Streetbeat News

Equity Actions

FRME

First Merchants Corporation announced the appointment of Jean L. Wojtowicz as the new Chair of the Board of Directors for both First Merchants Corporation and First Merchants Bank, effective May 7, 2024. She succeeds Charles E. Schalliol, who is retiring after 17 years in the role. Wojtowicz, with 20 years on the board and a background in financial management as the founder and President of Cambridge Capital Management Corporation, is set to focus on navigating the financial landscape to ensure long-term stability and growth for stakeholders.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:03 pm

WAT

Waters Corporation (NYSE:WAT) has been analyzed by four financial analysts, showing a shift towards a more cautious stance over the last quarter with three indifferent and one somewhat bearish rating. The 12-month price targets suggest a bullish outlook with an average target of $321.00, up from $311.00, indicating a 3.22% increase. Analyst actions include both raises and lowers in ratings and price targets, reflecting varied perspectives on the company's performance and market conditions. Waters's financial overview highlights challenges such as a -4.55% revenue decline and a high debt-to-equity ratio, yet also points to strong profitability metrics like a 26.38% net margin and a 21.03% ROE.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:00 pm

SYM

Symbotic's (NYSE:SYM) short interest has increased by 4.43% since the last report, with 7.82 million shares sold short, representing 21.47% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.67%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:45 pm

REYN

Reynolds Consumer Products has filed for an automatic mixed securities shelf, according to an SEC filing. This move allows the company to issue various types of securities, such as stocks, bonds, or warrants, over time. The filing is a common financial strategy for companies looking to raise capital flexibly.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:21 pm

JANX

Janux Therapeutics Inc has filed for a mixed shelf offering according to a recent SEC filing. This move allows the company to sell various types of securities to investors over time.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:16 pm

DEA

Easterly Government Properties, Inc. (NYSE:DEA), a REIT focused on properties leased to the U.S. Government, announced the acquisition of two assets leased to the Department of Homeland Security in Orlando, totaling 77,260 square feet. Following this acquisition, Easterly has raised its 2024 Core FFO per share guidance to $1.15-$1.17. The updated guidance reflects anticipated acquisitions and investments, including a joint venture in Jacksonville and significant development-related investment.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:11 pm

SYTA

Siyata Mobile Inc. announced a public offering of $4M in common shares and/or pre-funded warrants at $1.30 per share. The proceeds are intended for working capital, general corporate purposes, marketing, and potential future acquisitions. CEO Marc Seelenfreund highlighted the company's traction in US sales and its goal to lead the Push-to-Talk over Cellular market. Spartan Capital Securities, LLC is the sole placement agent for the offering, expected to close on May 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:08 pm

SCOR

Four analysts have recently updated their evaluations of comScore (NASDAQ:SCOR), showing a mix of bullish and indifferent stances. The average 12-month price target for SCOR has been adjusted to $22.75, marking a 6.49% decrease from previous estimates. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting a nuanced view of comScore's market position and future prospects. Despite challenges in revenue growth, net margin, and ROE, comScore's lower debt-to-equity ratio suggests a conservative financial approach.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

CMG

Chipotle Mexican Grill's (CMG) short interest has increased by 15.88% since the last report, with 874 thousand shares sold short, representing 3.21% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 10.39%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

MAX

MediaAlpha's stock trades lower following the announcement of a secondary public offering of 6.6 million shares by White Mountains Insurance Group and Insignia Capital Group, priced at $19 per share.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:36 pm