Streetbeat News

Equity Actions

RY

Royal Bank of Canada (RY) has announced its intention to commence a normal course issuer bid to repurchase and cancel up to 30 million of its common shares.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:03 am

BWLP

BW LPG Limited reported a strong Q1 performance with an EPS of $1.07, a daily TCE of USD 61,500, and a NPAT of USD 150 million. The company declared a Q1 cash dividend of USD 1.00 per share. BW LPG also announced a multi-year cargo contract with Enterprise Product Partners and successfully listed on the NYSE on 29 April 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:47 am

GIL

Gildan Activewear has received approval from the Toronto Stock Exchange to amend its Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float, or approximately 17.12 million common shares. This is an increase from the previous limit of 5%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:19 am

DIS

Activist investor Nelson Peltz has sold his entire $1 billion stake in Disney after losing a proxy battle. Peltz had been critical of Disney's governance and streaming strategy. Disney's stock closed 1.52% lower following the news.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 7:07 am

MNST

Monster Beverage Corporation (NASDAQ:MNST) has amended its Dutch auction tender offer to repurchase up to $3 billion of its common stock, waiving the financing condition. The offer will expire on June 5, 2024, unless extended or terminated earlier.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:03 am

BRKR

Bruker Corporation has announced the pricing of a public offering of 6 million shares of common stock. The company plans to use the proceeds to reduce its debt, particularly to repay part of its outstanding borrowings under a revolving credit agreement.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:21 am

MRUS

Merus has priced an upsized public offering of 7.55 million common shares at $53 per share, expecting to raise approximately $400.2 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:15 am

HESM

Hess Midstream (HESM) has priced a secondary public offering of 10 million Class A shares. The company will not receive any proceeds from this sale. The offering is expected to close on May 31, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:10 am

AMD

HOOD

MRNA

PLTR

Ark Invest, led by Cathie Wood, made significant trades involving Robinhood Markets, Moderna, Palantir Technologies, and Advanced Micro Devices. Ark reduced its holdings in Robinhood and Moderna while increasing its positions in Palantir and AMD.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 2:57 am

FGBI

First Guaranty Bancshares announced that Alton Lewis will retire as President and CEO in May, with Michael Mineer set to take over the roles. Lewis will remain involved as Vice Chairman of the Holding Company and Bank Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:59 pm