Streetbeat News

Equity Actions

SPIR

Spire Global (SPIR) is set to join the Russell 3000 Index, which could increase its visibility and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:50 am

WAY

Waystar Holding has launched its IPO, offering 45 million shares of common stock at an estimated price between $20.00 and $23.00 per share. The company has applied to list its shares on The Nasdaq Global Select Market under the symbol 'WAY' and plans to use the net proceeds to repay outstanding indebtedness.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:49 am

CNF

CNFinance has increased its share repurchase authorization to $30 million. As of May 27, 2024, the company has already repurchased approximately $18.5 million of its ADSs.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:30 am

TAC

TransAlta announced the renewal of its Normal Course Issuer Bid (NCIB) to repurchase up to 14 million common shares, representing approximately 4.6% of its outstanding shares. The repurchases will be made through open market transactions on the TSX and other Canadian trading systems, and any repurchased shares will be cancelled.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:52 am

GIB

CGI intends to repurchase 2.89 million of its Class A shares from CDPQ at $138.51 per share, which is a discount to the closing price on May 27, 2024. This transaction is part of CDPQ's periodic portfolio rebalancing. Post-transaction, CDPQ will hold approximately 7.15% of CGI's total outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:42 am

CAE

CAE has received regulatory approval for a Normal Course Issuer Bid to repurchase up to 15.9 million common shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:32 am

BOX

ESLT

GIL

GME

HEI

Key stocks to watch today include Box, Gildan Activewear, Elbit Systems, GameStop, and HEICO. Box and HEICO are expected to report earnings, Gildan Activewear has new leadership, Elbit Systems will release earnings, and GameStop completed its equity offering program.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am

WKEY

WISeKey's 2024 Annual General Meeting agenda includes a significant share capital reduction, board restructuring, and various re-elections and elections of board members. The reduction will not affect the company's current equity or involve any distribution to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:47 am

NVDA

SMCI

Following NVIDIA's recent stock split, Super Micro Computer Inc (NASDAQ:SMCI) is speculated to be the next tech giant to consider a stock split. Eric Bleeker of 24/7 Wall St. cites the high stock price, popularity among retail traders, and historical success of stock splits as reasons. Technical indicators present a mixed but generally optimistic outlook for SMCI.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 8:04 pm

TSLA

Glass Lewis, a major proxy advisory firm, has recommended that Tesla shareholders vote against Elon Musk's proposed $56 billion compensation package, citing its excessive size and potential dilutive impact. The advisory firm also opposes moving Tesla's articles of incorporation to Texas and the reelection of board member Kimbal Musk. This recommendation could influence the vote at Tesla's annual meeting on June 13.

Portfolio Pulse from Bibhu Pattnaik

May 26, 2024 | 8:04 pm