Streetbeat News

Equity Actions

SASR

Sandy Spring Bancorp has promoted Charles S. Cullum to Chief Financial Officer, succeeding Philip J. Mantua, who will retire at the end of the year but remain with the company to support the transition.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:31 am

MAC

Macerich has unveiled a comprehensive plan to deleverage its capital structure, invest in key assets, consolidate joint ventures, and improve internal processes. The company aims to achieve a clean FFO/share of ~$1.80 over the next three to four years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:21 am

BCYC

Bicycle Therapeutics has announced a $555 million private placement equity financing through a PIPE deal, involving both new and existing investors. The company will issue and sell 25.933 million American Depositary Shares (ADS) and non-voting ordinary shares at $21.42 per share. The financing is expected to close on May 28, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:16 am

CYTK

Cytokinetics shares are trading lower after the company priced a public offering of common stock, with expected gross proceeds of approximately $500 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:41 am

BABA

Alibaba shares are trading lower following reports that the company is considering a $5 billion convertible bond sale.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:39 am

GFS

GlobalFoundries shares are trading lower following the announcement of a $950 million secondary offering.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:34 am

E

Eni has announced the launch of the first tranche of its new share buyback program, authorized by the Shareholders' Meeting on May 15, 2024. The program will involve up to 6.4 million shares, worth a maximum of €150 million, to support the 2024-2026 Employee Stock Ownership Plan.

Portfolio Pulse from Charles Gross

May 23, 2024 | 10:33 am

DD

DuPont De Nemours shares are trading higher following the announcement of a plan to separate into three publicly traded companies. The company also reaffirmed its Q2 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:33 am

NVDA

NVIDIA shares are trading higher following better-than-expected Q1 2025 financial results and strong Q2 2025 revenue guidance. The company also announced a 10-for-1 forward stock split and an increased quarterly dividend per share on a post-split basis.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:32 am

AJX

Great Ajax Corp has filed for a shelf registration of up to 12 million shares of common stock by selling stockholders, as indicated in their S-3 filing.

Portfolio Pulse from Charles Gross

May 23, 2024 | 10:08 am