Streetbeat News

Acquisitions Mergers

AMD

ARKK

PLTR

Cathie Wood's Ark Invest made significant trades, buying $6.8M in AMD shares and selling $4.3M in Palantir shares. AMD's purchase aligns with its AI event and strategic shifts, while Palantir's sale follows its S&P 500 inclusion and stock surge.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 3:17 am

GLOB

Globant has acquired Blankfactor, though the financial details of the acquisition have not been disclosed. This move is likely to enhance Globant's capabilities and market reach.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:18 pm

HRMY

Harmony Biosciences is seeing strong growth with its drug Wakix, which has increased sales and patient numbers. UBS has initiated coverage with a Buy rating and a $56 price target, citing potential growth in the narcolepsy market and recent strategic acquisitions.

Portfolio Pulse from Vandana Singh

September 10, 2024 | 6:56 pm

BAYRY

ROIV

Roivant Sciences Ltd. has launched a new subsidiary, Pulmovant, to develop and commercialize the pulmonary hypertension drug mosliciguat, in-licensed from Bayer AG. The drug has shown promising results in reducing pulmonary vascular resistance in trials. Roivant's stock is down 1.88% following the announcement.

Portfolio Pulse from Vandana Singh

September 10, 2024 | 6:21 pm

ANIP

ANI Pharmaceuticals has provided an update on its acquisition of Alimera Sciences, stating that discussions regarding the closing conditions are ongoing but are expected to be resolved promptly.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:15 pm

AMSC

AMSC shares rose as the company announced an expected FY24 revenue of $50 million to $55 million, including its NWL acquisition.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:04 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) is experiencing multiple catalysts that could impact its stock. The end of student loan forbearance may boost its refinancing platform, while its expansion into various financial products and technological innovations through Galileo could attract and retain users.

Portfolio Pulse from Vaishali Prayag

September 10, 2024 | 5:41 pm

CORZ

Core Scientific (NASDAQ:CORZ) is expanding its AI data center services, aiming for a $25-$30 billion valuation. The company has secured significant contracts, including a $3.5 billion deal with CoreWeave, and is focusing on AI infrastructure to offset declining Bitcoin mining revenues.

Portfolio Pulse from Khyathi Dalal

September 10, 2024 | 5:16 pm

SIRI

SiriusXM Holdings Inc. (SIRI) has announced a $1.66 billion stock repurchase program and reiterated its 2024 financial guidance. The company is focusing on improving subscriber value, expanding advertising, and enhancing efficiency after its transaction with Liberty Media. Despite these announcements, SIRI shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 10, 2024 | 4:51 pm

IBM

IBM has announced a definitive agreement to acquire Accelalpha, a global provider of Oracle Fusion Cloud Applications services. The acquisition is expected to close in Q4 2024, pending regulatory approvals. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:32 pm