Streetbeat News

Equity Actions

EA

In the past three months, Electronic Arts (NASDAQ:EA) received 4 analyst ratings ranging from bullish to bearish. The average 12-month price target for EA is now $155.00, up 4.03% from the previous $149.00. Analyst actions include adjustments to ratings and price targets, reflecting their views on EA's market performance. EA's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing its strong market position and financial health.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 9:00 pm

NCNA

NuCana plc (NASDAQ:NCNA) announced a 1-for-25 ADS ratio change, effective around April 16, 2024, to improve liquidity and comply with Nasdaq's minimum bid price requirement. ADS holders will exchange 25 old ADSs for 1 new ADS, with no fractional ADSs issued. The trading price is expected to increase proportionally, but there are no guarantees regarding the future trading price or liquidity.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 8:45 pm

JCI

Johnson Controls Intl's (JCI) short interest has decreased by 23.23%, with 7.24 million shares sold short, representing 1.19% of its float. This decrease in short interest could indicate a more bullish sentiment towards JCI among traders. Compared to its peers, JCI has a lower short interest percentage of float, with an average of 3.74% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:45 pm

PRKS

United Parks & Resorts announced a $500M share repurchase authorization and stockholder approval of an amended stockholders agreement with Hill Path Capital LP. The repurchase program has no set time limit and can be suspended or discontinued at any time.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:37 pm

SNX

TD SYNNEX has been authorized to purchase up to 500,000 shares of its common stock as part of a secondary public offering, with the condition that the total amount of shares repurchased does not exceed $60.0 million.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:22 pm

SNX

TD SYNNEX announced a secondary public offering of 9 million shares, held by entities managed by Apollo Global Management affiliates. This move could potentially impact the stock's liquidity and market perception.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:20 pm

ALLY

Ally Financial has announced Michael G. Rhodes as its new CEO, effective April 29, 2024. Rhodes, who previously served as CEO of Discover Financial Services, will also join Ally's board of directors. He replaces Jeffrey J. Brown, with Doug Timmerman acting as interim CEO since Brown's departure at the end of January 2024.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:15 pm

ATS

ATS has announced a secondary offering of common shares valued at C$163 million. This move is aimed at raising capital, potentially for expansion or operational purposes. The offering could dilute current shareholders' value but also indicates potential growth.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:13 pm

FSBC

Five Star Bancorp has announced a public offering of its common shares, though specific terms were not disclosed. The company plans to use the proceeds for general corporate purposes, investments in the Bank to pursue growth opportunities, and for working capital.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:10 pm

AVTX

Avalo Therapeutics has acquired a Phase 2-ready anti-IL-1β monoclonal antibody, AVTX-009, through a stock-for-stock transaction with AlmataBio. Concurrently, Avalo announced a private placement sale of preferred stock and warrants, led by Commodore Capital and TCGX, with participation from several notable investors, aiming to raise up to $185 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:04 pm