Streetbeat News

Equity Actions

OXY

A significant amount of bearish options activity has been detected for Occidental Petroleum (NYSE:OXY), with 64% of investors opening trades with bearish expectations. The total amount for puts is $343,656 and for calls is $168,468. Whales have been targeting a price range from $35.0 to $95.0 for Occidental Petroleum over the last 3 months. Mizuho maintains a Buy rating with a price target of $76, while Roth MKM downgraded its action to Neutral with a price target of $60.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:01 pm

EDXC

Endexx Corporation reported a 1013% YoY increase in its quarterly earnings, with revenues of over $2.8 million. The company plans to raise additional capital for aggressive marketing of its hemp cannabidiol products and to sustain operations until profitability is achieved.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 3:01 pm

KVYO

Klaviyo, Inc (NYSE:KVYO) is set to IPO on September 20, with shares expected to be priced between $25.00 and $27.00. The company has an insider lock-up period of 180 days ending on March 18, 2024. Klaviyo provides businesses with technology to capture, store, analyze, and predictively use their own data to drive measurable, high-value outcomes.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:00 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $40 per share on 1.1 million shares, which is significantly higher than the IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:58 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $39.80 per share on 1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:56 pm

DTCK

Davis Commodities has indicated an IPO price of $7 on 158K shares, which is significantly higher than the initial pricing of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:47 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $39.50 per share on 918K shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:47 pm

EWL

MRNA

Moderna has announced plans to reduce production of mRNA drug substance for its Covid-19 vaccine at Lonza's site in Visp, Switzerland, in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:46 pm

ELUT

Elutia has announced a $26 million private placement of 7,355,869 shares of common stock at $1.4275 per share. This has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:37 pm

BLNK

CHPT

Former President Donald Trump has warned that the future of America's automotive industry looks bleak, with all electric vehicles (EVs) likely to be made in China. Despite this, two EV stocks, ChargePoint Holdings Inc. (NYSE:CHPT) and Blink Charging Co. (NASDAQ:BLNK), are poised to benefit regardless of where the cars are made. Both companies focus on the EV charging business, with ChargePoint's network having over 255,000 activated ports and Blink operating a proprietary cloud-based software for its charging stations.

Portfolio Pulse from Jing Pan

September 19, 2023 | 2:35 pm