Streetbeat News

Assets

TSLA

Elon Musk has identified successors for Tesla and his other companies, but none of them are his children. He also doesn't plan to hand over any of his voting shares to his kids, believing it's a mistake to pass companies down or give voting shares to offspring.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 9:22 pm

IWD

IWF

Value stocks have fallen to a seven-month low in relation to growth stocks, with AI-related rallies propelling technology equities. The ratio between iShares Russell 1000 Value ETF (IWD) and iShares Russell 1000 Growth ETF (IWF) has reached levels not seen since January 2022, indicating underperformance of value-oriented companies.

Portfolio Pulse from Piero Cingari

May 25, 2023 | 9:18 pm

ES

Eversource Energy has agreed to sell its 50% interest in an uncommitted offshore lease area of 175,000 acres off the coast of Massachusetts to Ørsted for $625 million in an all-cash transaction. The deal is expected to close by Q3 2023, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:31 pm

TLRY

Tilray Brands, Inc. has announced a proposed registered offering of $150 million of Convertible Senior Notes due 2027. A portion of the proceeds will be used to refinance existing debt. The offering is subject to market and other conditions.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:27 pm

T

A whale has taken a bearish stance on AT&T (NYSE:T) with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $10.0 to $17.0 for AT&T over the last 3 months. The stock is currently down 4.98% at $15.15.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 8:19 pm

REGN

A whale has taken a bullish stance on Regeneron Pharmaceuticals (NASDAQ: REGN) with unusual options activity detected. 50% of investors opened trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $700 to $900 for REGN over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 8:19 pm

WDAY

Workday has appointed Zane Rowe as its new CFO, effective June 12, 2023. Rowe will be responsible for finance and accounting functions, internal audit, investor relations, and advising on business strategy and product development.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:09 pm

VIEW

View Inc. has been granted EU Patent #3422095 for multi-sensor devices used in smart windows and smart homes. The NASDAQ-listed company's stock price is expected to move higher.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 7:59 pm

GBRG

SDA

SunCar Technology Group Inc. has announced a $22M private placement of 2,173,657 Class A shares with Anji Zerun Private Equity Investment Partnership. This follows SunCar's recent business combination with Goldenbridge Acquisition Limited.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 7:47 pm

DXCM

Unusual options activity has been observed for DexCom (NASDAQ:DXCM), with a large position appearing on publicly available options history. The sentiment of these big-money traders is split between 72% bullish and 27% bearish. Whales have been targeting a price range from $105.0 to $142.5 for DexCom over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 7:33 pm