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Equity Actions

YMM

Full Truck Alliance shares surged following the announcement of an extension to its share repurchase program, now up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:44 am

ARCO

Arcos Dorados announced plans to open 80 to 90 new restaurants in 2024, with approximately 90% being free-standing units. The company anticipates total capital expenditures for 2024 to be between $300M and $350M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:36 am

WOOF

Petco Health and Wellness has announced the appointment of R. Michael (Mike) Mohan as the interim Chief Executive Officer, effective immediately. This leadership change could signal a new strategic direction or stabilization efforts by the company.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:15 am

TALO

Talos Energy has filed for a shelf registration allowing selling stockholders to sell up to 24.7 million shares of common stock. This move could potentially increase the stock's liquidity but may also dilute current shareholders' equity.

Portfolio Pulse from Charles Gross

March 13, 2024 | 11:11 am

GEHC

GE HealthCare Technologies' stock is trading lower following the announcement of a secondary offering of 13 million shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:08 am

ODD

ODDITY Tech's stock is trading lower following the announcement of a secondary offering of 4 million Class A ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:02 am

ADM

ADM has entered into a $1 billion accelerated share repurchase agreement, signaling a strong financial position and a commitment to returning value to shareholders. This move is likely to positively impact ADM's stock price in the short term as it reflects confidence in the company's future performance and profitability.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:02 am

TOUR

In March 2024, Tuniu Corporation's Board of Directors approved a share repurchase program, allowing the company to buy back up to $10 million of its ordinary shares or American depositary shares.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:12 am

YMM

Full Truck Alliance has announced an extension of its share repurchase program, increasing the total amount up to $300 million. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:02 am

AAPL

CHTR

CVX

SMCI

TSLA

XOM

Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:18 am