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METC

Ramaco Resources (NASDAQ:METC) announced the approval of a new dual-class share structure, creating Class B common stock. This new class will provide holders direct participation in the financial performance of the CORE Assets, consisting of three non-cost bearing revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:18 pm

MEI

Methode Electronics expects to report record net sales of $1.183 billion for fiscal 2023, a 2% increase from the prior year. However, the company experienced a significant impact on its earnings due to various factors, resulting in a lower EPS guidance of $2.10-$2.14 compared to the previous $2.50-$2.60.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:17 pm

CB

Chubb Limited's board has authorized a new share repurchase program of $5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:17 pm

UVE

Universal Insurance Holdings (UVE) announced a new $20 million share repurchase authorization, intending to comply with Rule 10b-18 under the Exchange Act and the company's insider trading policy.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:09 pm

VENG

Vision Energy Corporation (OTC:VENG) announces a 1-for-5 reverse stock split, effective for trading on June 13, 2023. The split will reduce the number of authorized common stock from 200,000,000 to 40,000,000, leaving 8,419,515 common shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:08 pm

MOVE

Movano Health plans to raise funds through a public offering for general corporate purposes, including product development and commercialization activities. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:07 pm

ORCL

Oracle reported Q4 cloud revenue of $4.4 billion, a 54% YoY increase. Cloud infrastructure revenue rose 76%, cloud application revenue increased 45%, Fusion Cloud ERP revenue grew 26%, and NetSuite Cloud ERP revenue was up 22%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:06 pm

IRON

Disc Medicine (NASDAQ:IRON) has announced a $100 million public offering of common stock and pre-funded warrants. The company plans to use the net proceeds for research, clinical development, working capital, and other general corporate purposes. Morgan Stanley, SVB Securities, Stifel, and BMO Capital Markets are acting as joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:05 pm

CWST

Casella Waste Systems announced a proposed public offering of $400 million worth of Class A common stock. The proceeds will be used for general corporate purposes, including potential acquisitions and repayment of outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:05 pm

DV

In the last quarter, DoubleVerify Hldgs (NYSE:DV) received 5 bullish and 7 somewhat bullish analyst ratings. The company's average 12-month price target is $34.58, up 3.22% from the previous average of $33.50.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 8:02 pm