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Equity Actions

DEO

Diageo, the British multinational beverage alcohol company, is reportedly looking to sell its beer portfolio, including the Guinness brand. The move is part of a strategic shift to focus on its more profitable spirits and liquor business. The company has not yet confirmed the news, but if true, it could lead to significant changes in its business structure and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:17 pm

GS

Goldman Sachs Gr (NYSE:GS) has seen a 13.51% increase in short interest since its last report, with 4.09 million shares sold short, representing 1.26% of its float. It would take about 1.81 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, GS has less short interest, with the peer group average at 4.10% of float.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:15 pm

ARRY

AVAV

BLDR

CDAY

DAL

DDD

GE

GEO

HTZ

UPS

Benzinga's options activity scanner has identified significant whale activity in the Industrials sector, indicating potential trading opportunities. The activity includes both bullish and bearish sentiments across various companies, with options trades and sweeps on puts and calls. Notable transactions were observed for CDAY, GE, GEO, DDD, HTZ, ARRY, DAL, AVAV, UPS, and BLDR, with varying expiration dates, strike prices, and trade volumes.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:35 pm

SPHR

Sphere Entertainment's stock is trading lower following the announcement of a private offering of $225 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:24 pm

AVGO

Whales have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with options activity indicating a focus on a price range between $560 and $1200 over the last three months. The volume and open interest for AVGO options are notably high, with a mix of bullish and bearish trades. The stock is currently trading at $911.93, down by -1.3%, with an RSI indicating a neutral position. Analysts have given mixed reviews, with price targets ranging from $1000 to $1200. Earnings are expected to be announced in 2 days.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:16 pm

IOT

On CNBC, Josh Brown, a well-known financial analyst, announced his purchase of shares in Samsara Inc., which led to an immediate spike in the company's stock price. Samsara Inc. is a company that may be involved in the Internet of Things (IOT) sector.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:08 pm

GBNY

Generations Bancorp NY, Inc. (NASDAQ:GBNY) has appointed Angela Krezmer as its new President & CEO, effective November 27, 2023. Krezmer, who has been with the company since 2021 as Chief Financial Officer, will also join the board of directors. She has been serving as interim Principal Executive Officer since October 16, 2023, following the passing of former President & CEO Menzo Case. Krezmer's experience includes roles at Prosper Bank (now Presence Bank) and Fairport Savings Bank.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:56 pm

SIG

Signet Jewelers Ltd (NYSE:SIG) shares rose by approximately 4% after reporting Q3 FY24 results with sales of $1.392 billion, slightly above analyst expectations. Same-store sales decreased by 11.8% Y/Y. The company saw a gross margin increase to 36.0% and adjusted EPS of $0.24, beating the $1.18 consensus. Signet declared a quarterly dividend of $0.23 per share and repurchased 1.8 million shares for $128.5 million. The company lowered its FY24 sales outlook but revised its adjusted EPS forecast slightly upwards. The stock was up 3.73% at $87.95.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 4:38 pm

MFH

Mercurity Fintech Holding Inc. (MFH) shares are experiencing an uptick following the announcement of a $6 million private placement financing. This influx of capital is expected to provide the company with additional resources to fund its operations and potential expansion.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:29 pm

VALE

Benzinga's options scanner revealed unusual activity in Vale's (NYSE:VALE) options market, with an equal mix of bullish and bearish sentiment among large-scale traders. There were 13 puts and 1 call, with a target price range of $13.0 to $17.0. Vale is focusing on its core mining operations and is expected to separate its base metals and iron ore businesses in 2024. The stock is slightly down with a potential overbought RSI. Analysts have mixed opinions, with an average price target of $18.83 and recent ratings ranging from Hold to Buy.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:16 pm