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LCID

Lucid Group shares are trading higher following an upgrade to Neutral by Cantor Fitzgerald. The company reported better-than-expected Q2 sales and secured a $1.5 billion commitment from the Public Investment Fund.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:36 pm

NMRK

Newmark Group, Inc. (NASDAQ:NMRK) has arranged a $300 million joint venture between Catalyst Healthcare Real Estate and Heitman to fund the development of purpose-built healthcare properties, including medical outpatient buildings, orthopedic centers, and inpatient rehabilitation facilities.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:04 pm

SPY

The USA 30-Year Bond Auction resulted in a yield of 4.314%, which is lower than the previous yield of 4.405%. The bonds drew a yield of 4.314% compared to the pre-sale when-issued yield of 4.283%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:03 pm

BTCW

ETHE

FETH

GBTC

IBIT

Bitcoin is nearing $60,000 as Bitcoin ETFs bought the dip on Wednesday. Grayscale's ETF saw outflows, while BlackRock and WisdomTree's ETFs saw inflows. Ethereum-based funds experienced net outflows, with Grayscale's ETF seeing significant outflows and Fidelity's ETF seeing inflows. The total net asset value of Bitcoin spot ETFs dipped below $50 billion. Despite Ethereum's underperformance, QCP Capital remains bullish on Bitcoin, noting significant call buying activity.

Portfolio Pulse from Murtuza Merchant

August 08, 2024 | 4:58 pm

HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) reported a net loss of $23.5 million for Q2 2024, up from $12.9 million in the prior year. Despite a 13.1% decrease in net revenue to $54.8 million, the company achieved positive Adjusted EBITDA for the fourth time in five quarters. Hydrofarm also completed an asset sale of Innovative Growers Equipment, which is expected to improve future profitability.

Portfolio Pulse from Rolando García

August 08, 2024 | 4:42 pm

ETCUSD

Ethereum Classic (ETC) saw a 6.38% price increase in the past 24 hours, contrasting with a 12% loss over the past week. Trading volume surged 95% while circulating supply slightly decreased. ETC's market cap is $2.82 billion, ranking it #31.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:00 pm

DVA

DaVita Inc. (NYSE:DVA) announced a private offering of $1 billion in senior notes due 2032. The proceeds will be used to repay portions of its Term Loan B-1 and revolving credit facility borrowings, cover related costs, and potentially for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:20 pm

LODE

Comstock Inc. (NYSE: LODE) has secured a $325 million term sheet from SBC Commerce LLC (SBCC) for investments and real estate sales. SBCC will acquire 100% of Comstock's industrial and commercial real estate and water rights in Nevada for $50 million. The funds will be used to eliminate debt, develop advanced technologies, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:19 pm

NVGS

Navigator Holdings Ltd. (NYSE: NVGS) has invested $2.5 million alongside Attis Clean Energy in Ten08 Energy to develop a clean ammonia production facility on the US Gulf Coast. The project aims to produce ultra-low carbon ammonia by late 2029/early 2030. Navigator has an option to invest up to $100 million at the Final Investment Decision stage.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:49 pm

QNRX

Quoin Pharmaceuticals reported having approximately $12.6 million in cash, cash equivalents, and marketable securities as of June 30, 2024. This funding is expected to support the company's operations into late 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:33 pm