Streetbeat News

Equity Actions

ALB

Albemarle Corporation's (NYSE:ALB) short interest has increased by 17.02% since the last report, with 14.13 million shares sold short, representing 13.75% of available shares. It would take about 6.31 days to cover all short positions. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, ALB has a significantly higher short interest percentage of float (13.75% vs. 2.97% average).

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:45 pm

BLK

JPM

Franklin Templeton, a $1.5 trillion fund, handed over its Twitter account to its Digital Assets Research Team, which posted memes and bullish takes on cryptocurrencies like Bitcoin and Solana. This reflects a broader culture shift in traditional finance towards embracing cryptocurrency culture. The fund's actions, including adding 'laser eyes' to its avatar and discussing a potential Solana ETF, indicate a growing accommodation of crypto by traditional financial institutions. Industry figures like Nic Carter and Emin Gün Sirer reacted to the event, while BlackRock CEO Larry Fink and JPMorgan CEO Jamie Dimon expressed support for tokenization.

Portfolio Pulse from Ivan Crnogatić

January 18, 2024 | 5:44 pm

SURG

SurgePays, Inc. has priced a public offering of 2,678,571 shares at $5.60 each, aiming to raise $15 million. The news has led to a decline in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:29 pm

ROI

RiskOn International has filed a prospectus with the SEC to potentially offer a mix of securities including common stock, preferred stock, warrants, rights, or units, with a total initial offering price not exceeding $25 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:27 pm

ZOM

Zomedica's stock is trading lower following the announcement of preliminary Q4 and FY23 revenue guidance and a 1-for-80 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:17 pm

FIS

Fidelity National Info (NYSE:FIS) has been analyzed by 4 analysts in the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target is $66.5, with a high of $73.00 and a low of $55.00, reflecting a slight increase from the previous target of $65.50. Analysts from Mizuho, RBC Capital, Truist Securities, and Raymond James have adjusted their ratings and price targets. FIS's financial overview shows a market cap below industry average, a revenue growth rate of 3.06%, a net margin of -18.04%, an ROE of -2.26%, an ROA of -0.84%, and a debt-to-equity ratio of 0.96.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:00 pm

WCN

Citigroup has maintained a Neutral rating for Waste Connections (NYSE:WCN) but raised its price target from $136.00 to $163.00. Waste Connections' shares are currently trading at $146.72, and the new price target suggests an 11.1% potential upside. Waste Connections is a major North American integrated waste and recycling services provider, with a significant presence in Canada.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:00 pm

AGFY

ARAV

EHTH

MDC

PCSA

TSM

U.S. stocks were mostly higher with the Nasdaq Composite up over 1%. The Dow was slightly down, while the S&P 500 gained. Information technology shares led gains, while health care shares declined. Crude oil inventories decreased more than expected, boosting oil prices. Agrify Corporation announced a significant sales agreement, M.D.C. Holdings will be acquired by Sekisui House, and Taiwan Semiconductor reported strong financial results. Conversely, Aravive plans to delist from Nasdaq, Processa Pharmaceuticals announced a reverse stock split, and eHealth was downgraded by an analyst.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 5:00 pm

PBLA

Panbela Therapeutics' stock is trading lower following the announcement of clinical data from CPP-1X studies in neuroblastoma and the effectuation of a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:13 pm

WKEY

WISeKey International Holding Ltd (NASDAQ:WKEY) announced its subsidiary, WISe.Art, has signed an agreement with GMA to digitalize over $500M worth of Italian Renaissance Art. The project will digitize masterpieces by renowned artists, using advanced technology to create Artistic Security Tokens, distinct from Bitcoins and NFTs, and will operate within a regulated framework. The Renaissance Coin will be launched, connecting physical art to digital counterparts. WISeKey's experience in security and object authentication will ensure the authenticity of artworks and their digital twins. The WISe.ART platform will use blockchain technology, including NFTs on the Hedera blockchain, and will launch the TrustECoin token in May for compliant NFT trading. WISeKey's strategic partnerships, including with Hedera and GMA, position it uniquely in the market.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:12 pm