Streetbeat News

Assets

NFE

New Fortress Energy announced two major financial transactions totaling approximately $3 billion. The company issued 46.349 million shares of Class A common stock at $8.63 per share, raising $400 million. CEO Wes Edens purchased $50 million worth of shares. Additionally, a Transaction Support Agreement was made with existing noteholders.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:20 pm

USO

XLE

President Biden's administration purchased 6 million barrels of crude oil to refill the Strategic Petroleum Reserve at an average price of $68.56 per barrel. This move is part of a strategy to stabilize the oil market, following the release of over 100 million barrels in 2022. The United States Oil Fund (USO) and the Energy Select Sector SPDR Fund (XLE) experienced fluctuations amid geopolitical tensions.

Portfolio Pulse from Aaron Bry

October 02, 2024 | 8:35 pm

CSR

Centerspace has expanded its presence in Denver by acquiring The Lydian for $54 million. The acquisition was financed through a combination of mortgage debt, operating partnership units, and cash. Additionally, Centerspace completed the redemption of its 6.625% Series C Preferred Shares, using proceeds from ATM sales and debt pay down.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:32 pm

BAC

LEVI

Levi Strauss is conducting a strategic review of its Dockers brand, considering a potential sale or other strategic transactions. Bank of America has been retained as the financial advisor. There is no set deadline or guarantee of any outcome.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:26 pm

TPL

Texas Pacific Land Corporation has completed the acquisition of oil and gas mineral and royalty interests in the Permian Basin for $286 million in cash. This strategic move is expected to enhance TPL's asset portfolio and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:16 pm

CDXS

Codexis has increased its cash reserves by $31 million through capital raises, extending its cash runway into 2027. The company also appointed Georgia Erbez as CFO and Alison Moore as CTO.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:10 pm

BTCUSD

A Bitcoin whale has moved $46 million worth of BTC to Binance amid rising geopolitical tensions, causing a 3% price drop. Analysts predict further volatility, with potential for Bitcoin to drop to $57,000.

Portfolio Pulse from Khyathi Dalal

October 02, 2024 | 7:06 pm

ENVX

Wealthy investors are showing a bullish stance on Enovix (NASDAQ:ENVX) with significant options activity, indicating potential price movements. The sentiment is 75% bullish, with a focus on a price range of $3.0 to $15.0. Enovix is currently trading at $9.1, up by 6.06%.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 7:03 pm

XLMUSD

Stellar's (XLM) price has decreased by 3.99% in the last 24 hours, continuing a weekly decline of 3.0%. Despite the price drop, trading volume has surged by 94.0%, and the circulating supply has slightly increased. Stellar's market cap is ranked #35 at $2.73 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 7:01 pm

EXIM

The US Exim Bank has approved a $98 million loan for Romania's Doicești Small Modular Reactor (SMR) project, marking the first SMR in Southeastern Europe. The total project is valued at $4.9 billion, with a final investment decision pending the completion of a FEED study.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:29 pm