Streetbeat News

Assets

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 3.4 million barrels, which is larger than the expected 3 million barrel draw. This indicates a higher demand or lower supply than anticipated.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:39 pm

ALMS

Samsara Biocapital LP has reported a 6.9% stake in Alumis as of July 1, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:30 pm

SVRE

SaverOne 2024 shares rose following the release of their H1 financial results and the announcement of a strategic asset purchase agreement for Micronet Generation-3 camera products and intellectual property.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:30 pm

SHAK

Shake Shack plans to close nine company-owned locations in California, Ohio, and Texas by September 25. Despite the closures, the company reaffirms its fiscal Q3 and FY24 guidance. Management is offered positions in nearby locations, and hourly team members are eligible for rehire. The company expects Q3 pretax charges between $28M and $30M.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:22 pm

TPL

Texas Pacific Land Corporation has acquired Permian mineral interests and surface acreage for $169 million in cash. These acquisitions are expected to add high-quality assets that will generate attractive returns.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:17 pm

CIFR

Cipher Mining has acquired a new 300 MW data center site in West Texas for $67.5 million, with an additional variable fee of $3 per MWh. This expansion is part of Cipher Mining's growth strategy in the cryptocurrency mining sector.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:11 pm

ARM

Financial giants are making bearish moves on ARM Holdings, with 58% of options trades showing bearish sentiment. The options activity suggests a price range of $70 to $200 for ARM Holdings. ARM's stock is currently trading at $130.64, with a neutral RSI.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 7:45 pm

UNIUSD

Uniswap (UNI) has experienced a 4.79% price drop in the last 24 hours, continuing a week-long negative trend. Despite the price drop, trading volume has increased by 51% over the past week, with the circulating supply also rising slightly. Uniswap's market cap is currently ranked #26 at $4.56 billion.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 7:03 pm

IYR

REZ

RWR

VNQ

XLRE

Investors are pouring $2.2 billion into five U.S.-listed real estate ETFs, anticipating Federal Reserve rate cuts. The iShares U.S. Real Estate ETF (IYR) led with $805.6 million in inflows, followed by Vanguard Real Estate ETF (VNQ) with $613.6 million. The Real Estate Select Sector SPDR Fund (XLRE), SPDR DJ Wilshire REIT ETF (RWR), and iShares Residential and Multisector Real Estate ETF (REZ) also saw significant inflows. Lower interest rates are expected to benefit the real estate sector.

Portfolio Pulse from Piero Cingari

August 27, 2024 | 6:09 pm