Streetbeat News

Assets

MVIS

MicroVision has improved its financial position by securing a $75 million senior secured convertible note facility with High Trail Capital. This move is expected to provide the company with additional capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:04 am

MAA

MAA announced that the impact from Hurricanes Helene and Milton was minimal, with only a limited number of units taken offline.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 7:10 am

TVGN

Tevogen's CEO has reaffirmed the company's commitment to transparency regarding its multi-billion-dollar assets following the release of revenue projections.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:32 am

ELS

Equity LifeStyle Properties (ELS) is beginning cleanup efforts following Hurricane Milton. The company does not expect significant financial impact due to adequate insurance coverage.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:25 am

ALL

IAK

KBWP

KIE

PGR

TRV

Moody's Risk Management Solutions has significantly increased its estimated insured losses from Hurricanes Milton and Helene to between $35 billion and $55 billion, nearly quadruple the initial estimate. This has major implications for insurance companies operating in Florida, including Allstate, Travelers, and Progressive, as well as Florida-only carriers. ETFs tracking insurance companies, such as SPDR S&P Insurance ETF, iShares U.S. Insurance ETF, and Invesco KBW Property & Casualty Insurance ETF, showed positive performance.

Portfolio Pulse from Anthony Noto

October 14, 2024 | 10:24 pm

OZ

Belpointe PREP announced that Hurricane Milton did not cause significant damage to their properties. This news is likely to reassure investors about the stability and resilience of their assets.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:02 pm

FCX

Freeport-McMoRan shares are experiencing a decline due to reports of a fire at Freeport Indonesia's Gresik smelter.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:12 pm

GS

Goldman Sachs is selling approximately 16 million shares of Deutsche Bank, with the price range set between €16.01 and the market price. Goldman Sachs is acting as the bookrunner for this transaction.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:00 pm

RYAM

Rayonier Advanced Materials shares are trading lower following an update on a fire at its Jesup, Georgia plant.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:40 pm

VERB

Verb Technology shares surged after the CEO highlighted the company's strong cash position and implied undervaluation. The CEO emphasized the company's market cap, cash balance, minimal debt, and positive business outlook, suggesting the stock should be valued higher.

Portfolio Pulse from Dylan Berman

October 14, 2024 | 3:18 pm