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Smartsheet Inc. (NYSE:SMAR) is set to be acquired by Blackstone Inc. (NYSE:BX) and Vista Equity Partners for $8.4 billion in cash. The acquisition price of $56.50 per share represents a significant premium over recent trading prices. The deal includes a 45-day 'go-shop' period for alternative proposals and is expected to close by January 31, 2025. Post-acquisition, Smartsheet will become a privately held company. Smartsheet recently reported strong earnings, surpassing estimates.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 4:40 pm

MSS

Maison Solutions Inc. (NASDAQ:MSS) shares surged after reporting strong Q1 financial results, with sales increasing significantly due to the acquisition of Lee Lee Oriental Supermart. The company reiterated its revenue guidance for fiscal year 2025 and expects to be net income positive.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 4:38 pm

LUV

Elliott Investment Management, holding an 11% stake in Southwest Airlines, has issued a letter to shareholders expressing the need for leadership change and plans to call a special meeting. They accuse Southwest of using 'false record dates' to obstruct shareholder voting.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:37 pm

NVDA

V

Visa Inc. shares are declining due to reports of an impending DOJ antitrust lawsuit accusing the company of monopolizing the U.S. debit card market. The DOJ's investigation focuses on Visa's exclusivity agreements and tokenization technology pricing.

Portfolio Pulse from Vaishali Prayag

September 24, 2024 | 4:35 pm

NEM

Recent options trading trends for Newmont (NYSE:NEM) show a bearish sentiment among large investors, with 68% of trades being bearish. Despite this, analysts have given positive ratings with price targets ranging from $58 to $65. The stock is currently trading at $55.65, up 2.14%, but may be approaching overbought levels.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 4:30 pm

WFC

Wells Fargo has seen significant options trading activity, with a bearish sentiment prevailing among traders. The stock is currently trading at $53.8, down by 2.38%. Analysts have set a consensus target price of $65, with recent ratings from Goldman Sachs, Evercore ISI Group, and Deutsche Bank all indicating a positive outlook.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 4:30 pm

IRM

Iron Mountain (NYSE:IRM) has significantly outperformed the market over the past 5 years, with an annualized return of 29.56%. A $100 investment in IRM 5 years ago would now be worth $367.42, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 4:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market over the past decade, with an average annual return of 23.85%. A $100 investment in ODFL 10 years ago would now be worth $841.39, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 4:30 pm

APIE

AVIV

TM

Toyota Motor Corporation has increased its share buyback program to 1.2 trillion yen ($8.31 billion), aiming to repurchase up to 530 million shares. This move is part of a strategy to adjust its shareholdings and reflects current stock price levels. Toyota's shares are trading lower, down 0.63% at $184.24.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 4:29 pm

TSLA

XOM

Bill Baruch announced on CNBC that he has increased his holdings in Exxon Mobil and reduced his position in Tesla. This move reflects a strategic shift in his investment portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:27 pm