Streetbeat News

Equity Actions

VIA

Via Renewables Inc. has released merger information through Nasdaq, with the anticipated last trading date set for June 11.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:32 pm

DM

Desktop Metal (DM) has announced a 1-for-10 reverse stock split, with trading on a split-adjusted basis beginning on June 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:29 pm

WAY

Waystar Holding's IPO shares opened for trade at $21 per share, slightly below the IPO price of $21.50 on 45 million shares.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:42 pm

WAY

Waystar Holding has set its IPO price at $21.50 per share, with 45 million shares being offered. This pricing indicates a strong market interest in the company.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:13 pm

ASXC

FFIE

GERN

GME

LFLY

TPHS

VERO

GameStop shares fell over 22% after releasing worse-than-expected Q1 results and filing to sell up to 75 million shares. The company reported net sales of $881.8 million, missing the consensus estimate of $995.3 million, and a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share. Other stocks moving significantly include Trinity Place Holdings, Leafly Holdings, Venus Concept, Asensus Surgical, Faraday Future, Geron Corporation, and more.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 5:07 pm

WBA

Walgreens has decided to shelve its plans for an IPO of its Boots unit amid ongoing sale discussions.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:59 pm

WAY

Waystar Holding has set its IPO price at $21.50 per share, slightly below the indicative price of $21.75, with 45 million shares being offered.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:54 pm

CYD

China Yuchai International Limited (NYSE:CYD) shares are trading higher after the company announced a share repurchase plan of up to $40 million or 4 million shares. The repurchase will be funded from operating cash flow and existing cash balance. Additionally, the company approved two equity incentive plans for its Chinese subsidiaries. CYD shares rose by 8% to $9.11 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2024 | 4:47 pm

LFMD

LifeMD has filed for a mixed shelf offering of up to $150 million, which includes $53.3 million under a sales agreement prospectus.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:44 pm

DIA

NVDA

Nvidia Corporation (NASDAQ: NVDA) is undergoing a 10-for-1 stock split, effective after market close on Friday. The split aims to make shares more accessible to employees and investors, with trading on a split-adjusted basis starting Monday, June 10. Historically, Nvidia's stock splits have shown minimal immediate returns. The split could also be a precursor to Nvidia's inclusion in the Dow Jones Industrial Average, potentially replacing Intel Corporation. Nvidia's stock split might impact the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA).

Portfolio Pulse from Chris Katje

June 07, 2024 | 4:26 pm