Streetbeat News

Assets

CBRE

CBRE Group has priced a $1 billion senior notes offering, intending to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:01 pm

SPY

VGK

The Pentagon discovered a $6.2 billion accounting error in its estimation of the value of weapons sent to Ukraine over the past two years. The surplus will be used for future security packages. The error occurred due to the use of replacement costs instead of book value for the equipment.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 9:26 pm

COIN

SCHW

EDX Markets, an institutional-only crypto exchange, has launched with support from major financial firms like Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp (NYSE:SCHW). The platform offers a non-custodial model and has started trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 8:51 pm

MU

Unusual options activity has been observed in Micron Technology (NASDAQ:MU), with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $45.0 to $105.0 for Micron Technology over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:47 pm

VZ

A large bearish position on Verizon Communications (NYSE:VZ) has been spotted, with 14 uncommon options trades identified. The overall sentiment is split between 28% bullish and 71% bearish. Whales have been targeting a price range from $28.0 to $55.0 for Verizon over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:46 pm

LEG

Over the past three months, shares of Leggett & Platt Inc. (NYSE:LEG) decreased by 1.56%. The company's total debt stands at $2.12 billion, with a net debt of $1.77 billion after adjusting for $344.50 million in cash-equivalents. Leggett & Platt's debt-ratio is 0.4, based on its $5.27 billion in total assets.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:30 pm

VLO

A whale has taken a bullish stance on Valero Energy (NYSE:VLO) with 72% of investors opening trades with bullish expectations. Whales have been targeting a price range of $100 to $140 for Valero Energy over the last 3 months. The stock is currently down 2.85% at $110.96.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:17 pm

ABT

Unusual options activity has been observed in Abbott Laboratories (NYSE:ABT), with 69% of investors taking a bearish stance. Whales have been targeting a price range of $90 to $110 for the company over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 8:16 pm

VRPX

Virpax Pharmaceuticals has appointed Vinay Shah as its new CFO, effective June 20, 2023, following the resignation of Christopher Chipman. Chipman will remain with the company until June 30, 2023, to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:13 pm

IAC

IAC (NASDAQ:IAC) announced leadership changes at its Care.com and Ask Media Group subsidiaries. Brad Wilson has been appointed as the new CEO of Care.com, succeeding Tim Allen, who will now assume the CEO role at IAC's Ask Media Group.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:10 pm