Streetbeat News

Assets

IFF

International Flavors & Fragrances (IFF) has announced that it is continuing to pursue the sale of its cosmetic ingredients business, Lucas Meyer Cosmetics.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:26 pm

AJG

CATC

EBC

Eastern Bankshares, Inc. has announced its plans to sell the insurance operations of Eastern Insurance Group, LLC to Arthur J. Gallagher for $510M. Additionally, the company has entered a definitive agreement to merge with Cambridge Bancorp in an all-stock transaction valued at $528M.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:16 pm

NHWK

Nighthawk Biosciences has approved a refocus and restructuring plan to shed non-core assets and reduce operating costs, according to an SEC filing on September 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:05 pm

TSHA

Taysha Gene Therapies is planning to pursue external strategic options for its TSHA-120 program, which is expected to extend its cash runway into the fourth quarter of 2025. This move is aimed at supporting the continued clinical development of TSHA-102 in Rett syndrome.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:04 pm

EOG

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years by 5.8% on an annualized basis, producing an average annual return of 13.53%. If an investor had bought $100 of EOG stock 20 years ago, it would be worth $1,246.93 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:00 pm

VLO

A significant bearish stance has been taken on Valero Energy (NYSE:VLO) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $100.0 to $160.0 for Valero Energy over the last 3 months. The price of VLO is down -2.54% at $142.56. Wells Fargo, B of A Securities, Goldman Sachs, and Mizuho have maintained their ratings on Valero Energy.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:46 pm

AMSWA

American Software, Inc. (NASDAQ:AMSWA) has announced the sale of its IT consulting firm, The Proven Method, to Marathon TS, Inc. The divestment is part of American Software's strategy to focus on its core supply chain planning business, allowing its operating entity, Logility, to expand its AI-first supply chain management platform.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:56 pm

SPY

U.S. five-year Treasury yields have risen to 4.513%, the highest level since 2007, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:49 pm

DXCM

Unusual options activity has been observed for DexCom (NASDAQ:DXCM), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 12 uncommon trades, split 50% bullish and 50% bearish. The trades included 2 puts amounting to $99,460 and 10 calls amounting to $1,020,352. The targeted price range for DexCom over the last 3 months has been $85.0 to $130.0. The current price of DXCM is down -1.05% at $94.29. Analysts from UBS, Baird, and Raymond James have maintained their positive ratings on DexCom.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:45 pm

BTCUSD

NMR

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced a Bitcoin Adoption Fund for institutional investors. The fund is part of a Laser Digital Funds Segregated Portfolio Company registered under the Cayman Islands Regulatory Authority. Komainu, a collaboration between Nomura, Ledger, and Coinshares, will serve as the regulated custody partner. This move is part of Nomura's broader strategy to provide digital adoption investment solutions.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 6:44 pm