Streetbeat News

Equity Actions

TNP

Tsakos Energy Navigation announced the sale of the Aframax tanker Izumo Princess, adding approximately $37 million to the company's cash balances. This strategic move is expected to enhance the company's liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:08 pm

NIVF

NewGenIvf (NIVF) has signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings (EWIHL), issuing 53.6 million of its ordinary shares at $5/share, totaling $268 million, for 100% equity interest in EWIHL. Additionally, NewGen plans to raise $30 million from shareholders in a manner agreeable to both parties.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:04 pm

VSH

Mountaineer Partners has formally requested the board of Vishay Intertechnology (VSH) to implement a $600 million stock buyback program, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:04 pm

RF

Six analysts have recently updated their ratings on Regions Financial Corp (NYSE:RF), showing a mix of sentiments but a general trend towards maintaining a neutral stance. The latest updates include changes in price targets, with the average 12-month price target now at $22.67, reflecting a 9.68% increase from the previous $20.67. Despite a -7.23% decline in revenue growth and a net margin below industry averages, Regions Financial's strong ROE and ROA, along with a low debt-to-equity ratio, suggest a solid financial foundation.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:01 pm

CDTX

Cidara Therapeutics, Inc. (CDTX) announced a 1-for-20 reverse stock split effective April 23, 2024, after market close, with trading on a split-adjusted basis starting April 24, 2024. This decision follows stockholder approval and aims to reduce the number of outstanding shares and adjust the conversion and exercise prices of preferred stock, stock options, and warrants accordingly.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:50 pm

FGF

Fundamental Global (FGF) has completed the sale of the Digital Ignition building and its wholly owned subsidiary for $6.5 million. This strategic move could indicate a shift in the company's focus or a reallocation of resources for future investments.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:35 pm

GL

PAGS

XP

The article highlights the top 3 financial stocks considered oversold and potentially undervalued: Globe Life Inc. (GL), PagSeguro Digital Ltd. (PAGS), and XP Inc. (XP). Oversold status is determined by the RSI, a momentum indicator, with these stocks having RSIs near or below 30, suggesting a potential for short-term performance improvement. Globe Life is anticipated to release Q1 earnings soon, PagSeguro received an upgrade from Evercore ISI Group, and XP announced a new share repurchase program.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 12:34 pm

CSLR

Complete Solaria's stock (CSLR) is experiencing an uptick in trading, driven by recent market volatility. Chairman T.J. Rodgers has demonstrated his confidence in the company by converting $5 million of his debt into equity.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:25 pm

C

Giacomo Ciampolini, a key figure at Citigroup, is stepping down after an 8-year tenure, as reported by Bloomberg. This departure could signal a shift in leadership dynamics within the company, potentially impacting its strategic direction and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:21 pm

VAXX

Vaxxinity's shares are trading lower following the company's announcement of its intention to voluntarily delist and deregister its Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:16 pm