Streetbeat News

Equity Actions

EGP

Analysts have mixed views on EastGroup Props (NYSE:EGP), with recent ratings ranging from 'Somewhat Bullish' to 'Indifferent'. The average 12-month price target for EGP is $188.86, reflecting a 2.22% increase from the previous target. The company's financial health is strong, with significant revenue growth, high net margin, and effective debt management. EGP operates in the industrial real estate sector in Sunbelt markets, showing robust performance compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 12:00 pm

EXPR

Express Inc (OTC:EXPR) has filed for Chapter 11 bankruptcy and plans to close about 95 Express retail stores and all UpWest stores. The company received $35 million in new financing from its lenders and $49 million from the IRS related to the CARES Act. A consortium led by WHP Global has shown interest in buying a majority of Express's retail stores and operations. Mark Still has been appointed as the new CFO. Express's shares fell by 9.09% to $0.70.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 11:23 am

CAN

Canaan Inc. shares are experiencing an uptick following the announcement by company executives of their plans to buy back $2 million worth of the company's shares. This move is often seen as a sign of confidence by the company's leadership in its future prospects, potentially leading to increased investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:18 am

GRYP

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a leading bitcoin mining company with a 100% renewable energy certification and a negative carbon strategy, has announced a new share buyback program. The program, authorized by its Board of Directors, permits the repurchase of up to $5 million of its common stock. Additionally, the company has successfully completed its machine upgrade program ahead of schedule, signaling operational efficiency and a commitment to growth.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am

PSTV

Plus Therapeutics announced it now has $23 million in active awards to support its targeted radiotherapeutic pipeline, indicating strong financial backing and potential for accelerated development in its specialized medical treatments.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:00 am

GIL

Gildan Activewear announced a board refreshment, appointing Tim Hodgson as the Independent/Non-Executive Chair effective May 1, 2024. This strategic move aims to strengthen the company's governance and leadership.

Portfolio Pulse from Charles Gross

April 22, 2024 | 9:06 am

CSLR

Complete Solaria, under short attack, receives backing from its Chairman T.J. Rodgers and retail investors. Rodgers converted $5 million of his CSLR debt to equity, showing his confidence in the company.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:13 am

ACI

BCBP

NUE

SMAR

ZION

U.S. stock futures are trading higher, with focus on Albertsons Companies, Inc., Smartsheet Inc., Nucor Corporation, BCB Bancorp, Inc., and Zions Bancorporation due to earnings reports and a share repurchase program. Albertsons is expected to report earnings of 52 cents per share, Smartsheet announced a $150 million share repurchase, Nucor's earnings are anticipated at $3.65 per share, BCB Bancorp reported lower-than-expected earnings, and Zions Bancorporation's earnings are expected at 98 cents per share.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 6:25 am

KMCM

LOAR

MFI

MRX

RAN

RBRK

YYGH

The upcoming week will see several companies launching their initial public offerings (IPOs), including Loar Holdings Inc (LOAR), Key Mining Corp (KMCM), RUBRIK, INC (RBRK), Marex Group plc (MRX), RanMarine Technology B.V. (RAN), YY Group Holding Limited (YYGH), and mF INTERNATIONAL LIMITED (MFI). These companies are set to trade publicly with specified price bands and shares offered, all having a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

April 21, 2024 | 6:07 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) disclosed financial transactions totaling $9.1 million between Elon Musk's companies, including payments to SpaceX, X (formerly Twitter), and The Boring Company, raising concerns about corporate governance. The disclosures, part of Tesla's annual shareholder meeting preparations, reveal a complex web of transactions. Amid these revelations and a 40% year-to-date drop in Tesla's stock price, investor confidence is challenged as Tesla seeks support for a $45 billion stock option package for Musk.

Portfolio Pulse from Bibhu Pattnaik

April 21, 2024 | 2:47 pm