Streetbeat News

Equity Actions

DIS

Vanguard Group, Disney's largest investor, has voted to re-elect the company's incumbent directors, opposing Trian Fund Management's efforts. This decision by Vanguard is significant due to its substantial stake in Disney, potentially influencing other investors and solidifying the current management's position. Trian Fund Management's attempt to influence Disney's board composition and strategic direction has thus faced a setback.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:59 pm

AVGO

Whale investors have shown a bearish stance on Broadcom (NASDAQ:AVGO), with 64% of detected trades being bearish. The trading activity suggests a price range target from $730 to $2000 for the next three months. Notable options activity includes both bearish and bullish trades with varying strike prices and sentiments. Broadcom, a leading semiconductor company, has seen a slight decrease in its stock price to $1338.76. Analysts have mixed opinions but generally maintain positive ratings with target prices ranging from $1405 to $1600.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:45 pm

OMN

OneMedNet shares surged following the completion of a securities purchase agreement, securing up to $4.54 million in funding.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:43 pm

INTC

Intel Corp (NASDAQ:INTC) shares fell in after-hours trading following the announcement of a new financial framework for its foundry business, aimed at increasing cost discipline and returns. The new structure includes the Intel Foundry as a separate operating segment and anticipates foundry operating losses to peak in 2024, with a goal of reaching break-even operating margins by the end of 2030. Intel also appointed Lorenzo Flores as CFO of Intel Foundry.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 8:39 pm

PVH

PVH Corp has filed for a potential mixed shelf offering, though the size of the offering has not been disclosed. This filing allows the company flexibility in financing options by enabling it to issue various types of securities.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:38 pm

INTC

Intel's stock is trading lower following the announcement of a new financial reporting structure and the appointment of a new CFO for Intel Foundry. These changes are part of Intel's efforts to streamline operations and improve financial transparency.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:37 pm

EDBL

Edible Garden announced a reverse stock split of its common stock at a ratio of 1-for-20, effective 12:01 a.m. ET, April 5, 2024. Post-split trading on Nasdaq under symbol 'EDBL' begins April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:33 pm

PLAY

Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported Q4 earnings of $1.03 per share, missing the consensus estimate of $1.10, and quarterly sales of $599.1 million, slightly below the estimate of $602.609 million. Comparable store sales decreased 7% year-over-year but increased 8% compared to 2019. The company repurchased 8.5 million shares for $300 million and increased its share repurchase authorization by $100 million to $200 million. CEO Chris Morris highlighted the opening of six new stores, a new international agreement, growth in Adjusted EBITDA margins, and a strong foundation for future growth.

Portfolio Pulse from Erica Kollmann

April 02, 2024 | 8:31 pm

DINO

HF Sinclair has agreed to repurchase 5 million shares of its outstanding common stock from a selling stockholder, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:25 pm

RNA

Avidity Biosciences has filed a prospectus for the proposed resale or other disposition by selling securityholders of up to 15.2 million shares of common stock. Additionally, the prospectus covers up to 9 million shares issuable upon the exercise of pre-funded warrants.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:24 pm