Streetbeat News

Equity Actions

TNK

Teekay's Board of Directors has authorized a new share repurchase program for up to $40 million of its outstanding common shares. The repurchases will be made in the open market or through privately-negotiated transactions, subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:03 pm

CWH

Camping World has announced a proposed offering of $300 million in Class A common stock. This move is likely aimed at raising capital for the company's operations or expansion plans.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:56 pm

LUV

Elliott Investment Management is adjusting its stake in Southwest Airlines by increasing its economic exposure to 11.3% while reducing its voting shares to 9.95%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:52 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) announced a $100 million public offering of common stock, with an option for an additional $15 million. The proceeds will be used for general corporate purposes and to enhance manufacturing capabilities at its facility in Malaysia.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:46 pm

SNBR

Sleep Number Corporation announced that Shelly Ibach, its Chair, President, and CEO, will retire by the 2025 Annual Meeting. The company is searching for her successor and plans additional Board and governance changes.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:45 pm

BA

Boeing has completed an upsized common stock offering, issuing 112.5 million shares with an option for underwriters to purchase an additional 16.875 million shares. The offering closed on October 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:40 pm

HRMY

Harmony Biosciences (HRMY) stock fell 18.3% after announcing a public offering of up to 8 million shares by selling shareholders. The offering won't increase the company's share count, and proceeds go to the sellers. A lock-up agreement restricts insider sales for 60-90 days.

Portfolio Pulse from Henry Khederian

October 30, 2024 | 7:06 pm

HRMY

Harmony Biosciences shares are declining following the announcement of a public offering of up to 8 million shares by selling shareholders Marshman Fund Trust II and Valor IV Pharma Holdings.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:47 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT) shares have been volatile due to the 2024 election, with potential for a short squeeze if Trump wins. S3 Partners report indicates a 50% price move is possible, with DJT stock potentially reaching $60 if Trump wins, or becoming worthless if he loses.

Portfolio Pulse from Chris Katje

October 30, 2024 | 4:34 pm

LEEEF

LEEF Brands, a cannabis company, announced a 10-for-1 share consolidation and a $1.8 million private placement to improve its capital structure and fuel expansion. The consolidation aims to attract institutional investors and enhance liquidity. The private placement will issue units priced at $0.25, each including a common share and a warrant. The proceeds will support growth initiatives.

Portfolio Pulse from Nina Zdinjak

October 30, 2024 | 3:43 pm