Streetbeat News

Equity Actions

SNAP

Snap Inc. has seen a significant increase in call options for September 29 at $10. The volume of 2134 is higher than the open interest of 1882. Snap's earnings report is expected on October 19 after market close. The reference price is $9.43.

Portfolio Pulse from Charles Gross

September 13, 2023 | 3:02 pm

DTCK

Davis Commodities Limited (NYSE:DTCK) is set to IPO on September 14, with shares expected to be priced between $4.00 and $4.50. The company, an agricultural commodity trading firm based in Singapore, will have an insider lock-up period of 180 days ending on March 12, 2024.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:00 pm

C

Citigroup CEO announced that the bank is undergoing the 'most consequential' organizational changes in nearly 20 years. The changes will be rolled out more broadly by the end of Q4.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:46 pm

BSX

Boston Scientific Inc.'s stock price is currently at $53.24, after a 0.34% decrease. However, the company's stock has increased by 3.47% over the past month, and by 26.17% over the past year. The company's P/E ratio is 89.03, higher than the aggregate P/E ratio of 73.45 of the Health Care Equipment & Supplies industry, indicating that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:45 pm

FXI

SP

According to Semafor, China is set to overtake the U.S. as the world's largest nuclear power producer. This development could have significant implications for the energy sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:38 pm

RCKT

Rocket Pharmaceuticals announced alignment with the FDA on the global Phase 2 pivotal trial of RP-A501 for Danon Disease. The trial will evaluate the efficacy and safety of RP-A501 in 12 patients. William Blair analysts see the update positively and believe it de-risks the pivotal trial. Rocket Pharmaceuticals also announced an equity offering of $175 million. RCKT shares are up 39.70%.

Portfolio Pulse from Vandana Singh

September 13, 2023 | 2:23 pm

HD

Home Depot executive announced at the Goldman Sachs Conference that the company plans to open 13 new stores this year, with 9 of them opening in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:22 pm

ABNB

A large investor has taken a bullish stance on Airbnb (NASDAQ:ABNB), with 12 uncommon options trades spotted. The sentiment of these trades is split 50% bullish and 50% bearish. The trades include 10 puts worth $1,096,836 and 2 calls worth $87,427. Whales have been targeting a price range from $130.0 to $160.0 for Airbnb over the last 3 months. Tigress Financial has downgraded its action to Buy with a price target of $185, while Morgan Stanley maintains an Underweight rating with a price target of $110.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 2:16 pm

KULR

KULR Technology Group Inc's shares have dropped by 33.8% after the company announced and priced its public offering of common stock. The company has priced its offering of 7,142,857 shares at 35 cents per share, expecting to raise approximately $2.5 million. The proceeds will be used to pay off certain amounts of the outstanding balance owed under its existing financing facility, as well as for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 2:09 pm

KKR

TIAIY

KKR & Co. Inc.'s co-founder Henry Kravis is exploring potential business prospects in Italy, which may result in increased investments in the country. He has scheduled meetings with officials from three Italian private companies in the technology, manufacturing, and automation sectors. This comes ahead of KKR's binding offer for Telecom Italia's landline network, which could be worth $24.7 billion. KKR is also scaling up in the Indian market with an investment in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 1:47 pm