Streetbeat News

Equity Actions

AAPL

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', suggests that Apple Inc. (AAPL) is a good investment if the stock drops below $150. This comes despite recent challenges faced by the tech giant and the broader market uncertainty. Apple's CEO, Tim Cook, recently sold 511,000 shares worth about $87.8 million, and KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple stock from Overweight to Sector Weight. However, Apple shares closed up 0.73% at $173.66 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 7:27 am

RIVN

VFS

VinFast Auto (NASDAQ:VFS), the electric vehicle manufacturer from Vietnam, has seen significant volatility in its stock price, with average swings of 22% and no clear triggers. Despite providing full-year delivery guidance for 2023, the stock has dropped about 52% since then. The company's market capitalization is currently around $19 billion, lower than Rivian Automotive's (NASDAQ:RIVN) market cap of about $21 billion.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 7:14 am

TDOC

Teladoc Health has announced inducement stock awards for two new non-executive employees. The move is part of the company's strategy to attract and retain top talent.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:05 am

VCXB

10X Capital Venture Acquisition has transferred its listed securities to the NYSE American. The company's ticker symbol, VCXB, remains the same.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 5:50 am

GTBIF

Green Thumb Industries (OTC:GTBIF) is facing financial turbulence due to a trademark dispute with Edible Arrangements over the name 'Incredibles'. Despite claims being dismissed, GTI sought Edible to cover legal fees, but U.S. District Judge Sara L. Ellis disagreed. Additionally, GTI CEO Ben Kovler transferred 35,000 super-voting shares, a 19% drop, valued at around C$52.5 million as part of his divorce settlement, which could affect GTI's internal dynamics.

Portfolio Pulse from Nicolás Jose Rodriguez

October 05, 2023 | 2:47 am

ARKK

ARKQ

ARKW

CRSP

DNA

NVDA

PACB

TSLA

Ark Invest, led by Cathie Wood, sold over $25 million worth of Tesla Inc shares on October 4, 2023. The shares were sold through ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Next Generation Internet ETF. This move is a significant shift from Ark's previous bullish stance on Tesla. Additionally, Ark Invest made other key trades, including the purchase of shares in Pacific Biosciences of California, CRISPR Therapeutics AG, and Ginkgo Bioworks Holdings Inc, and the sale of Nvidia Corporation shares.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 1:54 am

BTCUSD

El Salvador is launching its first local Bitcoin mining pool, Lava Pool, led by Volcano Energy in association with Luxor Technologies. The initial phase of the project involves the construction of a 241-megawatt renewable energy park. Luxor’s hashrate forward marketplace will be used to manage risk against market volatility. Volcano Energy will contribute 23% of its net income from mining operations to the El Salvador government. In early 2023, Tether invested in El Salvador’s $1 billion renewable energy project to power the Bitcoin mining operations.

Portfolio Pulse from Khyathi Dalal

October 04, 2023 | 10:25 pm

ITT

ITT Inc. has announced a $1 billion share repurchase authorization, which will commence upon the expiration of the current $500 million authorization.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 9:56 pm

RIVN

Rivian Automotive has announced its intention to offer $1.50B of green convertible senior notes due 2030 in a private offering. The proceeds will be used for general corporate purposes, including the development of electric vehicles and related technologies.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 9:44 pm

INBS

Intelligent Bio Solutions has entered into an underwriting agreement to issue and sell 1.5 million Class A units in a registered public offering.

Portfolio Pulse from Charles Gross

October 04, 2023 | 9:33 pm