Streetbeat News

Equity Actions

RGNX

REGENXBIO Inc. (NASDAQ:RGNX) announced its plan to offer $125M of its common stock in an underwritten public offering, subject to market conditions. The offering's completion, size, or terms are not guaranteed. REGENXBIO will also give underwriters a 30-day option to buy up to 15% more shares. Morgan Stanley, Goldman Sachs & Co. LLC, Barclays, and Stifel are the joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:30 pm

VSCO

Victoria's Secret & Co. has announced a new $250 million share repurchase authorization, signaling confidence in the company's financial health and future prospects. This move is likely to be viewed positively by investors as it often indicates that the company believes its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:21 pm

AAP

Advance Auto Parts (NYSE:AAP) has seen a 4.09% increase in its short percent of float since the last report, reaching 9.42% of all shares available for trading. With 4.85 million shares sold short, it would take about 3.74 days for traders to cover their positions. This rise in short interest indicates a more bearish market sentiment towards AAP, although it has less short interest compared to its peer group average of 12.64%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

NYCB

New York Community Bancorp's stock price increased following the announcement of a $1 billion equity investment from Liberty Strategic Capital, Hudson Bay, and Reverence Capital.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:21 pm

SHOP

Shopify (NYSE:SHOP) has seen a mix of bullish and bearish options trading, with a slight lean towards bearish sentiment. Analysis of 21 trades shows 47% bullish and 52% bearish positions, with significant activity in calls over puts. The price target range for SHOP is between $25.0 and $100.0. Recent trading volume and RSI indicators suggest the stock may be approaching oversold territory. Analyst ratings in the last 30 days have set an average price target of $80.6, with varying opinions from major financial institutions.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:15 pm

NYCB

A Citadel spokesman clarified that Citadel Securities is not involved in the investment group participating in the NYCB deal. Instead, Citadel Global Equities is the entity making the investment.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:02 pm

GDDY

GoDaddy projects a ~33% normalized EBITDA margin by 2026 and anticipates generating $4.5B or more in cumulative free cash flow over the next three years. The company aims for a capital return strategy that targets a free cash flow per share compounded annual growth rate of over 20%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:47 pm

ALB

Albemarle Corporation's stock is trading higher following the announcement of an upsized $2 billion offering of depository shares, an increase from the previously announced $1.75 billion.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:39 pm

HCP

HashiCorp's stock is trading higher following the announcement of better-than-expected Q4 financial results and the initiation of a share repurchase program valued at up to $250 million.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:37 pm

NYCB

NYCB is conducting an equity capital raise transaction, issuing shares of common stock and convertible preferred stock at $2.00 per share, aiming to raise $1.05 billion. Investors will also receive 60% warrant coverage at $2.50 per share. The preferred stock, convertible into common stock, comes with quarterly dividends and specific conversion conditions, including regulatory approvals and charter amendments. Liberty has rights for an underwritten shelf take-down and block trades.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:15 pm