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Equity Actions

WKSP

Worksport Ltd. (NASDAQ:WKSP, WKSPW) released a memo to shareholders highlighting its undervalued status and projecting significant growth in 2024. The company, specializing in hybrid and clean energy solutions for light trucks, emphasized its strong patent portfolio, state-of-the-art facility, and upcoming product launches, including the SOLIS solar cover and COR portable energy storage system. Worksport anticipates substantial revenue growth from these innovations and has seen positive B2C and B2B sales momentum. Additionally, its subsidiary, Terravis Energy, Inc., is developing a groundbreaking heat pump technology, with the company also pursuing several multi-million-dollar grants to support further growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:11 pm

BTM

Bitcoin Depot announced a strategic investment from Sopris Capital, with the purchase of 2.906 million Class A common shares, making Sopris one of its largest independent shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:06 pm

UNP

Union Pacific announced it will resume share repurchases in the second quarter. This decision could signal confidence in the company's financial health and future prospects, potentially impacting its stock price positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:46 am

REGN

Regeneron Pharmaceuticals and Mammoth Biosciences have entered into a partnership to develop next-generation CRISPR-based gene editing therapies for multiple diseases. Mammoth will receive a total of $100 million upfront, including a $95 million equity investment from Regeneron, with potential future payments up to $370 million per target, plus royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:28 am

CDTX

Cidara Therapeutics' stock price increased following the announcement of the divestiture of rezafungin to Mundipharma, the reacquisition of global development and commercial rights to CD388, and securing $240 million in private placement financing.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:13 am

DB

Deutsche Bank announced its Q1 financial metrics, including a Common Equity Tier 1 Capital Ratio of 13.4%, a stable leverage ratio of 4.5%, and a 10% decrease in provision for credit losses to €439 million from the previous quarter's €488 million. The bank also reaffirmed its full-year credit loss guidance at the higher end of the 25-30 basis points range.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:48 am

TAL

TAL Education's Board of Directors has decided to extend the share repurchase program, initially launched in April 2021, for an additional 12 months. This move indicates the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:17 am

BCS

Barclays has reiterated its financial targets for 2024 and 2026, aiming for a RoTE of over 10% in 2024 and 12% in 2026. The bank plans to return at least £10bn to shareholders through dividends and buybacks, maintaining a stable total dividend with growth in dividend per share. It targets a Group NII of approximately £10.7bn in 2024, with Barclays UK contributing about £6.1bn. The bank also aims for a cost-income ratio of around 63% in 2024, with £1bn in efficiency savings, and high 50s by 2026 with £2bn in savings. Impairment levels are expected to be 50-60bps, and the CET1 ratio target is set at 13-14%. Regulatory changes are anticipated to impact RWAs at the lower end of a 5-10% increase.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:22 am

RBRK

Rubrik has priced its upsized initial public offering (IPO) of 23.5 million Class A common shares at $32 per share.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:37 am

EQNR

Equinor announces the second tranche of its 2024 share buy-back programme, planning to purchase shares for up to $528 million in the market. This tranche, totaling up to $1.6 billion including shares to be redeemed from the Norwegian State, will conclude by 22 July 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:18 am