Streetbeat News

Equity Actions

ACHR

CRSP

SQ

Ark Invest, led by Cathie Wood, made significant purchases of shares in Block Inc, Archer Aviation, and CRISPR Therapeutics on Monday. The fund also bolstered its positions in Pacific Biosciences of California, Ginkgo Bioworks Holdings, and Markforged Holding Corp. The purchases were made through various Ark ETFs, including ARK Innovation ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, and ARK Genomic Revolution ETF.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 2:45 am

DAL

LMT

PLTR

TSLA

U

US stocks showed positive momentum with the Dow Jones surging by nearly 200 points. Lockheed Martin's shares increased by 8.93% amid the ongoing Middle East conflict. Unity Software's stock declined by 1.49% following a CEO transition. Delta Air Lines' shares dropped by 4.65% as flights to Israel were suspended due to the Israel-Hamas conflict. Palantir Technologies saw a 6.02% increase due to heightened focus on security and surveillance. Tesla's stock slightly declined by 0.33% due to reports of slipping sales of China-made EVs.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 1:49 am

EIS

SPY

USO

President Biden is set to make remarks on Israel on Tuesday, according to a White House official. The news may impact the performance of certain ETFs such as EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).

Portfolio Pulse from Charles Gross

October 09, 2023 | 10:26 pm

BARS: MAGA

Hillary Clinton criticized Donald Trump and his supporters in a recent interview, calling for a 'formal deprogramming of the cult members'. She also criticized the 'Make America Great Again' slogan used by Trump. The slogan became an ETF with the launch of the Point Bridge America First ETF (BARS: MAGA) in 2018. The founder of the MAGA ETF recently announced his support for Florida Gov. Ron DeSantis for the 2024 election race. The ETF is expected to continue to operate whether Trump is in office or picks a new campaign slogan.

Portfolio Pulse from Chris Katje

October 09, 2023 | 10:24 pm

GMM

Global Mofy Metaverse has priced its IPO of 1.20M ordinary shares at $5.00 per share. The shares have been approved for listing on The Nasdaq Capital Market and are expected to start trading on October 10, 2023, under the ticker symbol 'GMM'.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 10:06 pm

MG

MISTRAS Group announced that its President and CEO, Dennis M. Bertolotti, has left the company. The reason for his departure was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 10:02 pm

MG

MISTRAS Group has announced a leadership transition. Sotirios Vahaviolos has been appointed Chairman Emeritus, while Manuel Stamatakis has been named Chairman of the Board and Interim CEO.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 10:02 pm

U

Unity Software Inc (NYSE:U) announced a CEO transition with John Riccitiello retiring as chairman, president and CEO, effective immediately. James Whitehurst has been appointed as interim president and CEO and Roelof Botha has been named chairman. The company also reaffirmed its previously announced third-quarter guidance. Unity shares initially traded about 2% lower on the news before recovering most of the losses.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 9:16 pm

MSFT

NVDA

Investment Manager Steve Weiss of Short Hills Capital has sold his position in Nvidia Corp (NVDA) and sees Microsoft Corp (MSFT) as a bigger beneficiary of the AI boom. Weiss believes that Microsoft, which is planning to manufacture its own chips, will benefit more from AI demand than Nvidia. He also expects Microsoft to release a new range of AI-focused products in the near future.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 8:55 pm

PD

PagerDuty, Inc. (NYSE:PD) announced a proposed private placement of $350 million of convertible senior notes due in 2028. The company also plans to use the net proceeds from the offering to repurchase for cash certain of its 1.25% convertible senior notes due 2025 and shares of PagerDuty's common stock. Following the announcement, PagerDuty's shares dropped 5.63% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 09, 2023 | 8:50 pm