Streetbeat News

Assets

EPD

ETR

GNRC

SHEL

Energy companies on the U.S. Gulf Coast experienced minimal damage from Hurricane Francine, which weakened as it moved inland. Shell, Entergy, and Enterprise Products Partners reported no significant damage to their facilities, while Generac Holdings saw a decline in stock price.

Portfolio Pulse from Michael Juliano

September 12, 2024 | 11:55 pm

LRFC

Logan Ridge Finance Corporation has exited its largest equity investment in Nth Degree Investment Group, LLC. This move could impact Logan Ridge's financials and investment strategy.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:54 pm

CGAU

Centerra Gold has announced its total project costs guidance for the Thompson Creek project for the second half of 2024, estimating costs between $55 million and $65 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:03 pm

CDTX

Cidara Therapeutics anticipates incurring approximately $1.2 million in charges for severance payments and employee benefits, mainly in Q4 2024. The company also plans to start a Phase 2b clinical trial for CD388, aimed at preventing influenza, in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:23 pm

HSCS

HeartSciences reported having $4.3 million in cash and cash equivalents and a shareholder's equity of $5.9 million as of July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:19 pm

OXY

Occidental's subsidiary, 1PointFive, has been awarded up to $500 million by the U.S. Department of Energy to develop a Direct Air Capture Hub in South Texas, with potential funding increasing to $650 million for regional expansion.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:14 pm

PCT

PureCycle Technologies shares rose after announcing a $90 million capital raise through transactions with Sylebra Capital Management and Samlyn Capital.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:46 pm

DJD

FYBR

SPDG

VZ

Verizon Communications Inc (NYSE:VZ) is set to record up to $1.9 billion in costs for layoffs and asset sales in Q3 2024. The company plans to downsize 4,800 employees and discontinue certain real estate assets. Verizon recently reported a slight topline growth and agreed to acquire Frontier Communications for $20 billion.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 6:20 pm

BAC

BK

BX

COIN

CRBG

GS

HOOD

IVZ

MA

PGR

The article highlights unusual options activity in the financial sector, focusing on trades involving companies like PGR, HOOD, COIN, CRBG, IVZ, BAC, MA, BK, BX, and GS. These activities indicate potential trading opportunities based on bullish or bearish sentiments.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:35 pm