Streetbeat News

Equity Actions

ALB

Albemarle Corporation has initiated an offering of $1.75 billion worth of depositary shares. This financial move is significant for investors as it could impact the company's capital structure and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:14 pm

CHEF

Chefs' Warehouse has entered into a cooperation agreement with Legion Partners, which owns about 3.3% of CHEF's stock. As part of the agreement, the company expanded its board to fourteen members and appointed three new independent directors, Richard N. Peretz, Wendy M. Weinstein, and Lester Owens, on March 4, 2024. Owens will also be nominated for election at the 2024 Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:12 pm

CHRO

Boswell Prayer Ltd has reported an 8.2% passive stake in Chromocell Therapeutics Corp (CHRO) as of February 21.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:11 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) plans to offer $600 million of convertible senior notes due 2030, with an option for initial purchasers to buy an additional $90 million. The notes, unsecured and senior, will pay interest semi-annually and may be converted into cash, shares, or a combination. The proceeds will be used to acquire more bitcoin and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:03 pm

MTZ

Analysts have mixed views on MasTec (NYSE:MTZ), with recent ratings showing a shift towards a more bullish outlook. The average 12-month price target for MTZ has risen to $86.17, up 19.13% from the previous $72.33. The company's financial performance shows strong revenue growth but challenges in profitability and debt management. MasTec operates in various infrastructure sectors, with a significant market presence.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:01 pm

RC

Four analysts have recently reviewed Ready Capital (NYSE:RC), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $45.38, down 13.28% from the previous $52.33. Analyst actions include both downgrades and upgrades, with price targets ranging from $8.00 to $151.00. Ready Capital, a real estate finance company, has shown a negative revenue trend with a -12.55% growth, but excels in net margin and ROE, indicating strong financial health despite lower market capitalization.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:01 pm

PEGA

In the last three months, 5 analysts have shared diverse ratings for Pegasystems (NASDAQ:PEGA), ranging from bullish to bearish. The average 12-month price target has risen by 10.26% to $63.4. Analysts from firms like DA Davidson, RBC Capital, Goldman Sachs, Wedbush, and Barclays have provided updates, with price targets ranging from $52.00 to $77.00. Pegasystems, known for its Pega Infinity platform, has shown a revenue growth of 19.61% as of December 31, 2023, but its market capitalization and growth rate lag behind industry benchmarks. The company's net margin and ROE exceed industry averages, but its debt-to-equity ratio is higher than average.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:00 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen a bullish trend in options trading, with 56% of investors showing bullish expectations. The trading volume and open interest suggest a price range of $32.5 to $75.0 for AFRM. The stock is currently trading at $38.76, up 1.97%, with a neutral RSI. Analysts have mixed opinions, with target prices ranging from $16 to $50. Options trading offers higher profit potential but comes with higher risk.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:47 pm

FWBI

First Wave BioPharma's stock trades lower following the announcement of a $4 million registered direct offering of 526,625 shares at $7.61 each.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:26 pm

DIS

Trian expresses confidence in restoring Disney's magic by working collaboratively with CEO Bob Iger and other directors, focusing on fixing the succession process and conducting a thorough search for a new CEO by 2026.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:26 pm