Streetbeat News

Equity Actions

SMCI

Super Micro Computer (SMCI) has priced its public offering of 2 million common shares at $875 per share, expecting gross proceeds of $1.75 billion. The offering is anticipated to close around March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:36 am

ARKK

ARKW

MRNA

PSNL

SQ

TWLO

U

Cathie Wood's Ark Invest sold $7.5M worth of Block Inc (SQ) shares through its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) amid a Bitcoin price drop. This follows a previous sale of $8.95M in Block shares. Additionally, Ark Invest made trades in Moderna (MRNA), Personalis (PSNL), Twilio (TWLO), and Unity Software (U).

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:29 am

MSFT

OpenAI is preparing to launch GPT-5, a significantly improved version of its AI tool, by mid-year. The new model, expected to be a major upgrade from GPT-4, is currently in training and will undergo safety testing and scrutiny through a 'red teamed' process. Microsoft, as OpenAI's biggest investor and a key integrator of GPT technology in its products, is reportedly in talks for further investment to develop GPT-5. The release date may be delayed due to the extensive safety testing phase.

Portfolio Pulse from Ananya Gairola

March 20, 2024 | 2:52 am

CMG

Chipotle Mexican Grill Inc. (NYSE:CMG) announced its first-ever stock split, a 50:1 ratio, leading to a significant surge in its stock price. The split, pending shareholder approval, is set for distribution after the market closes on Jun. 25, 2024. This move comes as Chipotle's stock hits record highs, attributed to strong financial performance and growth. The stock split aims to make shares more accessible to a broader range of investors and employees.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 1:31 am

ZTO

ZTO's board has authorized an additional $500 million for its stock repurchase program, increasing the total buyback amount to $2 billion.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:06 pm

CMG

Chipotle Mexican Grill's Board of Directors has approved a 50-for-1 stock split, pending shareholder approval. If approved, shareholders as of June 18, 2024, will receive 49 additional shares for each share held, with distribution after market close on June 25, 2024. Trading on a post-split basis is expected to begin on June 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:46 pm

TYRA

Tyra Biosciences Inc has filed with the SEC for the resale of up to 15.4 million shares by the selling securityholders. This move could potentially impact the stock's liquidity and market perception.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:00 pm

NDAQ

Nasdaq shares are trading lower following the announcement of a secondary offering of approximately 27 million shares by Borse Dubai Limited.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:51 pm

MBRX

Moleculin Biotech, Inc. announced a 1-for-15 reverse stock split, leading to an increase in its share price. This corporate action is typically aimed at increasing the market price of a company's shares.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:50 pm

CRNX

Crinetics Pharmaceuticals' stock price is trading lower following the company's filing for the resale of up to 8.33 million shares by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:46 pm