Streetbeat News

Equity Actions

FDX

FedEx has entered into a $1 billion accelerated share repurchase agreement with Mizuho Markets Americas LLC, which has led to an increase in the trading price of FedEx shares.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 6:50 pm

LLY

Options market analysis shows a bullish sentiment towards Eli Lilly (NYSE:LLY), with 56% of traders being bullish. Significant options trades have been observed, with a focus on strike prices ranging from $300 to $630. Eli Lilly's stock is slightly down at $568.35 with potential oversold conditions. Analysts have set an average price target of $630, with Truist Securities giving a 'Buy' rating with a $650 target and Daiwa Capital rating it 'Outperform' with a $610 target.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 6:00 pm

SVFD

Save Foods Inc has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. Under the agreement, the investor has committed to purchasing up to $20 million of the company's shares over a 36-month period following the date of the agreement.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:56 pm

KNW

Know Labs shares have declined following the announcement of an $18 million mixed shelf offering. This type of offering allows the company to sell various types of securities over time, which could dilute current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:46 pm

ADEX

AZN

GRCL

IINN

MIST

ONCT

SSYS

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Energy shares led the gains, while health care shares fell slightly. The S&P CoreLogic Case-Shiller 20-city home price index reported a 4.9% increase year-over-year in October. Gracell Biotechnologies surged 59% after AstraZeneca agreed to acquire it. Inspira Technologies rose 93% on positive blood sensor results. Stratasys gained 11% after a buyout proposal from Nano Dimension. Adit EdTech announced plans to de-list from NYSE American, causing its shares to drop 18%. Milestone Pharmaceuticals fell 34% after an FDA refusal to file letter. Oncternal Therapeutics dropped 12% after updating its Phase 1/2 study status.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 5:20 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares have risen nearly 25% over the past five days, attributed to several factors. Citadel reported a 0.4% stake in the company in early December. Blink was also chosen as a full-service EV infrastructure provider for Mack Trucks, which may be contributing to the stock's performance. Additionally, Blink is experiencing increased retail investor interest due to its high short interest, being one of the top trending tickers on Yahoo Finance. The stock is trading on heavy volume, with over 20 million shares traded compared to its 100-day average volume of less than 4.4 million shares. At the time of publication, BLNK shares were up 13.9% at $4.09.

Portfolio Pulse from Erica Kollmann

December 26, 2023 | 5:15 pm

NTES

TCEHY

Following a regulatory shake-up in China's gaming industry, several smaller gaming companies have announced share buybacks to reassure investors after a market downturn caused by proposed restrictions on online game incentives. The National Press and Publication Administration signaled a more flexible approach, approving 105 new game licenses, which may indicate government support for the industry. The market is now focused on the potential impact on Tencent Holdings Ltd (TCEHY) and NetEase Inc (NTES), which saw significant market value losses.

Portfolio Pulse from Franca Quarneti

December 26, 2023 | 5:11 pm

ARM

Analysts have provided mixed ratings for ARM Holdings (NASDAQ:ARM) with a shift towards a more bearish sentiment over the past three months. The average 12-month price target has been decreased by 7.93% to $66.75. ARM Holdings has shown strong revenue growth of 27.94% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by below industry benchmarks for net margin, ROE, and ROA. The company has a low debt-to-equity ratio, suggesting a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

DSS

Shares of DSS are trading lower following the announcement of a 1-for-20 reverse stock split, which typically indicates a company's attempt to boost its share price to meet exchange listing requirements or to improve perceptions of its stock.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 4:42 pm

ADEX

Adit EdTech Acquisition Corp. (ADEX) has announced its intention to voluntarily de-list from the NYSE American, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 4:40 pm