Streetbeat News

Equity Actions

AMC

AMC Entertainment Holdings has an option alert for Sep 29 $8.5 calls sweep near the ask with 900 @ $0.769 vs 240 open interest. The company's earnings are expected to be announced after close on November 7. The reference price is $7.8994.

Portfolio Pulse from Charles Gross

September 13, 2023 | 3:09 pm

C

Citigroup's CFO has announced that the company expects to conduct modest stock buybacks this quarter.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:08 pm

C

Citigroup CEO has stated that the company's reorganization will not affect its expenses guidance. The announcement comes as the bank is undergoing a major restructuring process.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:06 pm

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