Streetbeat News

Assets

BRK

BYDDY

Warren Buffett's Berkshire Hathaway is reducing its stake in BYD Co., Ltd. to less than 6%, despite BYD's record sales. Berkshire sold 2.02 million Hong Kong-listed shares of BYD, fetching $60.61 million. This follows an earlier sale of 1.3 million shares. BYD continues to see strong sales and profits.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 2:05 pm

SEDG

SolarEdge Technologies Inc (NASDAQ:SEDG) shares are trading lower after the company announced a private offering of $300 million convertible senior notes due 2029. The offering is targeted at qualified institutional buyers, with an option to purchase an additional $45 million. The proceeds will be used for capped call transactions.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 1:22 pm

HHS

Harte Hanks, Inc. (NASDAQ:HHS) has finalized the divestment and termination of its obligations related to Qualified Pension Plan I, effective August 2024. Nationwide will provide benefits to Plan I pension members starting August 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:47 pm

ENVX

RGS

SEDG

Market-Moving News for June 25th: Regis (RGS) shares surged 164% after announcing a new senior secured credit facility with TCW Asset Management. Enovix (ENVX) shares rose 24% following a deal to supply silicon batteries for mixed reality headsets. SolarEdge Technologies (SEDG) shares fell 19% after announcing a $300 million convertible notes offering due 2029.

Portfolio Pulse from ryanfaloona@benzinga.com

June 25, 2024 | 12:40 pm

CBRE

A joint venture has launched Project Scarlet, a mixed-use development valued at over $100 million. The project aims to combine residential, commercial, and retail spaces.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:39 pm

LRE

Lead Real Estate Co., Ltd. (NASDAQ:LRE) has entered into a business alliance agreement with Samurai Capital Co., Ltd., involving a trust beneficiary interest purchase agreement worth approximately $26.1 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:36 pm

DIVD

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares are trading higher premarket after the company announced it sold $2.04 billion in cross-shareholdings in the fiscal year ended March 2024. Toyota now holds shares in 124 companies, down from 200 in 2015. The company also released a new ad campaign for the Corolla Hybrid. Despite recent setbacks, including a $15 billion market cap loss and a temporary halt in shipments of certain models, Toyota stock has gained 29% in the last 12 months. Investors can gain exposure via Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) and Altrius Global Dividend ETF (NASDAQ:DIVD).

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 11:50 am

SEM

Select Medical announced that Concentra Escrow Issuer has commenced an offering of $750 million senior notes due 2032. This is part of Select Medical's plan to separate Concentra.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:29 am

SEDG

SolarEdge Technologies shares are trading lower following the announcement of a $300 million private offering of convertible notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:28 am

BTCUSD

COIN

The German Government transferred 400 BTC, valued at approximately $24.34 million, to major cryptocurrency exchanges Coinbase Inc. (NASDAQ:COIN) and Kraken. This follows a previous transfer of 1,700 BTC to Coinbase, Bitstamp, and Kraken. The crypto community is closely monitoring these actions, which may influence short-term market dynamics.

Portfolio Pulse from Murtuza Merchant

June 25, 2024 | 11:25 am