Streetbeat News

Assets

DKL

Delek Logistics Partners has priced a public offering of 3,846,153 common units at $39 per unit. The proceeds will be used to redeem convertible preferred units and repay borrowings under its credit agreement.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:21 am

SRRK

Scholar Rock Holding Corporation (NASDAQ:SRRK) announced an upsized public offering of 10,265,488 shares of common stock at $28.25 per share, along with pre-funded warrants. This move aims to raise $300 million to support its biopharmaceutical initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:13 am

CRNX

Crinetics Pharmaceuticals has announced a $500 million upsized public offering of 10 million common shares at $50 per share. The proceeds will be used for R&D, pre-commercialization activities, and potentially for acquisitions or investments.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:07 am

FFIE

Faraday Future (FFIE) has received a 10% stake in Grow Fandor from its founder YT Jia. Jia transferred nearly 60% of his personal shares, equating to 10% of Grow Fandor's total shares, to Faraday Future as a gift.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:50 am

ALL

PGR

STFGX

TRV

Florida's insurance market is under severe strain following hurricanes Helene and Milton, with significant financial impacts on major insurers like Allstate, Travelers, Progressive, and State Farm. Rising premiums and insurer exits are exacerbating the situation.

Portfolio Pulse from Anthony Noto

October 08, 2024 | 9:40 pm

SVM

Silvercorp Metals has announced the renewal of its SGX mine permit for another 11 years, with an increased capacity of 500,000 tonnes per year. This development is significant for the company's future production capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:21 pm

PLTR

SRFM

Surf Air Mobility issued 1.27 million shares of common stock to Palantir Technologies for in-kind services valued at $1.6 million.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:06 pm

AVO

Mission Produce Inc. (NASDAQ:AVO) has seen a 0.81% increase in share price to $12.40, despite a 4.54% decline over the past month. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or low growth expectations. Investors should consider other metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 8:45 pm

SPY

USO

The USA API weekly crude oil stock report revealed a significant build of 10.9 million barrels, far exceeding the estimated build of 1.950 million barrels and contrasting with the previous draw of 1.458 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:36 pm

ALL

BRK

CB

CMCSA

DIS

KMI

PGR

TRV

Hurricane Milton, a Category 4 storm, is approaching Florida, potentially impacting the insurance sector and the broader U.S. economy. Insurance stocks like Berkshire Hathaway, Allstate, Chubb, Progressive, and Travelers may experience volatility. Kinder Morgan and Citgo have shut down operations in Florida, while Disney and Universal theme parks remain open. The storm could cause significant economic damage, with estimates reaching up to $175 billion.

Portfolio Pulse from Chris Katje

October 08, 2024 | 8:32 pm