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Equity Actions

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

CDTX

WBB Securities analyst Stephen Brozak has maintained a Strong Buy rating on Cidara Therapeutics (NASDAQ:CDTX) and adjusted the price target to $40, taking into account a 1:20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:30 pm

MOH

In the last three months, 11 analysts have provided diverse ratings on Molina Healthcare (NYSE:MOH), with a shift towards more neutral positions. The average 12-month price target has increased to $425.18 from $412.17. Analyst actions include adjustments to ratings and price targets, reflecting responses to market conditions and company performance. Molina Healthcare's financial health shows positive revenue growth, impressive net margin, ROE, and ROA, but a high debt-to-equity ratio. The company specializes in Medicaid-related healthcare plans.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:00 pm

MTG

MGIC Investment has announced an additional $750 million share repurchase program, signaling confidence in its financial stability and future prospects. This move is likely to be viewed positively by investors as it often indicates a company's belief in its undervalued shares and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:04 pm