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ITOS

NATLw

NCR Atleos is set to join the S&P SmallCap 600, replacing iTeos Therapeutics. The change will be effective prior to the opening of trading on October 18.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:23 pm

SRRK

Scholar Rock has begun a public offering for $75M of its common stock. The company is also planning to give underwriters a 30-day option to buy additional shares equal to 15% of the securities offered in the public offering.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:10 pm

CVX

A significant amount of unusual options activity has been detected for Chevron (NYSE:CVX), with a majority of investors taking a bullish stance. The trades range from $125.0 to $200.0 strike price. The price of CVX is currently down -3.27% at $161.1. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Chevron, with price targets of $210, $215, and $203 respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:48 pm

GTH

Genetron Holdings has announced a plan to change its ADS ratio from 1-5 to 1-15, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:35 pm

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) shares dropped after the company reported preliminary Q3 results and issued full-year and Q4 revenue guidance below estimates. The company also announced the commencement of a public offering. Full-year 2023 revenue is expected to be between $185 million and $194 million, versus the $202.35 million estimate. Shares of RGF were down 26.1% at $2.29.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 8:11 pm

CERE

Cerevel Therapeutics has announced a proposed public offering of its common stock worth $400M. The company also expects to grant the underwriters a 30-day option to purchase up to an additional $60M of its shares at the public offering price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:03 pm

SHOP

A whale investor has taken a bullish stance on Shopify (NYSE:SHOP), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $559,343 and for calls is $229,315. Whales have been targeting a price range from $33.0 to $240.0 for Shopify over the last 3 months. JMP Securities downgraded its action to Market Outperform with a price target of $72.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:46 pm

COHR

Needham analyst James Ricchiuti reiterated a Buy rating on Coherent Corp (COHR) with a $50 price target. This follows the announcement that DENSO and Mitsubishi Electric will each invest $500 million in COHR's SiC business for a 12.5% stake. The agreement allows COHR to raise up to $500 million from additional partners in the new SiC subsidiary for six months following the close of the transaction in Q1CY24. The $1 billion combined investment in the SiC subsidiary is expected to free up resources for debt reduction.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 7:42 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) by a whale investor. Out of the 10 unusual trades detected, 90% were bearish and 10% bullish. The total amount for puts was $141,980 and for calls was $496,088. The targeted price range for Home Depot over the last 3 months has been $180.0 to $315.0. The current price of HD is up 0.27% at $300.02. HSBC has downgraded its action to Hold with a price target of $365, while Telsey Advisory Group and Truist Securities maintain their Market Perform and Buy ratings respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:18 pm

BCO

NCR

NCR Corporation's shares are trading higher following reports of a potential merger of its ATM business with Brink's Co., despite Brink's denying the speculation. NCR's CEO, Michael D. Hayford, is also retiring following the successful separation of NCR into NCR Atleos and NCR Voyix. The stock experienced above-average trading volume.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 7:02 pm