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BLFY

Blue Foundry Bancorp has adopted a stock repurchase program to buy back up to 1.26 million shares, representing 5% of its outstanding common stock. This is the company's third repurchase program since its mutual-to-stock conversion and related stock offering in July 2021.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:38 pm

TRNS

Transcat Inc has filed a prospectus relating to the offer and resale by selling shareholders of up to 271,820 shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:31 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 29% bullish and 70% bearish. The whales have been targeting a price range from $140.0 to $300.0 for Salesforce over the last 3 months. Morgan Stanley has downgraded Salesforce to Equal-Weight with a price target of $278, while Mizuho maintains a Buy rating with a price target of $250-$260.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 8:30 pm

NEPT

Neptune Wellness Solutions has entered into a binding term sheet with Morgan Stanley, providing the option to exchange existing debt of Sprout Organics. This has led to a rise in Neptune's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:26 pm

HE

Hawaiian Electric Industries Inc. (NYSE:HE) stock has dropped by 15.34%, bringing the monthly decline to nearly 70%. The company is facing scrutiny over its involvement in the Maui wildfires and is reportedly in discussions with restructuring advisory firms to address its financial and legal challenges. S&P Global Ratings has downgraded Hawaiian Electric to junk status “BB-” and placed it under further watch for potential downgrades.

Portfolio Pulse from Piero Cingari

August 17, 2023 | 8:25 pm

ROST

Ross Stores, Inc. (NASDAQ:ROST) reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $1.16. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.75 billion. The company expects Q3 earnings per share to be between $1.16 and $1.21. The company repurchased 2.2 million shares of common stock for $230 million and plans to buy back $950 million of common stock this year.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 8:24 pm

FTCH

Farfetch reported mixed Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:23 pm

ROST

Ross Stores reported better-than-expected Q2 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:22 pm

KEYS

Keysight Technologies has issued Q4 adjusted EPS and revenue guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:21 pm

KEYS

Keysight Technologies has revised its Q4 revenue forecast to $1.29B-$1.31B, which is lower than the previous estimate of $1.39B.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:20 pm