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Equity Actions

VINC

Vincerx Pharma, Inc. (NASDAQ:VINC) has announced a proposed underwritten public offering of its common stock and warrants, including pre-funded warrants for certain investors. The offering's completion, size, and terms are subject to market conditions, with Leerink Partners serving as the sole bookrunning manager.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:21 pm

JOANQ

Joann Inc. has received court approval for its prepackaged recapitalization plan, a significant step in restructuring its finances. This approval will allow Joann to reorganize its debt and equity structure, aiming to improve its financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:21 pm

WDC

Western Digital forecasts Q4 2024 EPS of $0.90-$1.20, surpassing the $0.84 estimate, with revenue expectations of $3.6B-$3.8B against a $3.69B estimate. The company anticipates a gross margin of 31.5%-33.5% on a GAAP basis and 32%-34% on a Non-GAAP basis, with operating expenses between $770M-$800M (GAAP) and $670M-$690M (Non-GAAP). Interest and other expenses are expected to be around $105M, with Non-GAAP income tax expenses projected at $30-$40M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:11 pm

TEAM

Atlassian announced that Scott Farquhar will step down as Co-CEO, impacting the leadership structure of the company.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:07 pm

GOOG

GOOGL

Alphabet's board has approved an additional $70 billion share repurchase program for both Class A and Class C shares, signaling confidence in the company's financial health and future prospects. This move is likely to positively impact investor sentiment and could lead to an increase in stock prices for both types of shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:04 pm

TRMK

Trustmark (NASDAQ:TRMK) received mixed analyst ratings with an upward trend in price targets, indicating a positive outlook. Four analysts provided ratings, with a shift towards a more bullish perspective in the last 30 days. The average 12-month price target was raised to $32.25, reflecting an 8.7% increase from the previous target. Analysts from DA Davidson, Keefe, Bruyette & Woods, Truist Securities, and Piper Sandler adjusted their ratings and price targets, showing confidence in Trustmark's performance despite its challenges in market capitalization, revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:03 pm

SLM

Recent analyst insights on SLM (NASDAQ:SLM) show a mix of bullish and indifferent stances, with no bearish views. Over the last three months, the sentiment has shifted positively, with the average 12-month price target for SLM rising to $24.4, a 7.02% increase from the previous $22.80. Analysts from JP Morgan, RBC Capital, Wedbush, and Wells Fargo have raised their price targets, reflecting optimism about SLM's financial performance, including significant revenue growth, high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:00 pm

PARA

PARAA

Skydance Media and its private equity backers are planning to finalize a deal with Paramount Global by May, which will see Skydance valued at around $5B and merged with Paramount Global. David Ellison is set to become CEO of Paramount Global, with Jeff Shell as President. The deal involves raising approximately $4.5B-$5B in new equity.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:46 pm

ISUN

iSun, Inc. (NASDAQ:ISUN) announced the rescission of the previously approved reverse stock split, citing the decision as beneficial for the company and its shareholders based on market conditions and financial performance outlook. CEO Jeff Peck emphasized the commitment to shareholder value, strategic initiatives, and long-term value delivery. The company's outstanding shares will remain unaffected, and iSun will continue focusing on its core business objectives.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:41 pm

RTX

Financial analysis of RTX's options market reveals a bearish sentiment among investors, with 64% showing bearish tendencies and 28% bullish. Significant trading activity targets a price range of $80 to $120. Recent trades include both puts and calls, with notable bearish and neutral sentiments. RTX, a major aerospace and defense company, has seen its stock price increase by 0.76% to $101.79. Analysts have mixed ratings on RTX, with an average target price of $111.8. The next earnings report is expected in 89 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm