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Equity Actions

ROIV

Roivant Sciences announced a board authorization for a share repurchase program up to $1.5B, including buying back the entire stake of Sumitomo Pharma for $648M, reducing shares outstanding by 9%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:12 am

RDHL

RedHill Biopharma has announced a registered direct offering of $1.25 million at a price that is premium to the current market price. This move is aimed at raising capital, potentially for further research, development, or operational expansion.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:10 am

GILD

NRIX

Gilead Sciences has extended its research term with Nurix Therapeutics for two more years, with a $15M extension fee. Nurix could receive up to $73.5M in preclinical research milestones and licensing fees, plus $1.7B in sales/development milestones.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:06 am

GE

GEV

GE Vernova has completed its spinoff from General Electric (GE) and will start trading independently on the New York Stock Exchange under the ticker symbol GEV, beginning Tuesday.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:41 am

MRC

MRC Global Inc. has appointed Daniel Silvers to its Board of Directors, effective immediately. Silvers will serve on the Board's Compensation and Environmental, Social, Governance and Enterprise Risk Committees. This move comes as part of an agreement with Engine Capital.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:35 am

TRVG

Robin Harries has been appointed as the new Chief Financial Officer (CFO) at Trivago. This strategic move could signal a new direction or focus for the company's financial strategies and operations.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:33 am

STRO

Sutro Biopharma has announced the pricing of an underwritten public offering of 14.48 million shares at $5.18 per share, aiming to raise approximately $75 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:22 am

MOBX

Mobix Labs has filed for an offering of up to 9.5 million shares by a selling stockholder, as indicated in their S-1 filing.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:11 am

CNNE

Cannae Holdings announced the preliminary results of its modified Dutch auction tender offer, with 9,682,505 shares tendered and not withdrawn at or below a purchase price of $22.95 per share.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:10 am

UAL

Jim Cramer, on 'Mad Money,' advised United Airlines Holdings Inc (NASDAQ:UAL) shareholders to sell their shares to profit from the stock's recent rise. This advice comes amid United Airlines facing aircraft delivery delays from Boeing and experiencing unusual options activity with bullish sentiment from big-money investors. UAL stock closed 1.11% lower at $47.35 but has risen 13.77% in the past 6 months.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 9:16 am