Streetbeat News

Equity Actions

DIS

Jim Cramer expressed concerns about Disney's stock after activist investor Nelson Peltz lost his bid for a board seat. The defeat caused a $1.30 drop in Disney's stock, despite the company's recent upward trajectory and support from its largest shareholder, Vanguard. Tesla CEO Elon Musk had supported Peltz, believing his board presence could boost the stock. Disney's stock has been volatile, falling below $120 after the annual meeting.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:35 am

ARKF

DDOG

PINS

PSNL

TWLO

VERV

Cathie Wood's Ark Invest purchased additional shares of Pinterest Inc (PINS), a competitor to Meta Platforms, through its Fintech Innovation ETF (ARKF). The acquisition of 26,925 Pinterest shares, valued at $949,914, underscores Ark Invest's continued confidence in Pinterest despite its mixed financial performance. Additionally, Ark Invest made other key trades, including selling Twilio Inc (TWLO) shares from ARKF, buying Verve Therapeutics Inc (VERV) and Personalis Inc (PSNL) for its Genomic Revolution ETF, and trading in Datadog Inc (DDOG) stock for its Next Generation Internet ETF.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 2:17 am

PALI

Palisade Bio announced a 1-for-15 reverse stock split effective April 8, 2024, to increase its per share price and comply with Nasdaq's minimum share price listing requirement. The stock will trade under the symbol 'PALI' with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:32 pm

MRNO

Murano Global Investments announced its plan to repurchase up to $2M of its ordinary shares until the end of the last business day of Q3 in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:20 pm

BB

BlackBerry has announced its expectation to be cashflow and adjusted EBITDA positive for the fiscal year 2025. This forward-looking statement indicates a positive outlook for the company's financial health and operational efficiency in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:08 pm

REPX

Riley Exploration Permian, Inc. (REPX) has announced the commencement of a public offering of 2.1 million common shares, with 700,000 shares offered by the company and 1.4 million shares by certain stockholders.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:04 pm

ASH

Ashland announced executive changes in its Personal Care and Specialty Additives businesses. Jim Minicucci is now the senior VP and general manager of Personal Care, and Dago Caceres will assume the role of VP and general manager of Specialty Additives effective April 15, 2024. A new leader for strategy, mergers and acquisitions, and portfolio management will be announced soon.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:02 pm

NVACF

SNDL

SNDL Inc. and Nova Cannabis Inc. have announced a strategic realignment of their retail operations, with SNDL transferring four Dutch Love cannabis retail stores to Nova. The deal involves Nova issuing SNDL CA$8.179 million in shares and is expected to be completed by the end of April 2024, pending regulatory approvals. This move will increase Nova's store count to 100 and SNDL's to 190. Additionally, SNDL has extended a $15 million revolving credit facility to Nova until March 31, 2026, to support Nova's growth.

Portfolio Pulse from Patricio Liddle

April 03, 2024 | 8:57 pm

ABTC

American Battery Technology Co plans to potentially offer and sell shares of its common stock from time to time, aiming for an aggregate offering price of up to $50 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:52 pm

IMNM

Immunome has filed with the SEC for a shelf offering of up to 2.2 million shares of common stock by a selling stockholder. This move allows the stockholder to sell these shares at future market prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:51 pm