Streetbeat News

Equity Actions

GME

GameStop Corp (NYSE:GME) has completed a $2.14 billion share sale, raising questions about the funding source from Keith Gill, also known as 'Roaring Kitty.' Ross Gerber, CEO of Gerber Kawasaki Wealth, expressed concerns about the transaction. Despite the controversy, some analysts, including Jim Cramer, see GameStop's strong cash position as a positive development. The stock closed at $25.46, down 16.50%, but rose to $26.00 in after-hours trading.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 5:45 am

TSLA

Elon Musk announced that Tesla's shareholder resolutions, including his new compensation plan and the move of Tesla's corporate headquarters to Texas, are passing by wide margins. The resolutions are part of the 2024 Tesla Inc shareholders meeting. The meeting will be held at Tesla's gigafactory in Texas and livestreamed on YouTube. The new compensation plan requires Musk to hold shares for five years and aims to increase his stake in Tesla from 13% to 25%. Tesla's stock closed at $177.29, up 3.88% for the day.

Portfolio Pulse from Kaustubh Bagalkote

June 13, 2024 | 3:29 am

ARCT

HOOD

MKFG

PD

TDOC

VERV

ZM

Ark Invest, led by Cathie Wood, made significant trades involving Robinhood Markets Inc (HOOD) and Zoom Video Communications Inc (ZM). The firm sold $1.5M worth of Robinhood shares and $3.3M worth of Zoom shares. Additionally, Ark Invest made trades in Markforged Holding Corp (MKFG), PagerDuty Inc (PD), Arcturus Therapeutics Holdings Inc (ARCT), Teladoc Health Inc (TDOC), and Verve Therapeutics Inc (VERV).

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 3:22 am

CANQF

GHBWF

JUSHF

PLNH

The article discusses recent leadership changes and appointments in the cannabis industry, including new leaders at the New York Office of Cannabis Management, board changes at Jushi Holdings Inc., Planet 13 Holdings Inc., and Glass House Brands Inc., and strategic additions to CanaQuest Medical Corp's executive team.

Portfolio Pulse from Jelena Martinovic

June 13, 2024 | 1:47 am

MAS

Masco has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 2 million shares at $64.00 per share, which is 4.68% lower than the closing price of $67.14 on June 10, 2024. Masco urges shareholders to reject the offer.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:23 pm

SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) announced a 1-for-20 reverse stock split to meet NYSE listing requirements. The stock will trade on a split-adjusted basis starting June 17. Shares fell 20.17% after-hours following the announcement.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:50 pm

JILL

J.Jill shares are trading lower following the company's announcement of a proposed public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:35 pm

SPCE

Virgin Galactic shares are trading lower after the company announced it will effect a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:34 pm

SPCE

Virgin Galactic's board has approved a 1-for-20 reverse stock split, effective June 14, 2024, after market close. Split-adjusted trading will begin on June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:32 pm

ARES

Ares Management has announced the launch of a public offering of 2.65 million shares of Class A common stock, with an option for underwriters to purchase an additional 397,500 shares. The proceeds will be used for general corporate purposes, including debt repayment, strategic acquisitions, and growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:27 pm