Streetbeat News

Equity Actions

DIS

A significant amount of unusual options activity has been observed for Walt Disney (NYSE:DIS), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $75.0 to $90.0 for Walt Disney over the last 3 months. The company's stock price is currently down -0.1% at $80.6. Analysts from Seaport Global and Bernstein have downgraded their ratings but maintain a bullish price target, while JP Morgan maintains an Overweight rating with a price target of $120.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:31 pm

EPD

Enterprise Products Partners L.P. (NYSE:EPD) reported a Q3 FY23 sales decline of 22.4% YoY to $11.99 billion, missing consensus estimates of $12.02 billion. Adjusted EBITDA fell to $2.17 billion from $2.42 billion in the prior year quarter. EPS was 60 cents, down from 61 cents in 3Q22, missing the consensus of 64 cents. The company announced four new capital projects to support production growth in the Permian Basin and expects growth capital investments of $3 billion in FY23.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 4:22 pm

CVX

SLB

Stephanie Link announced live on CNBC that she has trimmed her position in Chevron (CVX) and increased her stake in Schlumberger N.V. (SLB).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:09 pm

VVOS

Vivos Therapeutics has announced the pricing of a $4 million private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:02 pm

BKR

The article provides a comprehensive comparison of Baker Hughes (NASDAQ:BKR) with its competitors in the Energy Equipment & Services industry. The analysis includes financial metrics, market position, and growth prospects. Baker Hughes shows potential for growth with a lower than average Price to Earnings ratio and is potentially undervalued based on its Price to Book and Price to Sales ratios. However, its Return on Equity is below the industry average. The company's EBITDA and gross profit are higher than the industry average, indicating strong profitability and robust cash flow. Its revenue growth is also higher than the industry average.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:00 pm

BFRI

Biofrontera Inc. (NASDAQ:BFRI) has entered into a securities purchase agreement with an institutional investor to issue and sell 1,205,000 shares of its common stock and warrants to purchase up to 1,807,000 shares at $3.55 per share. The company also agreed to adjust the strike price of 385,236 outstanding warrants held by the investor to $3.55. The offering is expected to close on November 2, 2023. The net proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:48 pm

AGFY

Agrify Corporation (AGFY) has announced that CP Acquisition LLC and its existing institutional lender have signed an agreement under which CP Acquisition purchased all of the outstanding convertible and senior secured notes of Agrify held by the existing lender. CP Acquisition also plans to participate in a future equity raise to inject new capital into the company. The company's CEO, Raymond Chang, is one of the principals of CP Acquisition. The debt reduction and potential for future capital injections position Agrify to rebound and reestablish itself as a preeminent solution provider for the cannabis industry.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 3:47 pm

ATXI

Avenue Therapeutics has announced the pricing of a $5 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:29 pm

BYFC

Broadway Financial Corporation (BYFC) has announced the terms of its 1-for-8 reverse stock split, which will be effective on November 1, 2023. The split will apply to all outstanding shares of Broadway's three classes of common stock. The Class A common stock will continue to trade under the symbol 'BYFC' on the Nasdaq Capital Market. The Class B and Class C common stock will not be registered for trading. The reverse split is intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:08 pm

EWL

F

Ford Motor Co is launching its electric F-150 Lightning truck in Switzerland, marking the second European market for the vehicle after Norway. The truck, which can be ordered from November, is priced at 127,000 Swiss Francs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:07 pm