Streetbeat News

Equity Actions

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

BEKE

BGNE

JD

JHX

LI

LULU

NDSN

NGG

WBA

XP

The article highlights the worst-performing large-cap stocks for the week of May 19-May 26, 2024. Key reasons for the declines include poor financial results, equity raises, executive resignations, and reduced ownership stakes.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 3:16 pm

GME

Jim Cramer, who previously criticized GameStop (NYSE:GME), now expresses a positive outlook after the company raised $933.4 million through an equity offering. GameStop's stock surged following the announcement.

Portfolio Pulse from Ananya Gairola

May 25, 2024 | 5:49 am

BZFD

CMCSA

Comcast's NBCUniversal sold a significant portion of its stake in BuzzFeed after a stock rally triggered by Vivek Ramaswamy's purchase of a 7.7% stake. Ramaswamy plans to engage with BuzzFeed's board to maximize shareholder value, potentially shifting the company's strategy. NBCUniversal's sale could indicate a plan to exit its position in BuzzFeed.

Portfolio Pulse from Chris Katje

May 24, 2024 | 8:55 pm

GIL

Gildan Activewear has appointed Glenn J. Chamandy as President and CEO, and Michael Kneeland as Non-Executive Chair of the Board, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 8:53 pm

CLRB

Cellectar Biosciences has filed a $300 million mixed securities shelf registration. This move allows the company to offer and sell various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 8:49 pm

GME

GameStop (NYSE:GME) shares are rallying in after-hours trading following the completion of its at-the-market equity offering program, raising $933.4 million. The stock price increase suggests investors see the dilution as complete and shares as undervalued.

Portfolio Pulse from Chris Katje

May 24, 2024 | 8:44 pm