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Assets

CTO

CTO Realty Growth has sold the Westcliff Shopping Center, a 134,750 square foot single community shopping center in Texas, for $14.8M. The sale represents an exit cap rate of 5.2% and generated a loss of approximately $0.9M.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:45 am

STRM

Streamline Health has received a termination notice from a legacy client, which was contributing approximately $4.5 million in annualized revenue. As a result, the company is accelerating its restructuring initiatives and suspending previous guidance related to Booked SaaS ACV. Updates on future expectations will be provided with the release of its fiscal third quarter 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:10 am

XERS

Xeris Biopharma expects its cash utilization for the year 2023 to be between $52M and $57M.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:07 am

CVS

CVS Health's EVP, CFO and President of Health Services, Shawn Guertin, is taking a leave of absence due to unforeseen family health reasons. Tom Cowhey, SVP of Corporate Finance, has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:35 am

ENLT

Enlight Renewable Energy (NASDAQ:ENLT) has commenced commercial operations at Genesis Wind, the largest renewable energy project in Israel. The project, which was connected to Israel's electricity grid in June 2023, began selling electricity on October 13. Initially, 34 of the project's 39 turbines are operational, with the remaining five expected to be operational after final tests. The project is expected to generate revenues of approximately $49-51 million and EBITDA of approximately $39-41 million in the first full year of operation.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:04 am

BRK

Charlie Munger, Vice-Chairman of Berkshire Hathaway, could have amassed a fortune of over $10 billion if he had retained all his Berkshire Hathaway stocks. Munger, who currently owns 4,033 Class A shares of the company valued at $2.1 billion, has sold or donated over 75% of his Berkshire stock over the years for philanthropic endeavors.

Portfolio Pulse from Benzinga Neuro

October 16, 2023 | 7:11 am

HON

Honeywell's 32nd Annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $278B from 2024 to 2033. New business jet deliveries in 2024 are expected to be 10% higher than in 2023, with expenditures 13% higher. Fleet additions are up for the third year in a row, topping 3% of the fleet. Large, long-range and ultra-long-range aircraft classes are expected to account for about 69% of all expenditures of new business jets in the next five years.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:55 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The burn rate of Shiba Inu (SHIB) has surged over 270% in the past 24 hours, with 48 million SHIB tokens burnt and removed from circulation. The number of SHIB addresses profiting from holding SHIB tokens has risen from 7% to 9%. In addition, tickets for the film “Taylor Swift: The Eras Tour” can now be purchased using SHIB, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) due to a partnership between BitPay and AMC. SHIB's price has surpassed the crucial support level at $0.0000070.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 6:17 am

BBJP

DXJ

EWJ

Japan's industrial production for August has decreased by 0.7%, compared to the estimated 0.0% and the prior -1.8%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:37 am