Streetbeat News

Equity Actions

CFLT

Guggenheim analyst Howard Ma has upgraded Confluent (NASDAQ:CFLT) from Neutral to Buy and announced a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 9:40 am

SBUX

Starbucks Corporation's new CEO, Laxman Narasimhan, has unveiled a long-term strategic plan called the 'Triple-Shot Reinvention Strategy'. The strategy focuses on enhancing the store experience, expanding digital capabilities, and increasing global outreach. The company expects this strategy to lead to a long-term revenue growth of 10% or more and an earnings per share growth of 15% or more. Starbucks also plans to operate 55,000 stores by 2030, a 45% increase from its current 38,000 stores.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 9:34 am

CLSK

MARA

RIOT

Bitcoin mining stocks have surged by 10% as Bitcoin nears its 17-month high. U.S.-listed mining companies Marathon Digital, Riot Platforms, and CleanSpark saw their stocks rally 10%-12% amid a broader equity surge. The positive sentiment on Wall Street following a bleak October has been beneficial for cryptocurrency-related stocks. Traders believe that the Federal Reserve’s historic interest rate hiking cycle has ended.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 9:29 am

LXEO

Lexeo Therapeutics has priced its initial public offering (IPO) of 9,090,910 common shares at $11.00 per share.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:42 am

HUM

Humana has announced the pricing of its $1.35 billion senior notes offering, which is divided into two tranches due in 2028 and 2034. The offering includes $500 million of 5.750 percent senior notes due 2028 and $850 million of 5.950 percent senior notes due 2034. The offering is expected to close on November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:29 am

FET

Forum Energy Technologies has agreed to acquire Variperm Energy Services for $150 million in cash and 2 million shares of FET's common stock. The deal values Variperm at approximately 3.7x its trailing twelve months EBITDA as of September 30, 2023. The transaction is expected to close in January 2024, subject to customary closing conditions and Canadian regulatory approval. The combined company is expected to have a revenue of $873 million, an increase of 17%, and adjusted EBITDA of $121 million, an increase of 77%.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:19 am

DKNG

GM

IONS

MRNA

NVDA

Ark Invest, led by Cathie Wood, has made significant changes to its holdings, selling a large portion of DraftKings Inc (DKNG) shares and buying Moderna Inc (MRNA) stock. This comes despite DraftKings' positive earnings report and Moderna's current challenges with vaccine demand. Other trades include selling shares of NVIDIA Corp (NVDA), Ionis Pharmaceuticals Inc (IONS), and General Motors Co (GM).

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 2:27 am

BITO

EETH

ETHUSD

ProShares is launching the ProShares Short Ether Strategy (SETH), an ETF that delivers the inverse of the daily performance of the Standard & Poor's CME Ether Futures Index. The ETF is designed to appeal to bearish investors and is tied to futures contracts on Ethereum. The ETF will trade on the NYSE's Arca. ProShares has previously launched three Ethereum ETFs, including the ProShares Ether Strategy ETF (EETH), which averaged around 8,660 shares daily in its first month.

Portfolio Pulse from Khyathi Dalal

November 02, 2023 | 10:01 pm

BOX

Box, Inc. (NYSE:BOX) has announced the appointment of Olivia Nottebohm as its new Chief Operating Officer (COO), succeeding Stephanie Carullo who is retiring. Nottebohm, who has held leadership roles at Google, Notion, and Dropbox, will lead the global go-to-market organization at Box, including Sales, Customer Success, and Marketing. Carullo helped double Box's annual revenue to over $1 billion during her tenure.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:00 pm

BCO

Brink's has announced an additional $500M share repurchase authorization, set to expire on December 31, 2025. This is in addition to the existing share repurchase program, which has $180 million in capacity and is set to expire on December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:49 pm