Streetbeat News

Equity Actions

CASK

Heritage Distilling Holding Company, Inc is set to IPO on November 1st on NASDAQ under the ticker CASK, with shares priced between $4.50 and $5.50. The insider lock-up period will last until April 30, 2025.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 3:00 pm

BUD

Anheuser-Busch Inbev (NYSE:BUD) reported Q3 earnings that beat expectations but saw a decline in global beer volumes. Despite a 2.1% top-line growth and a 7.1% increase in EBITDA, shares fell 5.9% due to missed sales estimates and volume declines. The company announced a $2 billion share buyback and raised its 2024 EBITDA growth outlook.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 2:37 pm

TK

Teekay shares rise following the announcement of a $40 million share repurchase program and a one-time special cash dividend of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:34 pm

CWH

Camping World shares declined following the announcement of a $300 million stock offering, with 14.6 million shares priced at $20.50 each.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:32 pm

ENVX

Enovix shares declined following the announcement of a $100 million public offering of 10,416,667 common shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:28 pm

GTES

Gates Industrial has announced a secondary offering of 11.64 million shares priced at $19.40 each. The shares are being sold by Blackstone affiliates, and Gates Industrial will not receive any proceeds from this sale. The transaction is expected to close on November 5.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:09 pm

CALC

CalciMedica's stock is trading lower following the announcement of a $10.2 million common stock offering.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:45 pm

PLBY

PLBY Group shares rose following an equity investment by Byborg Enterprises SA, which purchased 14.9 million shares at $1.50 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:43 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) announced a $3M registered direct offering, selling shares and warrants at $0.3039 each. The offering is expected to close by October 31, 2024, with potential additional proceeds of $6M if warrants are exercised. Funds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:37 pm

CME

MU

TROW

VRTX

Jim Cramer recommends buying Vertex Pharmaceuticals, CME Group, and T. Rowe Price Group, while advising against selling Micron Technology. Vertex's price target was slightly lowered by Oppenheimer. CME reported strong earnings, and Micron announced board changes.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 12:34 pm