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Equity Actions

LUV

Southwest Airlines shares are trading lower after a spike on Monday when Elliott disclosed a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:17 pm

CJJD

China Jo-Jo Drugstores shares are trading lower following the announcement of a $3.37 million registered direct offering of 1.98 million shares at $1.70 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:13 pm

TPL

Texas Pacific Land shares are trading higher following the announcement that the company will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:11 pm

E

ENI has initiated the sale of 10% of Saipem's share capital. The shares being sold are not part of the existing shareholders' agreement between ENI and CDP.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:07 pm

BNED

Barnes & Noble Education Inc (BNED) shares dropped by 29.6% to $0.09 after announcing equity and refinancing transactions, new leadership changes, and a 1-for-100 reverse stock split. The company raised over $100 million in new equity, converted $34 million in debt to shares, and extended a $325 million loan facility. The reverse split aims to meet NYSE's minimum bid price requirement.

Portfolio Pulse from Henry Khederian

June 11, 2024 | 3:55 pm

KITT

Nauticus Robotics has filed with the SEC to offer and sell shares of common stock worth up to $8.4 million through or to Wainwright.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

BNED

Barnes & Noble Education shares are trading lower following the announcement of a 1-for-100 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:28 pm

PCSC

Perceptive Capital Solutions Corp (NASDAQ:PCSC) is set to IPO on June 12 on the NASDAQ exchange with shares priced at $10.00 each. The company is a blank check company aiming for a business combination. An insider lock-up period will last until December 09, 2024.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 3:00 pm

MGRC

WSC

McGrath RentCorp (NASDAQ:MGRC) has scheduled a special meeting of shareholders for July 11, 2024, to vote on its proposed acquisition by WillScot Mobile Mini (NASDAQ:WSC).

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:50 pm

CNQ

Scotiabank analyst Jason Bouvier maintains a Sector Perform rating on Canadian Natural Resources (NYSE:CNQ) and adjusts the price target to C$57 to reflect a 2-for-1 share split.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:39 pm