Streetbeat News

Equity Actions

MBRX

Moleculin Biotech, Inc. announced a 1-for-15 reverse stock split, leading to an increase in its share price. This corporate action is typically aimed at increasing the market price of a company's shares.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:50 pm

CRNX

Crinetics Pharmaceuticals' stock price is trading lower following the company's filing for the resale of up to 8.33 million shares by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:46 pm

ETAO

Etao International's shares are trading higher following the announcement of a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:45 pm

CRNX

Crinetics Pharmaceuticals Inc has filed with the SEC for the resale of up to 8.33 million shares by the selling stockholders. This move could potentially increase the stock's liquidity but may also dilute current shareholders' value.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:43 pm

BTBT

Bit Digital has filed FormRW with the SEC, requesting the withdrawal of its previously filed registration statement on Form F-3 from February 1, 2022. This withdrawal affects an aggregate of 20,010,813 shares that were under the registration.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 8:39 pm

RJF

Raymond James Financial (NYSE:RJF) announced leadership changes including CFO Paul Shoukry's appointment as president, set to become CEO in fiscal 2025. Current CEO Paul Reilly will transition to executive chair. The company also announced the retirement of COO Jeff Dowdle and subsequent leadership appointments effective October 1, 2024. These changes are part of Raymond James' succession planning, aiming to maintain its growth, financial stability, and client-focused approach.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 8:37 pm

MBRX

Moleculin Biotech, Inc. has announced a 1-for-15 reverse stock split, effective immediately. This corporate action is typically undertaken to boost the stock's price to meet exchange listing requirements or to improve the stock's perception among investors. The reverse split reduces the number of shares outstanding, increasing the price per share correspondingly, without changing the company's market capitalization.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:32 pm

CTO

CTO Realty Growth, Inc. (NYSE:CTO) announced the sale of a mixed-use property in Santa Fe, New Mexico for $20M, generating a $4.6M gain. The proceeds are intended for a core power center acquisition in Orlando and to repay part of a credit facility. The sale is part of a Section 1031 like-kind exchange.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:25 pm

AMCR

Amcor reaffirms its FY24 guidance, projecting an adjusted EPS of $0.67-$0.71, aligning with an estimated $0.69. The guidance includes a mix of underlying business performance ranging from a low-single digit decline to a low-single digit increase, a 2% benefit from share repurchases, and a 6% negative impact from higher estimated net interest and tax expense.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:21 pm

MITK

Mitek Systems projects FY23 revenue to be between $180M-$185M, aligning with a $182.03M estimate. For FY24, it anticipates a non-GAAP operating margin of 30%-31%. The company highlights a significant multi-year mobile deposit reorder that contributed to an adjusted fiscal 2024 revenue growth forecast of approximately 12%.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:20 pm