Streetbeat News

Equity Actions

NVAX

Shah Capital Management has disclosed a 6.66% ownership stake in Novavax, according to a recent 13D filing. This significant investment by Shah Capital indicates a strong belief in the future prospects of Novavax, potentially influencing the company's stock price and investor sentiment.

Portfolio Pulse from Charles Gross

April 15, 2024 | 11:19 am

SAVE

Spirit Airlines projects its total capital expenditures for Q1 2024 to be around $30M and anticipates an adjusted operating margin between negative 14.5% to negative 13.5%.

Portfolio Pulse from Charles Gross

April 15, 2024 | 10:45 am

MTB

M&T Bank's Common Equity Tier 1 (CET1) capital ratio saw an increase of 9 basis points, reaching an estimated 11.07% at the end of March 2024, up from 10.98% at the end of December 2023.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:25 am

NVAX

Shah Capital, owning 6.7% of Novavax, nominates Suresh Katta and Venkat Peri as independent directors, criticizing the current board for underperformance and failure to capitalize on opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:03 am

GOOG

GOOGL

NVDA

TSM

This week in AI, Google's Sundar Pichai navigates AI challenges while Alphabet Inc. retains its title as America's Most Innovative Company. Nvidia Corp. experiences a pullback from record highs but remains a standout stock, likened to basketball legend Caitlin Clark. AI's potential to consume 25% of US power by 2030 raises concerns, and Rep. Josh Gottheimer profits from trading Taiwan Semiconductor Manufacturing Co. shares. Cathie Wood's Ark Investment Management sells nearly $4M in Nvidia shares, adjusting its position in the AI market.

Portfolio Pulse from Benzinga Neuro

April 14, 2024 | 5:55 am

NVDA

Analyst Todd Gordon of Inside Edge Capital has set a bullish target price of $1,150 for Nvidia Corporation (NASDAQ:NVDA), despite a recent pullback. Gordon's confidence is based on Nvidia's leading position in transformative industries and a broader positive trend in the semiconductor sector. He uses Elliott Wave analysis to predict a significant upward move for Nvidia, supported by the company's strong market position and recent positive revisions by Wall Street analysts.

Portfolio Pulse from Ananya Gairola

April 13, 2024 | 9:31 am

OTLK

Outlook Therapeutics has filed a prospectus supplement for the potential offer and sale of up to $93.7 million of its common stock under a sales agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:34 pm

ALTG

Alta Equipment Group Inc. (NYSE:ALTG) announced changes to its Board of Directors, including the appointment of Katherine White as Chair of the Nominating and Governance Committee and Sidhartha Nair as Chair of the Compensation Committee, effective immediately. Additionally, Zachary Savas resigned from the Board on April 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:32 pm

ROAD

Construction Partners has initiated a stock repurchase program, authorizing up to $40M for the buyback of its outstanding Class A common stock, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:29 pm

ADIL

Adial Pharmaceuticals has filed a prospectus with the SEC for the resale of up to 2.36 million shares of common stock by selling stockholders. This move allows current shareholders to sell their shares in the market.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:27 pm