Streetbeat News

Equity Actions

PACI

VOLATO

Volato has appointed Keith Rabin as its new President. The company has also engaged Pacific International (PACI) to lead the search for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:26 pm

BIOL

BIOLASE has announced the pricing of a $4.5 million underwritten public offering of Series J Convertible Redeemable Preferred Stock and warrants, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:22 pm

EPRT

Essential Properties Realty Trust has announced the pricing of an upsized public offering of 10.44 million shares at $23 per share.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:09 pm

BABA

FXI

KWEB

MCHI

Alibaba Group Holding Limited (BABA) stock is trading higher on Thursday, while Chinese indexes IShares China Large-Cap ETF (FXI), IShares MSCI China ETF (MCHI), and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) showed mixed performance. Daniel Zhang's departure from Alibaba's cloud division and the return of Wang Jian, a trusted associate of Jack Ma, suggest that Ma still has significant influence over the company. This development may indicate that Alibaba's restructuring efforts have not met initial expectations.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 1:08 pm

AMC

AMC Entertainment has completed its at-the-market equity offering of 40 million shares, raising approximately $325 million. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:06 pm

Ivanhoe Electric has announced a $150 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:03 pm

GOOGL

TSLA

Billionaire investor Ron Baron reportedly holds over $1 billion in shares of SpaceX, and has been acquiring SpaceX stock since 2017. Baron, a long-time investor in Tesla Inc (TSLA), also invested about $100 million to take X private. He predicts that Tesla could become four-five times bigger in the next seven years and that its stock could reach $500 by 2025. SpaceX's investors also include Alphabet Inc (GOOGL) and Fidelity Investments.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 12:54 pm

ICLR

PYPL

UBER

Stephen Weiss of Short Hills Capital Partners predicts exceptional growth for Uber Technologies in 2024. Uber has signed a multi-year global deal with PayPal. Karen Firestone of Aureus Asset Management recommends buying Blackstone Inc. stock as it is on an uptrend and was recently added to the S&P 500. Blackstone's Tactical Opportunities business closed its fourth flagship commingled fund, raising $5.2 billion. Joseph Terranova of Virtus Investment Partners named ICON Public Limited Company, a clinical research company, which is partnering with BARDA to evaluate next-gen COVID-19 vaccine candidates.

Portfolio Pulse from Priya Nigam

September 14, 2023 | 12:52 pm

OKYO

OKYO Pharma Limited has announced the withdrawal of its public offering due to changing market conditions.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:46 pm

FWBI

KITT

OKYO

Nauticus Robotics has announced an offshore service agreement with Shell, causing KITT's stock to rise by 34%. First Wave BioPharma has announced an exclusive global license agreement for Capeserod from Sanofi, leading to a 100% increase in FWBI's stock. OKYO Pharma has announced a public offering of ordinary shares, resulting in a 34% decrease in OKYO's stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 14, 2023 | 12:35 pm