Streetbeat News

Assets

GLBS

LLAP

VSTE

The article highlights three industrial stocks, Terran Orbital Corp (LLAP), Globus Maritime Ltd (GLBS), and Vast Renewables Ltd (VSTE), which are currently oversold with RSI values below 30, indicating potential buying opportunities. These stocks have experienced significant price declines recently.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 12:19 pm

COCH

Envoy Medical, a company focused on fully implanted hearing devices, has secured a $10 million lending facility, drawing $5 million initially. This funding, provided by major shareholder Glen Taylor, supports the company's growth and milestone achievements.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:07 pm

LQDT

Liquidity Services (NASDAQ:LQDT) is conducting a sealed bid auction for three unused ANGI compressed natural gas refueling stations on AllSurplus.com, available until September 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:02 pm

IMAB

I-Mab reported cash and cash equivalents, and short-term investments totaling $207.5 million as of June 30, 2024. The company expects this cash runway to last until 2027.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:31 am

SVRE

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

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:24 am

FL

Foot Locker opened 5 new stores and closed 31 stores in Q2, indicating a strategic shift in its retail operations.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:54 am

IYE

XLE

XOM

Exxon Mobil plans to sell $1 billion worth of conventional oil assets in the Permian Basin to focus on shale production after acquiring Pioneer Natural Resources. The company aims to produce 4.3 million barrels of oil and gas daily this year. Investors can gain exposure to Exxon Mobil through ETFs like XLE and IYE.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 10:43 am

FBTC

GBTC

IBIT

MSTR

A report by New World Wealth and Henley & Partners highlights a significant increase in cryptocurrency wealth, with Bitcoin leading the surge. The number of Bitcoin millionaires rose by 111% over the past year. The introduction of crypto ETFs like Fidelity Wise Origin Bitcoin Fund, iShares Bitcoin Trust ETF, and Grayscale Bitcoin Trust ETF has driven institutional capital influx. MicroStrategy's co-founder, Michael Saylor, remains a strong Bitcoin advocate.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 9:09 am

ARBK

Argo Blockchain reported H1 2024 revenue of $29.3M, an 18% increase YoY, despite a 46% decrease in Bitcoin mined. The net loss widened to $32.7M from $18.6M YoY. The company raised funds through share issuance and reduced its Galaxy loan significantly. It also recorded a $22M impairment on mining machines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:20 am

SERV

Serve Robotics has announced a private placement and warrant exercise agreement with an institutional investor, raising $20 million. The deal involves pre-funded warrants and common stock warrants, with the latter exercisable at $10 per share.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:48 am