Streetbeat News

Assets

INSG

Inseego has announced the sale of its telematics business to Convergence Partners for $52 million in cash. The proceeds will be used to reduce debt and focus on growth in 5G mobility and fixed wireless solutions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:06 pm

MSTR

MicroStrategy has announced a $700 million private offering of convertible senior notes due in 2028, with an option to purchase an additional $105 million. The offering is subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:05 pm

Central Pacific is reportedly close to acquiring Hawaiian Electric's bank, which could improve Hawaiian Electric's financial situation following the Maui fire. Warburg, Centerbridge, and Atlas are in talks to fund the deal.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:24 pm

SPY

USO

Storm Francine has led to the shutdown of 12% of oil production and 16% of natural gas production in the U.S. Gulf of Mexico, as reported by Reuters citing BSEE.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:04 pm

SIRI

Sirius XM Holdings (NASDAQ:SIRI) has seen a surge in options activity, with significant trades indicating a potential price movement. The options activity is split between bullish and bearish sentiments, with a notable price range of $20.0 to $35.0. The stock is currently down by 6.41% at $22.94, and analysts have a neutral rating with a target price of $28.0.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:45 pm

AFRM

AGNC

AIG

COIN

HOOD

KKR

WFC

The article highlights significant options activity for 10 financial stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for HOOD, WFC, SQ, COIN, AIG, AFRM, BX, and V, while AGNC shows bearish sentiment. KKR remains neutral.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

AMZN

EVGO

LCID

MCD

NKE

TSLA

ULTA

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in stocks like JD, AMZN, TSLA, NKE, W, LCID, EVGO, HD, MCD, and ULTA. These activities indicate potential short-term price movements based on the sentiment of the trades.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

ADBE

AMD

AVGO

IBM

INTC

NVDA

ORCL

SMCI

WOLF

The article highlights significant options activity for 10 information technology stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for NVDA, ORCL, MU, and INTC, while SMCI, IBM, AMD, AVGO, and WOLF show bullish sentiment. ADBE remains neutral.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares fell after announcing a $300 million convertible senior notes offering. The notes, maturing in 2029, can be converted into cash or stock. Proceeds will fund capped call transactions and repurchase existing notes. The stock is trading above its 50-day average, but analysts suggest potential downside.

Portfolio Pulse from Erica Kollmann

September 16, 2024 | 4:51 pm

ABNB

Airbnb (NASDAQ:ABNB) has seen a surge in options activity, with a mix of bullish and bearish trades. Notably, 9 uncommon options trades were identified, with a majority being calls. The trading activity suggests a focus on a price range between $70 and $160. The current market status shows ABNB trading at $117.22, with a neutral RSI and an upcoming earnings announcement in 44 days.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 4:45 pm