Streetbeat News

Equity Actions

RYDE

Ryde Group Ltd, a Singapore-based tech company focused on mobility and quick commerce, has priced its IPO at $4 per share, offering 3 million shares for a total of $12 million in gross proceeds, before expenses.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:52 am

NEWT

NewtekOne, under the leadership of CEO Barry Sloane, reported a full year as a financial holding company with EPS of $1.71 (basic) and $1.70 (diluted), aligning with their guidance. For 2024, they forecast an EPS range of $1.80-$2.00, indicating an 11% increase from 2023 and highlighting their unique, non-interest-bearing revenue model.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:15 am

DWAC

SPY

Nikki Haley has been projected as the winner of the Vermont 2024 Republican Primary, according to AP. This political development may influence market sentiment and the performance of related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:39 am

DWAC

SPY

Donald Trump is projected to win the Colorado 2024 Republican Primary, according to AP. This political development may influence the stock market, particularly stocks and ETFs related to political and social events.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:12 am

DIS

Nelson Peltz of Trian Fund Management is leading an activist battle against Walt Disney Co (NYSE:DIS), aiming to 'restore the magic' by addressing the company's underperformance. Trian's plan includes refining Disney Parks strategy, developing a direct-to-consumer strategy, improving accountability, and enhancing cost structure. Trian criticizes Disney's late entry into streaming, poor acquisitions, and suggests a CEO succession plan. Disney faces another activist challenge from Blackwells Capital, suggesting a spin-off of real estate holdings and investment in virtual/augmented reality. Disney's annual meeting on April 3 is highly anticipated amid these activist battles.

Portfolio Pulse from Chris Katje

March 05, 2024 | 11:52 pm

ISPO

Inspirato projects its 2024 total revenue to be between $275M and $305M, which is below the estimated $319.7M. The company expects its adjusted EBITDA to range from a loss of $15M to an income of $5M. Inspirato also anticipates a 5-12% reduction in total cash operating expenses, aiming for $115M to $125M. Additionally, a decrease in Pass member base is expected, with Club member numbers remaining stable by year-end.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:43 pm

FANG

VNOM

Viper Energy's stock is trading lower following the announcement of a secondary common stock offering of 11,500,000 shares by its parent company, Diamondback Energy.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:12 pm

XRX

Xerox has announced a proposed offering of convertible notes with an aggregate principal amount of $300 million. This move is aimed at raising capital, potentially for general corporate purposes, investments, or debt refinancing. Convertible notes are debt securities that can be converted into a predetermined number of the company's shares, often at the discretion of the holder. This offering could dilute existing shareholders but also provides Xerox with a flexible financing option.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:09 pm

AUMN

AUST

CLF

CMP

MP

MP Materials Corp. and Cleveland-Cliffs Inc. have increased their offerings, with MP Materials announcing a $650 million convertible notes offering and Cleveland-Cliffs upsizing to $825 million in senior unsecured notes. Austin Gold completed its initial drilling program, showing promising gold grades. Compass Minerals Intl. was downgraded by Loop Capital, and Golden Minerals Company announced the passing of a board member.

Portfolio Pulse from Austin DeNoce

March 05, 2024 | 10:07 pm

LSEA

Landsea Homes has announced a secondary offering of 2,434,783 shares of its common stock. This move could potentially dilute existing shareholders but also provide the company with additional capital for growth or debt reduction.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:03 pm