Streetbeat News

Equity Actions

VCEL

J Capital Research has issued a short report on Vericel Corp. (VCEL), a biopharma company that specializes in cartilage-repair and burn treatment products. The report criticizes VCEL for its continuous losses since 1996, with the exception of a small profit in 2020, and its failure to deliver on promises of new applications for its products. The report also highlights the limited growth potential of VCEL's products due to high costs and limited patient populations. Despite the company's losses, management has been rewarded with substantial share compensation.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:36 pm

GSHD

TPG

UBS

WRB

Four financial stocks, Goosehead Insurance, Inc (GSHD), UBS Group AG (UBS), TPG Inc. (TPG), and W. R. Berkley Corporation (WRB), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may be overvalued. GSHD was upgraded by BMO Capital with a raised price target. UBS is facing slow approvals in its takeover of Credit Suisse. TPG reported worse-than-expected Q2 results. WRB declared a special cash dividend.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:20 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares fell by 6.7% after the company filed for an offering of up to 45.9 million shares of common stock by the selling securityholders. The company will not receive proceeds from the sale but would receive approximately $31 million if all warrants held by the selling securityholders are exercised in full for cash. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 2:20 pm

CGC

Canopy Growth has filed for an offering of up to 45.9 million shares of common stock by the selling securityholders, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:19 pm

CGC

Canopy Growth Corp has filed for an offering of up to 45.9 million shares of common stock by the selling securityholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:08 pm

DIS

Disney (NYSE:DIS) shares are struggling after multiple analysts lowered price targets following the company's Investor day. Disney announced plans to double investments in its Parks, Experiences and Products segment over the next decade to approximately $60 billion. Despite this, BofA Securities and Rosenblatt analysts maintained a Buy rating but lowered the price target, while Needham reiterated a Hold rating.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 2:07 pm

HLVX

HilleVax Inc (NASDAQ:HLVX) shares are trading lower by 8.5% after the company announced the pricing of its public offering of 8 million shares at $12.50 per share. The gross proceeds are expected to be around $100 million, which will be used to fund the clinical development of HIL-214 and for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 2:07 pm

CLIR

SOCGP

ClearSign Technologies (NASDAQ:CLIR) has secured collaboration and additional funding from Southern California Gas Co. (OTC:SOCGP) for its 100% Hydrogen Ultra Low NOx burner project. The project aims to develop ultra-low NOx hydrogen burner technology, enabling hydrogen fuel for industrial heating while reducing carbon dioxide and nitrogen oxide emissions. CLIR shares are trading higher by 3.04% at $1.2880.

Portfolio Pulse from Akanksha Bakshi

September 20, 2023 | 1:49 pm

CBOE

Stocktwits, a social media service for investors and traders, has added options trading to its platform. The company provides trading options across all asset classes including stocks, crypto, and other emerging investments. The options trading will be carried out through their wholly owned subsidiary and SEC-registered broker-dealer, ST Invest, LLC. The platform, which has over 8 million registered users, expects to widen its user base with the addition of execution functions to more asset classes.

Portfolio Pulse from Khyathi Dalal

September 20, 2023 | 1:36 pm

ATLC

BLFY

KPLT

SQ

The article lists four financial stocks that are currently oversold and may present buying opportunities. These include Block, Inc. (SQ), Blue Foundry Bancorp (BLFY), Atlanticus Holdings Corporation (ATLC), and Katapult Holdings, Inc. (KPLT). All four stocks have an RSI value below 30, indicating they are oversold. The companies have also been the subject of recent analyst ratings and corporate actions.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 1:30 pm