Streetbeat News

Equity Actions

CHWY

Chewy (CHWY) has seen a significant option alert, with 1000 calls for October 20 at $20, near the ask price of $0.35. This is compared to an open interest of 8496. The reference price is $18.03.

Portfolio Pulse from Charles Gross

September 26, 2023 | 1:57 pm

BRK-B

HP

Berkshire Hathaway has sold $130 million worth of HP stock, reducing its stake to 11.2%. Despite a recent market correction, Berkshire Hathaway's stock has shown resilience, maintaining a 15% increase for the year. The company's stock reached record highs earlier this month with a 20% annual gain.

Portfolio Pulse from Zaheer Anwari

September 26, 2023 | 1:57 pm

CDT

FEMY

ICPT

POL

RNAZ

SLNO

US stocks traded lower with the Dow Jones falling around 150 points. The S&P CoreLogic Case-Shiller 20-city home price index rose 0.1% YoY in July, the first rise in five months. Soleno Therapeutics, Femasys Inc., and Intercept Pharmaceuticals saw significant stock price increases, while TransCode Therapeutics, Murphy Canyon Acquisition Corp., and Polished.com Inc. experienced notable declines.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 1:46 pm

MTTR

Matterport, Inc. (NASDAQ:MTTR) has announced the next generation of its AI-powered real estate insights, currently in beta. The new features include automated measurements, layouts, editing, and reporting capabilities, which are expected to save customers time by eliminating the need for manual measurements and reporting. The company's AI-engine, Cortex, is responsible for these advancements, creating thousands of digital twins daily using Matterport's extensive spatial data library.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:27 pm

CJJD

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) has announced a registered direct offering of 9.96 million ordinary shares at $0.26 per share, aiming to raise approximately $2.59 million. The company will also issue registered warrants for up to 19.92 million ordinary shares. The proceeds will be used for general corporate purposes and working capital. The sale is expected to close on September 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:25 pm

CTRM

Castor Maritime Inc. (NASDAQ:CTRM) has announced the sale of the M/V Magic Argo for $15.75 million, expecting a net gain of $3 million. The vessel is expected to be delivered to the new owners in Q4 2023. The company also announced the termination of the sale of the M/V Magic Moon due to the buyer's failure to take delivery, resulting in the company retaining the vessel and not receiving its purchase price of $13.95 million.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:19 pm

RNST

Renasant Corporation has announced the transfer of its common stock listing from NASDAQ to the New York Stock Exchange (NYSE). The company will begin trading on the NYSE on October 9 under the symbol 'RNST'.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:19 pm

VUZI

Vuzix Corporation (NASDAQ:VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology, has announced the commencement of waveguide production at its new state-of-the-art manufacturing facility. The facility, which is located adjacent to the company's headquarters, will significantly increase unit capacity and lower manufacturing costs. The waveguides produced will be used in products based on the company's Ultralite OEM Platform.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:14 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co, has expressed his support for the strengthening of economic ties between the U.S. and India. He praised India's economic potential and its recent inclusion in JP Morgan’s bond index, which he anticipates will attract billions in overseas investment. The strengthening U.S.-India relationship is seen as a counterbalance to China's growing regional dominance.

Portfolio Pulse from Arpit Nayak

September 26, 2023 | 1:13 pm

AAPL

Gene Munster, founder of Deepwater Asset Management, predicts that Apple Inc. (NASDAQ:AAPL) will reduce its dependence on China over the next decade, shifting production to India. He anticipates that China's share of Apple's revenue will decline from 40-45% to 25-30% over the next five years, with India's revenue surpassing that of Greater China. Apple is also expected to start producing AirPods in India, with the overall value of products manufactured in the country projected to increase fivefold over the next four to five years, reaching $40 billion.

Portfolio Pulse from Shanthi Rexaline

September 26, 2023 | 1:08 pm