Streetbeat News

Assets

BIVI

BioVie Inc. has announced a registered direct offering and concurrent private placement, raising $6 million through the sale of 2.67 million shares at $2.25 per share. The company will issue unregistered warrants for additional shares, with proceeds intended for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:26 pm

BNO

USO

Oil prices are declining due to an increase in US crude inventories, which suggests a potential oversupply in the market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:25 pm

BTCUSD

Bernstein analysts predict Bitcoin could reach $200,000 by 2025, driven by institutional demand and the introduction of spot Bitcoin ETFs. The report highlights Bitcoin's unique supply structure and the impact of halving events. Institutional adoption is expected to rise, with ETFs playing a key role.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 6:24 pm

COIN

ERIE

GPN

GS

HOOD

JPM

LC

SCHW

STWD

YRD

The article highlights significant options activity in the financial sector, with whale alerts indicating potential trading opportunities. Notable options trades include bearish puts for COIN, GS, and GPN, and bullish calls for LC, SCHW, and HOOD.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:35 pm

AMZN

BABA

BLD

CZR

GCT

GM

HD

TJX

TSLA

WGO

The article highlights significant options activity in the Consumer Discretionary sector, focusing on trades involving companies like TSLA, BABA, AMZN, CZR, HD, TJX, GM, GCT, BLD, and WGO. These trades indicate varying market sentiments, from bullish to bearish, and could signal potential trading opportunities.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:35 pm

SPY

VGK

The G7 allies, including the United States, are providing a $50 billion loan to Ukraine, backed by frozen Russian assets. The U.S. is contributing $20 billion, with repayment from interest on these assets.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:14 pm

ORI

Old Republic Intl Inc. (NYSE:ORI) is trading at $35.81 with a 0.13% increase. Over the past month, the stock rose by 1.46% and by 28.60% over the past year. Its P/E ratio is lower than the insurance industry average, suggesting potential undervaluation or low growth expectations.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 4:49 pm

SLB

Schlumberger (SLB) recorded severance charges of $111 million in Q2 and $65 million in Q3 of 2024 as part of a restructuring program to optimize its support and service delivery structure.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 4:46 pm

WKEY

WISeKey International has signed agreements for up to $30 million in convertible notes with institutional investors. The initial issuance is $2.5 million, with potential for additional tranches. The notes are convertible into Class B shares at a variable price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 4:07 pm

NU

The options market indicates a bearish sentiment towards Nu Holdings (NYSE:NU), with 75% of big-money traders taking a bearish stance. Recent options activity shows a focus on a price range of $15.0 to $17.0. The stock is currently trading at $14.88, up by 2.3%, but may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 3:30 pm