Streetbeat News

Equity Actions

AMZN

A significant investor has taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $120.0 to $140.0 for Amazon.com over the last 3 months. The price of AMZN is currently down -1.86% at $123.64. Several experts have downgraded their actions on Amazon.com with price targets ranging from $160 to $180.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:01 pm

GRWG

TLLTF

Cannabis industry leaders convened at the Benzinga Cannabis Capital Conference to discuss the challenges and opportunities of the sector amidst evolving regulations. They emphasized the importance of adaptability, strategic legal guidance, and long-term vision for success in the industry. TILT Holdings CEO Tim Conder and GrowGeneration CEO Darren Lampert were among the speakers.

Portfolio Pulse from Nicolás Jose Rodriguez

September 28, 2023 | 1:50 pm

BABA

BIDU

BYDDF

CTRYF

EGRNF

China's property market turmoil continues to impact the stock market, with Country Garden Holdings and China Evergrande Group seeing declines. However, Sunac China Holdings managed to restructure its debt and saw a 1% increase. The Chinese government is planning to attract more investors by raising the foreign ownership cap on stocks and encouraging domestic travel to boost the economy. Despite the property market issues, investment managers are attracted to deep discounts in the consumer and tech sector in China, with stocks such as Alibaba, Baidu, and BYD Company Limited gaining attention.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 1:40 pm

INTU

Intuit has reiterated its Q1 and FY24 guidance ahead of its Investor Day, which is set to begin at 8:00 a.m. PT.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:08 pm

CRIS

Curis' stockholders have approved an amendment to increase the number of authorized shares of the company's capital stock from 232,812,500 to 460,625,000 and common stock from 227,812,500 to 455,625,000. The amendment was filed and became effective on September 26, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:05 pm

IEP

XRX

Xerox Holdings Corporation (NASDAQ:XRX) has announced a $542 million repurchase of all its common stock owned by Carl C. Icahn and his affiliates at a price of $15.84 per share. The transaction, funded by a new debt facility, is expected to close by September 29, 2023. Following the transaction, Icahn Parties will no longer hold any Xerox common shares. Concurrently, Jesse Lynn, Steven Miller, and James Nelson will resign from Xerox's board of directors. Scott Letier has been appointed as the new chairman.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:01 pm

ASTI

Ascent Solar Technologies has announced the pricing of a public offering of units, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:49 pm

SGBX

Safe & Green Holdings Corp. has completed the spin-off of Safe And Green Development Corporation. The spin-off is expected to allow both entities to focus on their core businesses and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:46 pm

GNSS

Genasys has announced the pricing of its $10 million public offering of common stock. The company will be offering 5 million shares at $2 per share.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:46 pm

SLNO

Soleno Therapeutics has announced the pricing of its $60M underwritten public offering of 3M shares at $20 per share. The company also offers options to purchase up to 450,000 shares at the public offering price. Additionally, Soleno has entered into a $60M securities purchase agreement.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:39 pm