Streetbeat News

Equity Actions

SYY

Sysco has announced the groundbreaking of its new 353,600-square-foot facility, Sysco Arizona East. The $102 million investment is set to begin construction this Fall and is expected to be operational by Spring 2025.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:34 pm

CERE

Cerevel Therapeutics Holdings has filed a prospectus supplement with the SEC, relating to the offering of 19.7 million shares of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:27 pm

COIN

CRPT

MSTR

Anthony Scaramucci, founder of SkyBridge Capital, believes Bitcoin could reach $150K to $250K with the launch of Bitcoin ETFs. He has invested hundreds of millions in the cryptocurrency space, including Bitcoin holdings on SkyBridge and his personal balance sheet. Scaramucci also partnered with FirstTrust to launch the FirstTrust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:CRPT) in 2021. The ETF includes companies linked to digital assets, such as MicroStrategy Inc (NYSE:MSTR), Coinbase Global (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), Marathon Digital Holdings (NASDAQ:MARA), and Galaxy Digital Holdings (OTC:BRPHF).

Portfolio Pulse from Chris Katje

October 12, 2023 | 8:25 pm

DG

Dollar General announced that Jeff Owen's separation from the company and resignation from its board is effective today.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:21 pm

DG

Dollar General's board has appointed Todd Vasos, a current board member and former CEO, as the new CEO effective immediately.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:19 pm

IDEX

SOLO

ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO) has announced that its CFO, Mark Orsmond, will be succeeded by Stephen Johnston. Orsmond's departure is a mutually-agreed transition, and he will continue to assist the company under a 60-day consulting agreement. Johnston has been working with ElectraMeccanica in a consulting role since June 2023 and previously served as the CFO for Ideanomics (NASDAQ:IDEX).

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:01 pm

GNS

Genius Group Limited (NYSE:GNS) has entered into a loan agreement with its CEO, Roger James Hamilton, who will provide the company with up to $4 million as an interest-free loan. This loan will be converted into equity in Genius Group as ordinary shares at the next Qualified Financing Round. The move is aimed at ensuring the company's growth without liquidity constraints.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:34 pm

STZ

Constellation Brands (NYSE:STZ) has seen unusual options activity, with a significant bearish stance taken by investors. Of the 11 strange trades detected, 72% were bearish and 27% bullish. The total amount for the 7 puts was $784,960 and for the 4 calls was $292,960. Whales have been targeting a price range from $195.0 to $235.0 for Constellation Brands over the last 3 months. The stock is currently down -4.22% at $228.91. Analysts from JP Morgan and Goldman Sachs maintain their Overweight and Buy ratings respectively, while Truist Securities and Wedbush have downgraded their actions.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 7:32 pm

CASY

Benchmark analyst John Lawrence reiterated a Buy rating on Casey's General Stores, Inc. (NASDAQ:CASY), raising the price target to $312. The raised price target is based on the new FY25 EPS estimate of $13.00. The analyst expects the company to continue its growth model, which includes solid unit growth, above-average fuel margins, and improvements inside the store under a reduced cost structure. The company plans to grow by 150 units in 2024, including a 63-unit EG Group acquisition.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 7:07 pm

LW

Stifel analyst Matthew E. Smith reiterated a Buy rating on Lamb Weston Holdings Inc (NYSE:LW) with an unchanged price target of $115. The company recently provided long-term financial targets, reiterated the FY24 outlook, and boosted share repurchase authorization. The analyst believes that Lamb Weston is a compelling investment opportunity with an advantaged growth outlook relative to packaged foods peers and a favorable industry structure that supports strong earnings growth potential.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 6:36 pm