Streetbeat News

Assets

ELTX

Yekaterina Chudnovsky has reported a 19.99% stake in Elicio Therapeutics as of December 22, 2023, according to an amended 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:42 pm

CCCC

RA Capital Management has disclosed a 9.9% passive stake in C4 Therapeutics, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:39 pm

SOLUSD

An anonymous crypto trader used 30 Solana (SOL) tokens to buy 16 billion Analos memecoin and sold 14.5 billion for 3.45 million USDC, retaining 1.56 billion SOL worth $2.34 million. Solana's price is down 12.6% in 24 hours but up 88.6% in a month. Solana's active addresses and developer interest are increasing, with a crypto influencer predicting a pivotal week for Solana's ecosystem.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 9:16 pm

JNJ

LIAN

LianBio Development Limited and its affiliates have entered into an asset purchase agreement with Janssen Pharmaceutica NV, a unit of Johnson & Johnson. Under the agreement, LianBio will sell all of its rights and interests in products licensed to Janssen, as disclosed in an SEC filing on Dec 22.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:13 pm

ACNT

Ascent Industries Co. (NASDAQ:ACNT) has completed the sale of Specialty Pipe & Tube for $55 million in cash. The deal closed on December 22, 2023. The proceeds will be used to reduce debt and for general corporate purposes. This strategic move simplifies Ascent's operations and allows the company to focus on its core competencies for future growth. The divestiture is seen as a value-creating outcome for shareholders, as it provides capital for growth and reduces debt.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:07 pm

CVX

Chevron experienced an unplanned flare event at its El Segundo, California refinery, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 8:53 pm

FMX

Over the past 20 years, Fomento Economico (NYSE:FMX) has delivered an average annual return of 12.6%, outperforming the market by 5.06% annually. A $1000 investment in FMX 20 years ago would be worth $10,725.75 today. The company currently has a market cap of $236.74 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 8:30 pm

AA

ASPN

GAU

GFI

GLT

NGVT

ZKIN

ZK International Group (ZKIN) has regained compliance with Nasdaq's bid price requirement, with its stock price exceeding $1.00 for 10 consecutive days. The materials sector shows signs of being overbought, with Alcoa Corporation (AA), Glatfelter Corporation (GLT), Aspen Aerogels, Inc. (ASPN), and Ingevity Corporation (NGVT) all having high RSIs, suggesting a potential pullback. Galiano Gold Inc. (GAU) is set to own 90% of the Asanko joint venture after Gold Fields Limited (GFI) agreed to sell its stake.

Portfolio Pulse from Austin DeNoce

December 26, 2023 | 8:14 pm

SBUX

Over the past 20 years, Starbucks (NASDAQ:SBUX) has produced an average annual return of 13.04%, outperforming the market by 5.5%. A $100 investment in SBUX 20 years ago would now be worth $1,160.01. The company's current market capitalization stands at $108.49 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 8:00 pm

BITO

GBTC

The cryptocurrency ETP market is valued at $50.3 billion, with Bitcoin ETPs at $35.4 billion, led by Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategies (BITO). Ethereum ETPs are valued at $8.8 billion, with Grayscale Ethereum Trust as a major asset. Altcoins like Solana and Avalanche also have dedicated ETPs. The potential approval of a Spot Bitcoin ETF in January 2024 is expected to significantly impact the market and attract new investors, with Bitwise predicting it could be the most successful ETF launch ever. Coinshares reported $103 million in digital asset inflows, with Bitcoin accounting for $87 million.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 7:25 pm