Streetbeat News

Equity Actions

RYDE

Ryde Group Ltd (NYSE:RYDE) is set to start trading on the NYSE exchange under the ticker RYDE on November 03. The company is offering shares at an expected price between $4.00 and $5.00 per share with an insider lock-up period of 180 days ending on May 01, 2024.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 3:00 pm

NBTX

Nanobiotix has announced the pricing of its global follow-on offering, raising total gross proceeds of $55M. The offering consists of 3,106,907 American Depositary Shares (ADSs) at an offering price of $5.36 per ADS. Johnson & Johnson Innovation – JJDC, Inc. is obligated to subscribe for $25.0 million of Ordinary Shares in the form of restricted ADSs. The aggregate gross proceeds of the Global Offering and the Concurrent Private Placement are expected to be approximately $55 million. Jefferies LLC, Leerink Partners and Guggenheim are acting as global coordinators and joint bookrunners for the Global Offering.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:53 pm

HUM

Unusual options activity has been observed for Humana (NYSE:HUM), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $440.0 to $530.0 for Humana over the last 3 months. The price of HUM is currently down -0.39% at $487.46. Analysts from Stephens & Co., Cantor Fitzgerald, and Jefferies have maintained their positive ratings on Humana, with price targets of $570, $597, and $586 respectively.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:49 pm

BTCUSD

MSTR

MicroStrategy's Chairman, Michael Saylor, discussed the company's Bitcoin strategy on CNBC. He emphasized the company's commitment to Bitcoin as a key part of its treasury strategy.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:46 pm

APTV

Aptiv PLC reported Q3 FY23 sales growth of 10.8% YoY to $5.11 billion, beating the analyst consensus estimate. However, the company warned of a $180 million revenue impact due to the UAW strike in Q3 and $1.10 per diluted share for the anticipated equity losses from the performance of the Motional autonomous driving joint venture. Following the news, APTV shares traded lower by 17.3%.

Portfolio Pulse from Shivani Kumaresan

November 02, 2023 | 2:17 pm

BABA

A large bullish position has been taken on Alibaba Gr Holding (NYSE:BABA), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $80.0 to $200.0 for Alibaba over the last 3 months. The price of BABA is up 1.25% at $83.51. Benchmark, UBS, Barclays, and Truist Securities have all given a buy rating with price targets ranging from $126 to $180.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:01 pm

HITI

Cannabis retailer High Tide Inc. has restructured approximately $8.9 million of its outstanding debt held by a key industry lender. The debt was settled in common shares in High Tide at a price of $2.0168 per share. The company's future structured payments have been changed from a quarterly to a semi-annual obligation. High Tide's CEO, Raj Grover, stated that the restructuring creates more flexibility on the company's balance sheet and allows for the acceleration of organic store openings.

Portfolio Pulse from Jelena Martinovic

November 02, 2023 | 1:56 pm

META

A whale investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $130.0 to $320.0 for Meta Platforms over the last 3 months. The price of META is up 1.76% at $317.35. Analysts from Rosenblatt, JP Morgan, Piper Sandler, RBC Capital, and Keybanc have maintained their positive ratings on Meta Platforms, with price targets ranging from $355 to $411.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 1:46 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) has promoted Archie Deskus to the position of Executive Vice President, Chief Technology Officer (CTO). Deskus, who previously served as PayPal's Chief Information Officer (CIO) since March 2022, will now oversee PayPal's global technology, engineering, and information organizations. She will also lead the planning, management, delivery, and transformation of PayPal's technology stacks, systems support, and infrastructure. Deskus joined PayPal from Intel, where she served as Senior Vice President and CIO. She also served as Senior Vice President and CIO for Hewlett Packard Enterprise (HPE).

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:41 pm

SHEL

Shell PLC (NYSE:SHEL) reported a Q3 FY23 revenue decline of 20.3% YoY to $76.35 billion, missing the consensus of $82.96 billion. However, adjusted earnings per ADS for the quarter was $1.86, above the consensus of $1.83. The company also announced a $3.5 billion share buyback program to be completed prior to Q4 2023 results announcement. Shell's shares are trading higher by 2.97% Y/Y at $67.33.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 1:39 pm