Streetbeat News

Equity Actions

SYY

Sysco shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and announced a $1 billion share repurchase program for fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:36 pm

OSTX

OS Therapies Incorporated (NYSE:OSTX) is set to IPO on July 31 on the NYSE, offering shares at $4.00 each. The insider lock-up period will last 180 days, ending on January 27, 2025. The company focuses on developing treatments for osteosarcoma and other solid tumors.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:00 pm

IGT

International Game Technology (IGT) reported Q2 earnings per share of 36 cents, beating estimates, but missed revenue expectations with $1.049 billion. Despite strong cash flow and stable EBITDA, shares fell 3.16% due to the revenue miss and the announcement of the sale of its Gaming & Digital business.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 2:46 pm

EVOK

Evoke Pharma shares are trading lower after the company announced a 1-for-12 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:29 pm

SYY

Sysco Corporation has announced plans to target $1 billion in share repurchases in fiscal year 2025, as stated by an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:27 pm

ATPC

CNSP

IMNN

NIPG

PCSA

PFE

QXO

U.S. stocks traded mostly higher with the Dow Jones gaining around 200 points. Pfizer reported better-than-expected Q2 earnings and updated its 2024 revenue and EPS forecasts. Imunon, Agape ATP, and Processa Pharmaceuticals saw significant stock price increases, while QXO, NIP Group, and CNS Pharmaceuticals experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:12 pm

VBIV

VBI Vaccines (VBIV) is initiating a Sale and Investment Solicitation Process (SISP) to identify potential purchasers for its assets. The process will be managed by VBI with the assistance of financial advisor and monitor, EY. Further details will be disclosed later.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:57 pm

BTC

ETHE

GBTC

The Grayscale Bitcoin Trust (GBTC) is down 10% in pre-market trading following Grayscale Investments' announcement of a spinoff into a new ETF, the Grayscale Bitcoin Mini Trust (BTC). Current GBTC shareholders will receive shares in the new ETF proportional to their GBTC holdings. The spinoff is expected to result in a value shift for investors, with 10% of GBTC's value moving to the new ETF.

Portfolio Pulse from Navdeep Yadav

July 30, 2024 | 1:44 pm

SMRT

SmartRent, Inc. (NYSE:SMRT) announced that Lucas Haldeman has stepped down as CEO and resigned from the Board. John Dorman has been appointed Chairman of the Board. The company has suspended its full-year 2024 outlook and formed a Management Committee to oversee operations during the transition.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:34 pm

HWM

WBIL

XAR

Howmet Aerospace Inc. (NYSE:HWM) reported strong Q2 FY24 results, with revenue and EPS beating expectations. The company announced a $2 billion increase in its share repurchase program and a 60% increase in its quarterly dividend. The FY24 outlook was also raised. HWM shares are up 12.3% premarket.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 12:32 pm