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IBIT

Mohamed El-Erian highlighted Bitcoin's underperformance in August compared to other major asset classes, despite being the best-performing asset year-to-date. While the Dow and S&P 500 saw gains, Bitcoin fell over 11%. The sentiment around Bitcoin remains weak, with net outflows in August and a historically unfavorable September.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 2:49 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, started September on a weak note, with significant price drops. Bitcoin fell below $58,000, Ethereum hit a three-week low, and Dogecoin saw a notable decline. The market is in a state of 'Fear' as investors shift to stablecoins, indicating caution. Analysts emphasize the importance of Bitcoin's weekly close above $58,450 to maintain support levels.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 2:01 am

APTO

Aptose Biosciences shares rose following the announcement of a $10 million loan agreement with Hanmi Pharmaceutical Co.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:32 pm

MSEX

Tidewater Utilities, a subsidiary of Middlesex Water Company, has filed for a rate adjustment with the Delaware Public Service Commission to recover $150 million in investments made over the past decade. These investments aim to enhance water quality, service reliability, and infrastructure resiliency.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:30 pm

RLMD

Relmada Therapeutics has filed for a mixed shelf offering of up to $250 million, according to an SEC filing. This move allows the company to raise capital through the sale of various securities, which could include common stock, preferred stock, debt securities, and warrants.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:30 pm

ASC

Ardmore Shipping has filed with the SEC for a mixed shelf offering of up to $500 million, which could include various securities such as common stock, preferred stock, debt securities, and warrants. This move provides Ardmore with the flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:24 pm

APLD

Applied Digital has secured $50 million in private financing through convertible preferred stock to support its expansion plans and the buildout of its Ellendale High-Performance Computing (HPC) facility.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:05 pm

RMBL

RumbleOn has filed for a mixed shelf offering of up to $250 million, according to an SEC filing. This move allows the company to offer various securities, including debt and equity, to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:46 pm

WLGS

Wang & Lee Group has filed for a mixed shelf offering with the SEC, aiming to raise up to $30 million. This move allows the company to issue various types of securities over time, providing flexibility in raising capital.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 5:37 pm

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AXP

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COIN

CRBG

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PYPL

WFC

The article highlights unusual options activity for 10 financial stocks, providing insights into potential trading opportunities. It details the sentiment, expiration dates, and trade types for each stock's options activity.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 5:35 pm