Streetbeat News

Assets

AVTR

Avantor has completed the sale of its Clinical Services business for approximately $650 million. The company expects $500 million in after-tax cash proceeds and a reduction of $50 million in capitalized leases.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 11:07 am

FQVLF

GOLD

Manara Minerals, a joint venture between Saudi Arabia's PIF and Ma'aden, is nearing a deal to acquire a 15-20% stake in First Quantum Minerals' Zambian copper and nickel assets for $1.5-$2 billion. This move aligns with Manara's recent investments and helps First Quantum manage its debt amid infrastructure challenges in Zambia.

Portfolio Pulse from Stjepan Kalinic

October 18, 2024 | 11:03 am

BHC

BLCO

Bausch Health has rejected bondholders' debt proposals and is exploring the sale of its Bausch + Lomb Vision Care subsidiary.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 9:14 am

SLB

SLB has agreed to sell its interests in the Palliser Block in Alberta, Canada. The transaction includes oil and gas wells, surface facilities, a pipeline network, and development rights. The deal is subject to regulatory approval and is expected to close in late Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:47 pm

ANY

Sphere 3D reported a significant decrease in Bitcoin mining production for September 2024, mining only 9.2 Bitcoins compared to 63.6 the previous year. This decrease is due to a strategic shift towards lower-cost hosting sites, which has improved the company's balance sheet. Sphere 3D is also upgrading its mining fleet with higher-efficiency machines.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:44 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are experiencing a down day, with Bitcoin, Ethereum, and Dogecoin consolidating recent gains. Despite the downturn, traders are optimistic about a new bull cycle. Bitcoin ETFs have seen significant purchases, while Bitcoin's price is approaching a critical resistance level.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 7:40 pm

AAVEUSD

Aave's price has decreased by 3.17% in the last 24 hours to $151.92, despite a 10% gain over the past week. Trading volume has dropped by 49% and its circulating supply is at 93.47% of the max supply. Aave's market cap is $2.28 billion, ranking it #45.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 7:02 pm

GEO

Citron Research highlights that GEO Group has updated the net asset value (NAV) of their assets to over $45 per share, a move largely unnoticed by Wall Street. GEO's management states that their company-owned facilities have a replacement value exceeding $6 billion due to increased construction and development costs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:18 pm

BA

ENVX

ETN

GEV

HON

JBLU

KTOS

PAYX

RTX

The article highlights unusual options activity in the industrials sector, focusing on nine stocks: ENVX, HON, PAYX, KTOS, RTX, JBLU, ETN, BA, and GEV. It provides details on the type of options, sentiment, expiration dates, and trade volumes.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:35 pm