pm

TNXP

Tonix Pharmaceuticals shares are trading lower following the announcement of a proposed public offering.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:59 pm

TSLA

The Florida State Board of Administration has endorsed a $56 billion pay package for Tesla CEO Elon Musk, citing the plan's well-structured design. However, the board voted against the nomination of Tesla director Kimbal Musk and the company's move to Texas.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:58 pm