Streetbeat News

Equity Actions

AMAT

A significant bullish stance has been taken on Applied Mat (NASDAQ:AMAT) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $100.0 to $170.0 for Applied Mat over the last 3 months. Needham upgraded its action to Buy with a price target of $180 while UBS maintained their Neutral rating with a price target of $150.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:46 pm

ICU

LNN

MDAI

MULN

NFLX

NXU

SMTC

US stocks traded higher with the Dow Jones index gaining over 150 points. Netflix reported better-than-expected Q3 results with a 7.8% YoY increase in revenue to $8.54 billion, beating the consensus estimate of $8.53 billion. SeaStar Medical, Spectral AI, and Lindsay Corporation shares rose significantly due to FDA approval and better-than-expected financial results respectively. Nxu, Semtech Corporation, and Mullen Automotive shares dropped due to public offering of common stock, private placement offering, and a potential reverse stock split respectively.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 4:28 pm

ULCC

Frontier Airlines, a subsidiary of Frontier Group Holdings, Inc. (NASDAQ:ULCC), has announced the promotion of James G. Dempsey to President and Mark C. Mitchell to Senior Vice President and CFO. Both will report to CEO Barry Biffle. The company also announced other leadership changes including Rajat Khanna as Senior Vice President and CIO, and Matthew Saks as Vice President, Treasurer.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:16 pm

MULN

Mullen Automotive has filed a preliminary proxy statement with the SEC to hold a stockholders' meeting to effect a reverse stock split. This has resulted in the company's shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:04 pm

WBUY

Webuy Global's initial public offering (IPO) shares have begun trading. However, the shares were halted due to a circuit breaker to the upside.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:02 pm

FANG

An industry comparison analysis of Diamondback Energy (NASDAQ:FANG) and its major competitors in the Oil, Gas & Consumable Fuels industry reveals that Diamondback Energy has a higher Price to Earnings ratio, suggesting a premium valuation relative to industry peers. However, its Price to Book ratio is below the industry average, indicating potential undervaluation. The company's Return on Equity is lower than the industry average, suggesting inefficiency in utilizing equity to generate profits. Despite this, Diamondback Energy demonstrates stronger profitability and robust cash flow generation with higher EBITDA and gross profit. The company also shows robust sales expansion with a revenue growth surpassing the industry average.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:01 pm

ARM

The article provides a comprehensive evaluation of ARM Holdings (NASDAQ:ARM) against its competitors in the Semiconductors & Semiconductor Equipment industry. ARM Holdings has a high PE ratio, PB ratio, and PS ratio, indicating that the stock is trading at a premium. However, the company has a low ROE, EBITDA, gross profit, and revenue growth, suggesting lower profitability and slow sales growth. ARM Holdings has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:00 pm

NUZE

NuZee Inc's shares have dropped by 46% to $2.77 following the company's pricing of a $1.275 million underwritten public offering of 425,000 shares at $3.00 per share. Maxim Group LLC is managing the offering, which is expected to close around October 20. NuZee's 52-week high is $21.35 and its low is $2.61.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:35 pm

QCOM

Qualcomm's Nakul Duggal has stated that the company is working with a number of companies in China and many Japanese OEMs. He also mentioned that Qualcomm will invest and jointly develop projects, building something together.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:34 pm

NXU

Nxu, Inc. (NASDAQ:NXU) shares dropped by 40.3% after the company announced a public offering of 86 million shares of Class A common stock at a price of $0.035 per share. The company aims to raise around $3 million from this offering, with the closing date set for October 23. Maxim Group LLC is the sole placement agent for this offering.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:31 pm