Streetbeat News

Equity Actions

FMC

FMC Corporation has initiated an immediate restructuring process in Brazil and launched a broader, more comprehensive process to review and adjust its total company cost structure.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:41 am

PTN

Palatin Technologies has announced a $5M registered direct offering. The company will issue and sell 2,358,491 shares of its common stock at a purchase price of $2.12 per share. Additionally, Palatin will issue warrants to purchase up to an aggregate of 2,358,491 shares of common stock at an exercise price of $2.12 per share.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:39 am

HARP

Harpoon Therapeutics has announced a private placement of up to $150 million. The funds will be used to advance the company's pipeline of T cell engagers.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:19 am

EGLX

Enthusiast Gaming has announced its intention to voluntarily delist from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:17 am

GLD

SPY

UUP

On Friday, October 20, U.S. stock markets closed in red due to concerns about potential interest rate increases and the Israel-Hamas conflict. All S&P 500 sectors experienced declines, with technology and financials leading the downturn. Asian and European markets also slid on Monday. Commodities were trading lower, with Crude Oil WTI down by 0.41% and Gold down by 0.83%. U.S. Dollar Index was up 0.06%.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 11:00 am

CHS

EJH

POWW

SWBI

Four consumer stocks, AMMO, Inc. (POWW), Smith & Wesson Brands, Inc. (SWBI), E-Home Household Service Holdings Limited (EJH), and Chico's FAS, Inc. (CHS), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may crash this quarter. AMMO posted a profit for Q1 with significant improvements in gross margin and strong cash flow. Smith & Wesson's board authorized a new buyback of up to $50 million. E-Home's stock jumped around 65% over the past month. Chico’s FAS announced a definitive agreement to be acquired by Sycamore Partners for $1 billion.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 10:45 am

TRX

TRX Gold has appointed Shubo Rakhit as the Chairman of its Board. The company has not provided any further details about this appointment.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:36 am

PX

P10 has announced the appointment of Luke Sarsfield as its new CEO, effective immediately. Robert Alpert has been elected as the Executive Chairman, while Clark Webb has been elected as the Executive Vice Chairman. All three will serve on the P10 Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:07 am

NVDA

Chloe Wang, partner at the Guangzhou-based Yang Cheng Fund, supports the US government's ban on certain advanced chip exports to China, including Nvidia's A800 and H800 chips. The ban was imposed due to concerns that the chips could be used for military development. Wang's fund invests in semiconductor companies and she believes the ban will boost the domestic ecosystem and reduce reliance on Nvidia's AI software. The US Commerce Secretary, Gina Raimondo, stated that the ban aims to prevent China's access to advanced semiconductors for potential military use, not to impair Chinese economic growth.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 9:52 am

LNN

Roth MKM analyst Brian Wright has upgraded Lindsay Corporation (NYSE:LNN) from Neutral to Buy and increased the price target from $128 to $150.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:42 am