Streetbeat News

Equity Actions

ADTX

Aditxt, Inc. (NASDAQ:ADTX) has announced a 1-for-40 reverse stock split effective at the open of trading on August 18, 2023. The move is primarily intended to bring the company into compliance with Nasdaq's minimum bid price requirement. Post-split, the company will have approximately 190,319 shares of common stock issued and outstanding.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:01 pm

NOW

ServiceNow's (NYSE:NOW) short percent of float has fallen 14.29% since its last report, with 2.69 million shares sold short, which is 1.32% of all regular shares available for trading. It would take traders 1.74 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 5.13%.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:00 pm

AMC

APE

AMC Entertainment Holdings Inc's shares are trading higher after a week of heavy selling pressure. This follows the company's court approval for a revised stock conversion plan, which includes a 10-for-1 reverse stock split set to go into effect on Aug. 25. Roth MKM analyst Eric Handler reiterated AMC with a Sell rating and a price target of 50 cents, citing an 'upside down capital structure'. AMC shares are down approximately 22% over the last five trading sessions.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 3:55 pm

CRWD

A significant number of investors have taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD), with 70% of recent trades reflecting this sentiment. The majority of these trades are puts, totaling $944,285, compared to calls totaling $117,436. Whales have been targeting a price range from $130.0 to $170.0 for CrowdStrike over the last 3 months. The current price of CRWD is down -2.81% at $144.81. Morgan Stanley and Barclays maintain their Overweight rating on CrowdStrike, with price targets of $178 and $173 respectively.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:46 pm

TKC

Turkcell Iletisim Hizmetleri AS has raised its FY23 guidance due to accelerating growth from customer-focused strategies. The company anticipates a consolidated revenue growth of around 71% and EBITDA of approximately TRY 37.0 billion. The ratio of operational capital expenditures to sales is expected to be around 22%, consistent with previous expectations.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 3:41 pm

EMKR

EMCORE Corp (NASDAQ:EMKR) shares have dropped by 40% after the company announced the pricing of its $15.8 million public offering of 19,652,174 shares at $0.50 per share. The offering is expected to close on Aug. 21. An option for the underwriter to acquire up to 2,947,826 more common stock shares is also in place.

Portfolio Pulse from Henry Khederian

August 17, 2023 | 3:27 pm

CREX

Creative Realities Inc (NASDAQ:CREX) announced the pricing of its $6 million public offering of 3 million shares at $2 per share, causing its shares to drop by 37.5% to $1.87. The offering is expected to close around August 21. The company plans to use the proceeds for general corporate purposes, including debt repayment, capital expenses, and working capital.

Portfolio Pulse from Henry Khederian

August 17, 2023 | 3:25 pm

SWIN

Solowin Holdings Limited (NASDAQ:SWIN) is set to IPO on August 18, with shares expected to be priced between $4.00 and $6.00. The company has an insider lock-up period of 180 days ending on February 14, 2024. Solowin is a holding company with no material operations of its own, conducting operations primarily through its wholly owned subsidiary, Solomon JFZ.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:00 pm

CHGG

Chegg has announced a $200 million stock buyback, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 2:57 pm

CHK

Chesapeake Energy's stock is trading higher following the announcement that the company will join the S&P MidCap 400. UBS has also maintained a Buy rating on the stock and increased its price target from $102 to $106.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 2:53 pm