Streetbeat News

Equity Actions

TCRT

James Huang has resigned from his position as Chairman and member of the Board of Alaunos Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:04 pm

TNXP

Tonix Pharmaceuticals has announced a proposed public offering. The company plans to use the net proceeds for working capital, general corporate purposes, building out manufacturing and R&D facilities, and acquiring or licensing approved products and products in development.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:03 pm

MDGL

Madrigal Pharmaceuticals has announced a proposed $500 million public offering. The company plans to use the proceeds for general corporate purposes, including the development of its clinical and preclinical programs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:02 pm

LVS

Las Vegas Sands Inc.'s (NYSE:LVS) shares are currently trading at $45.67, after a 1.05% decrease. Despite a 16.74% decrease over the past month, the stock has increased by 21.74% over the past year. The company's P/E ratio is 659.43, significantly higher than the aggregate P/E ratio of 30.11 in the Hotels, Restaurants & Leisure industry, indicating that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 7:30 pm

EOSE

TTI

Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (TTI) with a Buy rating and price target of $8. The analyst believes TTI is focusing on lithium for EV battery technology, zinc bromide for long-term battery storage, and water recycling from oil and gas operations. These areas are estimated to add $280 million to EBITDA and $8 in equity value. TTI's shares are trading higher by 4.84% at $6.50.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 7:16 pm

VOD

Vodafone Group Inc.'s (NASDAQ:VOD) share price is currently at $9.56, after a 1.80% drop. Over the past month, the stock increased by 2.63%, but over the past year, it fell by 15.58%. The company's P/E ratio is lower than the aggregate P/E of the Wireless Telecommunication Services industry, indicating that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 7:15 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, has announced that by uplisting to the TSX, the company can start engaging with large scale institutional investors.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:33 pm

ACN

ASTI

BCLI

BNOX

BXRX

CHS

RNLX

U.S. stocks traded higher with the Dow Jones gaining over 100 points and the NASDAQ rising 0.95%. Accenture's shares fell more than 4% after reporting mixed Q4 results and weak FY24 adjusted EPS guidance. Bionomics, Baudax Bio, and Chico's FAS saw their shares rise significantly due to positive trial results, FDA designation, and acquisition news respectively. Ascent Solar Technologies, Brainstorm Cell Therapeutics, and Renalytix saw their shares drop due to public offering pricing, negative FDA Advisory Committee vote, and weak sales and guidance respectively.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 6:30 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, has stated that the company is actively focusing on efficiency. The information was shared during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:30 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, has projected that the company will turn EBITDA positive for the first time in Europe in Q4. This information was shared during the Cannabis Capital Conference hosted by Benzinga.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:27 pm