Streetbeat News

Equity Actions

FXI

SPY

US Treasury Secretary Janet Yellen expressed concerns over the US's over-dependence on China for clean energy. She stated that the focus of export and investment restrictions on China should be as narrow as possible, primarily targeting national security.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:55 pm

CDNS

CPRT

EXLS

GOOGL

SPY

The stock market has been declining since August, with the SPDR S&P 500 Trust (NYSE:SPY) down 10% from its July high. This presents opportunities for long-term investors to buy quality stocks at cheaper prices. Four such stocks are Copart, Inc. (NASDAQ:CPRT), Cadence Design Systems, Inc. (NASDAQ:CDNS), Alphabet Inc. (NASDAQ:GOOGL), and ExlService Holdings, Inc. (NASDAQ:EXLS), all of which have shown strong earnings growth over the past five years and are expected to continue this trend over the next five years.

Portfolio Pulse from Cory Mitchell

October 26, 2023 | 5:52 pm

SPY

Treasury Secretary Yellen stated that a significant portion of Americans have not experienced meaningful growth in their real income for a long time. She suggested that investments in infrastructure, chips, and green energy could create jobs.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:36 pm

SMFL

Smart for Life, Inc. (NASDAQ:SMFL) has announced a 1-for-3 reverse stock split of its common stock and authorized stock, effective on October 27, 2023. The reverse split is intended to maintain the company's compliance with the minimum bid price requirement for maintaining its listing on Nasdaq and to make the bid price more attractive to investors. The split is also part of a strategic plan to support future acquisition financings.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:01 pm

MBIO

Mustang Bio, Inc. (NASDAQ:MBIO) has announced a registered direct offering of 2,588,236 of its common shares at a price of $1.70 per share, priced at-the-market under Nasdaq rules. The company also plans to issue unregistered warrants to purchase up to an aggregate of 2,588,236 shares of its common stock. The offering is expected to close on October 30, 2023. The gross proceeds from the offering are expected to be approximately $4.4 million, which will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:31 pm

ABVC

BETS

EDR

SILC

SNOA

US stocks traded mixed with the Dow Jones index falling over 100 points. The US economy grew an annualized 4.9% in Q3, higher than market expectations of 4.3%. ABVC BioPharma shares shot up 159% after licensing global rights of CNS drugs to AiBtl BioPharma. Endeavor Group Holdings shares rose 23% after announcing a review of strategic alternatives. Impinj shares gained 26% after reporting better-than-expected Q3 revenue results. Bit Brother shares dropped 79% after reporting pricing of $5.04 million registered direct offering. Sonoma Pharmaceuticals shares were down 50% after announcing pricing of $1.7 million public offering. Silicom shares fell 35% after issuing weak sales forecast for Q4.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 4:03 pm

PRZO

ParaZero Technologies has announced the pricing of a $5.1 million private placement, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:01 pm

THTX

Theratechnologies has announced the pricing of a $25 million public offering of common shares and a concurrent private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:01 pm

NVVE

Nuvve Corporation has announced the pricing of a $2.066 million registered direct offering priced at-the-market, which has led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:58 pm

SNOA

Sonoma Pharmaceuticals has announced the pricing of a $1.7 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:51 pm