Streetbeat News

Equity Actions

BABA

NVDA

RIVN

TSLA

Cryptocurrencies trade mixed as Dogecoin mirrors 2023 bull market patterns, and Bitcoin's potential post-halving correction could target $40K. Rivian rebounds in premarket trading. Analysts predict a pause in US stock rally and discuss potential impacts of a second Trump presidency. International tensions rise with US-China relations and covert operations in Ukraine. Tech sector sees Nvidia's upside potential and Alibaba's optimism, while electric vehicle companies like Tesla and Rivian make headlines. Broadcom nears a strategic sale, and financial deals include Ant Group's acquisition of Credit Suisse's China unit.

Portfolio Pulse from Akanksha Bakshi

February 26, 2024 | 1:46 pm

OWLT

Owlet has announced a $9M private placement involving the issuance of Series B preferred stock convertible into approximately 1.2 million shares of common stock. Purchasers will also receive warrants to buy 150% more shares at $7.7125 each, exercisable for five years.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:38 pm

NRXP

NRx Pharmaceuticals announced the launch of HOPE Therapeutics at the BIO CEO & Investor Conference 2024, proposing to award 50% of founding shares to current shareholders along with a royalty coupon, contingent on board approval. The dividend is tied to a covenant against short selling NRx stock. HOPE plans to have ketamine supplies ready for shipment under 503a pharmacy regulations by July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:32 pm

MSTR

MicroStrategy and its subsidiaries acquired approximately 3,000 Bitcoins for about $155.4M, at an average price of $51,813 each, between February 15 and February 25, 2024. As of February 25, 2024, the company holds an aggregate of ~193,000 Bitcoins, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:22 pm

DPZ

Domino's Pizza's stock is trading higher following the announcement of better-than-expected fourth-quarter earnings per share (EPS), an increase in its dividend, and the authorization of an additional stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:04 pm

OKTA

Recent analyst evaluations of Okta (NASDAQ:OKTA) show a mix of bullish and bearish perspectives with 18 analysts offering their ratings. The average 12-month price target is $85.67, reflecting a 1.81% increase from the previous target of $84.15. Analyst actions include both upgrades and downgrades, with price targets ranging from $70.00 to $110.00. Okta, a cloud-native security company, has shown impressive revenue growth and financial performance, despite lagging behind industry peers in revenue growth rate.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 1:01 pm

C

Citigroup has appointed Viswas Raghavan as the head of banking, according to a memo from CEO Jane Fraser cited by Reuters.

Portfolio Pulse from Charles Gross

February 26, 2024 | 12:57 pm

MKL

Mike Heaton has been appointed as the Executive Vice President and COO of Markel Group, effective immediately. In his expanded role, he will manage the day-to-day operations and continue to develop the system supporting Markel Group's family of companies. Heaton previously played a key role in transforming Markel Corporation into Markel Group Inc., establishing a more formal holding company structure.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:46 pm

DIS

Blackwells Capital has released a vision for the future of technology at Disney, proposing a 5-point strategic plan. They urge Disney shareholders to vote for their nominees Jessica Schell, Craig Hatkoff, and Leah Solivan on the green proxy card.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:35 pm

ATNF

180 Life Sciences plans a reverse stock split at a 1-for-19 ratio, effective February 28, 2024, to meet Nasdaq's minimum bid price requirement for continued listing.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:17 pm