Streetbeat News

Equity Actions

RACE

Ferrari N.V. has announced the purchase of additional common shares under its Euro 250 million share buyback program, part of a larger Euro 2 billion buyback plan expected to be completed by 2026.

Portfolio Pulse from

November 11, 2024 | 3:45 pm

NVDA

Nvidia's inclusion in the Dow Jones Industrial Average (DJIA) may not be bullish, as stocks added to the DJIA often underperform. Historical trends show cyclical stocks are added at highs and deleted at lows. The S&P 500 has outperformed the DJIA since 2010, indicating the DJIA's limitations.

Portfolio Pulse from

November 11, 2024 | 3:30 pm

SRV

The NXG Cushing Midstream Energy Fund (SRV) has a rights offering deadline on Nov. 12, with a subscription price set at 89% of the current NAV if unchanged by Nov. 14. Past offerings have shown significant price volatility.

Portfolio Pulse from

November 11, 2024 | 3:30 pm

CARV

Dream Chasers, holding 9.7% of Carver Bancorp shares, urges shareholders to support two new board nominees, citing a significant stock price decline under current directors. They recommend voting for Jeffrey Anderson and Jeffrey John Bailey to improve profitability.

Portfolio Pulse from

November 11, 2024 | 2:15 pm

KWE

KWESST Micro Systems Inc. plans to issue 119,047 common shares at a discounted price to settle a $100,000 debt with a company controlled by its Executive Chairman, David Luxton.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

STM

STMicroelectronics has announced the status of its common share repurchase program for the period from November 4 to November 8, 2024. The company is a global leader in semiconductors.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

DVAX

Dynavax Technologies Corporation has announced a $100 million Accelerated Share Repurchase program in collaboration with Goldman Sachs, aiming to buy back its common stock.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

ALT

Altimmune, Inc. has granted equity awards to its new CFO, Gregory Weaver, as part of its 2018 Inducement Grant Plan, in compliance with Nasdaq Listing Rule 5635(c)(4).

Portfolio Pulse from

November 11, 2024 | 12:45 pm

RVYL

RYVYL Inc. has signed a Memorandum of Understanding with an investor to retire its 8% Senior Convertible Note and Series B Convertible Preferred Stock, valued at $19 million and $53.5 million respectively.

Portfolio Pulse from

November 11, 2024 | 12:15 pm

XANAF

Xanadu Mines Ltd has completed a $5.5 million equity placement, issuing 100 million shares at $0.055 each to sophisticated investors. The placement was led by Bell Potter Securities and Ord Minnett Limited. The company has complied with relevant legal provisions and there is no excluded information required to be disclosed.

Portfolio Pulse from

November 11, 2024 | 12:15 pm