Streetbeat News

Equity Actions

BTOC

Shares of Armlogi were halted on a circuit breaker shortly after the stock opened for trade, indicating a significant price movement that triggered the halt.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:59 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after announcing a private debt-for-equity deal, exchanging 13.1 million shares for $19.8 million of its 5.25% Convertible Senior Notes due June 1, 2024, effectively clearing these notes from its obligations. Additionally, Tilray's subsidiary Breckenridge Brewery, in collaboration with 97.3 KBCO (iHeartMedia-Denver), announced an upcoming charity concert event.

Portfolio Pulse from Adam Eckert

May 14, 2024 | 2:54 pm

VOD

Vodafone Group's sale of its Spanish operations has been approved, with plans to initiate a €2 billion share buyback program. The initial phase of the buyback, amounting to €500 million, is set to begin on 15 May 2024. The completion of the sale is anticipated by the end of May 2024.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:38 pm

CTNT

Cheetah Net Supply Chain Service's shares are trading higher after the company announced the pricing of a follow-on offering, aiming to raise gross proceeds of $8.19 million.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:02 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has been the subject of diverse analyst ratings over the last three months, with a total of 13 analysts offering opinions ranging from bullish to bearish. Recent updates show a shift towards a more positive outlook, with the average 12-month price target for BJ's stock rising to $81.62 from $77.00, a 6.0% increase. Analyst actions include both upgrades and downgrades, with price targets ranging from $62.00 to $92.00. The company has shown solid financial performance, including revenue growth of 8.68% as of January 31, 2024, a net margin of 2.72%, and an ROE of 10.37%, despite a high debt-to-equity ratio of 2.05.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:02 pm

SPSC

SPS Commerce (NASDAQ:SPSC) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for SPSC has been raised to $207.67, indicating a positive outlook from analysts. Key financial indicators show SPS Commerce with strong revenue growth, net margin, ROE, and ROA, alongside low debt levels, suggesting a robust financial performance.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:01 pm

TSCO

Tractor Supply (NASDAQ:TSCO) has seen varied analyst ratings over the last quarter, with a general upward trend in price targets, reflecting a positive outlook. The average 12-month price target is $269.81, marking a 6.07% increase from the previous average. Analyst actions, including upgrades and maintained ratings, suggest a bullish sentiment, despite a mix of ratings. Tractor Supply's financial performance shows strong revenue growth, net margin, ROE, and ROA, but a higher debt-to-equity ratio indicates financial risk.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:00 pm

TRNO

Recent analyst ratings for Terreno Realty (NYSE:TRNO) show a mix of bullish and neutral perspectives, with an updated average 12-month price target of $66.14, reflecting a 4.44% increase from the previous target. Analyst actions include ratings adjustments and price target changes by firms such as Goldman Sachs, JMP Securities, Mizuho, Wedbush, Barclays, and Piper Sandler. Terreno Realty, a real estate investment trust, has demonstrated strong financial performance with notable revenue growth, net margin, ROE, and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:00 pm

MULN

Mullen Automotive, Inc. (MULN) has secured a $150 million financing package, comprising a $100 million commitment from a family office and $50 million in senior secured convertible notes sold to family offices and high net worth investors. This funding will support Mullen and Bollinger Motors' operations and expansion of domestic and international commercial sales efforts for the next 13 months, including the production of the Bollinger Motors B4 vehicle.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 1:17 pm

MULN

Mullen Automotive's stock is trading higher following a significant capital infusion totaling $150 million, which includes a $100 million financing commitment from a family office.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 1:16 pm