Streetbeat News

Equity Actions

HPLT

Home Plate Acquisition Corporation (NASDAQ:HPLT) has cancelled its special meeting of stockholders and announced its intention to dissolve and liquidate. The company will redeem all outstanding shares of Class A common stock at an estimated per-share redemption price of $10.52. The company's securities are expected to be delisted from NASDAQ. Heidmar Inc. intends to terminate the Business Combination Agreement with Home Plate.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:27 pm

AMD

INTC

TSM

Intel Corp (NASDAQ:INTC) plans to spin off its Programmable Solutions Group (PSG) business as a standalone entity. Analysts have mixed views on the move, with Rosenblatt analyst Hans Mosesmann maintaining a Sell rating and a $17 price target, while Mizuho analyst Vijay Rakesh and Roth MKM analyst Suji Desilva both maintain a Neutral rating with a $36 and $35 price target respectively. Truist analyst William Stein reiterated a Hold rating with a $37 price target, and KeyBanc analyst John Vinh maintained a Sector Weight rating with a $35 price target.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 8:20 pm

ALXO

ALX Oncology has announced a proposed public offering. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:12 pm

KRON

Kronos Bio will present interim data from the Phase 1 dose escalation portion of its ongoing Phase 1/2 KB-0742 study at the AACR-NCI-EORTC conference. The company will also host a virtual investor event on October 13.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:06 pm

TAK

Takeda Pharmaceutical Inc. (NYSE:TAK) shares are currently trading at $14.63, after a 2.14% drop. Over the past month, the stock decreased by 3.56%, but over the past year, it increased by 11.51%. The company's P/E ratio is lower than the aggregate P/E of the Pharmaceuticals industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 8:00 pm

LAAC

LAC

Lithium Americas Corp. (NYSE:LAC) shares dropped after the company announced its separation into two independent public companies, Lithium Americas (Argentina) Corp. (NYSE:LAAC) and the new Lithium Americas Corp. (NYSE:LAC). Both companies started trading on the TSX and NYSE on Oct. 4 under the ticker symbols 'LAAC' and 'LAC', respectively.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:58 pm

MPC

A whale investor has taken a bullish stance on Marathon Petroleum (NYSE:MPC), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $105.0 to $160.0 for Marathon Petroleum over the last 3 months. The price of MPC is down -1.74% at $144.71. Analysts from Raymond James, Wells Fargo, B of A Securities, and Mizuho have maintained their ratings on Marathon Petroleum, with price targets ranging from $157 to $178.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:32 pm

ALDX

Knoll Capital Management has acquired a 6.1% passive stake in Aldeyra Therapeutics, according to a Form 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:29 pm

LMT

A significant amount of bearish options activity has been observed for Lockheed Martin (NYSE:LMT), with 68% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $1,296,222, compared to $224,828 in calls. Whales have been targeting a price range from $360.0 to $412.5 for Lockheed Martin over the last 3 months. Deutsche Bank has downgraded its action to Hold with a price target of $435, while Wells Fargo upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:16 pm

PEP

A significant investor has taken a bullish stance on PepsiCo (NASDAQ:PEP), with 60% of recent trades being bullish and 40% bearish. The trades have targeted a price range of $155.0 to $210.0 for PepsiCo over the last 3 months. The current price of PEP is $168.29, up 0.35%. Barclays maintains an Overweight rating on PepsiCo with a price target of $179.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:01 pm