Streetbeat News

Equity Actions

ALZN

Alzamend Neuro Inc's shares have dropped by 31.2% after the company announced a one-for-fifteen reverse stock split. The move is aimed at regaining compliance with Nasdaq's Minimum Bid Price Requirement of $1.00 per share. The split will affect all existing shares and shares available for issuance under equity incentive plans, but will not change the par value of the common stock.

Portfolio Pulse from Henry Khederian

October 30, 2023 | 2:16 pm

ALV

AMZN

DIS

GOOG

HSBC

LUV

MCD

PEAK

RIVN

TM

TRP

WDC

XPO

Southwest Airlines may face a fine due to operational disruptions last December. Healthpeak Properties and Physicians Realty Trust are merging in a $21B deal. Google can turn ANC headphones and wireless earbuds into heart rate monitors. Toyota's September sales grew due to strong demand. Rivian will start charging for its charging network. Autoliv plans to reduce its headcount in France. FDA warns against the use of certain eye drops. Nelson Peltz gains backing from Isaac Perlmutter for changes at Disney. TC Energy explores asset sales worth $10B. Amazon uses generative AI for holiday ad boost. Blackstone buys a majority stake in Care Hospitals in India. McDonald's Q3 sales grew by 14% YoY. HSBC's Q3 revenues increased by 40% YoY. Panasonic's H1 FY24 sales grew by 1% YoY. Western Digital plans to split its business. XPO's Q3 FY23 revenue grew by 1.7% YoY.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 2:07 pm

BKNG

A significant investor has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 60% of recent trades being bearish. The total amount for puts is $68,425 and for calls is $616,994. Whales have been targeting a price range from $2100.0 to $3000.0 for Booking Holdings over the last 3 months. The current price of BKNG is up 1.75% at $2794.28. HSBC has downgraded its action to Buy with a price target of $3650.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:01 pm

LLY

A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $290.0 to $790.0 for Eli Lilly over the last 3 months. The current price of LLY is up 2.28% at $573.0. Several financial institutions have maintained their positive ratings on Eli Lilly, with price targets ranging from $630 to $710.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 1:46 pm

DIS

Isaac Perlmutter, former Marvel executive and significant independent shareholder in Walt Disney Co (NYSE: DIS), has pledged his support to Nelson Peltz's Trian Fund Management. Trian now holds approximately 33 million Disney shares, including those controlled under a voting arrangement that gives Peltz's firm exclusive voting authority over Perlmutter's shares. This alliance strengthens Trian's position, allowing them to press Disney CEO Bob Iger for board seats and other transformative measures. Disney shares have fallen significantly in the last year and are trading at decade lows.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 1:40 pm

CBZ

Sidoti & Co. analyst Marc Riddick has upgraded CBIZ (NYSE:CBZ) from Neutral to Buy and announced a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:16 pm

MCD

During a conference call, a McDonald's executive stated that the company is gaining market share among both middle- and higher-income consumers, while maintaining its share among lower-income consumers.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:14 pm

CARG

CarGurus (NASDAQ:CARG) has announced the appointment of Elisa Palazzo as its Chief Financial Officer (CFO), effective from December 4, 2023. Palazzo, who currently serves as Deputy CFO and Senior Vice President of Finance at Talkspace, will lead financial operations and strategy at CarGurus. The move is part of the company's goal to build a powerful transaction-enabled destination that supports the full lifecycle of a vehicle transaction.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:09 pm

INVH

Oppenheimer analyst Tyler Batory has upgraded Invitation Homes (NYSE:INVH) from Perform to Outperform and set a new price target of $35.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:06 pm

CVX

B of A Securities analyst Doug Leggate has upgraded Chevron (NYSE:CVX) from Neutral to Buy and raised the price target from $190 to $200.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:04 pm