Streetbeat News

Assets

TRSSF

TerrAscend Corp. plans to raise $15 million through two concurrent private placements, consisting of an equity offering of approximately $7.5 million and a debenture offering of approximately $7.5 million. The funds will be used for the company's proposed TSX listing, Maryland dispensary acquisitions, and general corporate purposes.

Portfolio Pulse from Vuk Zdinjak

June 21, 2023 | 2:34 pm

LULU

Unusual options activity has been observed in Lululemon Athletica (NASDAQ:LULU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $380 to $440 for LULU over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:32 pm

DE

A whale has taken a bearish stance on Deere (NYSE:DE) with 60% of recent unusual options activity being bearish. The total amount for puts is $292,403, while calls amount to $196,917. Whales have been targeting a price range of $340 to $450 for Deere over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:31 pm

CACI

CACI International has secured a seven-year, $1.2 billion Spectral mission technology contract with the U.S. Navy's Naval Information Warfare Systems Command. The company will develop and deploy next-generation shipboard signals intelligence, electronic warfare, and information operations weapon systems.

Portfolio Pulse from Shivani Kumaresan

June 21, 2023 | 2:06 pm

CVE

L.F. Investments S.à r.l. has increased its stake in Cenovus Energy to 12.2%, according to a recent 13D SEC filing.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 1:47 pm

XOM

Exxon Mobil Corp (XOM) is in talks with the Guyana government to return unexplored offshore oil areas, according to Reuters. The move comes as the company faces pressure to cut costs and focus on more profitable projects.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 1:32 pm

FDX

MA

MU

The Indian government has approved Micron Technology's $2.7 billion plan for a new semiconductor testing and packaging unit in Gujarat, with production-linked incentives worth $1.34 billion. This comes as the White House urges US chip companies to invest in India to reduce business risks in China.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 1:28 pm

MULN

Mullen Automotive (NASDAQ:MULN) announced an investor financing moratorium for the rest of 2023, stating it has sufficient capital for the next 12 months. The company's stock has declined over 95% since March 31, 2023, but is trading higher by 15% in premarket today.

Portfolio Pulse from Shivani Kumaresan

June 21, 2023 | 1:04 pm

MULN

Mullen Automotive (NASDAQ:MULN) announces a financing moratorium for the rest of 2023, stating it has sufficient capital for at least the next 12 months. The company's assets are unencumbered, except for $7.3M in outstanding debt. Mullen's stock has declined over 95% since March 31, 2023.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:59 pm

CNDT

Conduent Incorporated (NASDAQ:CNDT) has opened its first office in Thessaloniki, Greece, focusing on customer experience management (CXM) services. The company has hired nearly 100 bilingual and multilingual CXM agents, providing German language customer care services for a leading European telecom company.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:46 pm