Streetbeat News

Equity Actions

EOG

Unusual options activity has been observed for EOG Resources (NYSE:EOG), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for EOG Resources over the last 3 months is from $104.2 to $146.0. Major financial institutions including Morgan Stanley, UBS, Wells Fargo, Mizuho, and Jefferies have maintained their positive ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:30 pm

SNOW

A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is $130.0 to $210.0. The current price of SNOW is up 3.44% at $171.66. Analysts from Mizuho, Wells Fargo, and Barclays maintain a positive rating on Snowflake, while Needham and DA Davidson have downgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:30 pm

GROM

Grom Social Enterprises Inc (NASDAQ:GROM) shares are trading lower by 2.6% to $2.22 after the company priced a $3 million offering last week. The stock has also fallen by 58% over the past week. The company plans to use the proceeds from the offering for general corporate purposes, including acquisitions, R&D, strategic partnerships, and capital expenditures.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 3:17 pm

KKR

KKR & Co is set to invest ₹2,069.50 crore in Reliance Retail Ventures, increasing its equity stake from 1.17% to 1.42%. The investment values Reliance Retail at an equity value of ₹8.361 lakh crore. This is a follow-on investment by KKR, reaffirming its belief in the market opportunity and Reliance Retail's business model.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:53 pm

ACAX

APRN

BTM

GETY

VTGN

The article lists the top five short squeeze candidates for the week, including Getty Images Holdings, Alset Capital Acquisition Corp, Bitcoin Depot, VistaGen Therapeutics, and Blue Apron Holdings. It also mentions five other stocks to watch that are rising on the charts with significant short percentages or borrowing costs, including Jupiter Wellness, Genius Group Limited, Bullfrog AI Holdings, AirSculpt Technologies, and Vapotherm Inc.

Portfolio Pulse from Chris Katje

September 11, 2023 | 2:52 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

LSEA

REFI

SACH

TCI

Benzinga Insights has identified five value stocks in the real estate sector: Hersha Hospitality (HT), Sachem Cap (SACH), Chicago Atlantic Real (REFI), Transcontinental Realty (TCI), and Landsea Homes (LSEA). These companies have been selected based on their low P/E multiples, indicating they may be undervalued. The report also highlights recent changes in earnings per share and dividend yields for each company.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:39 pm

BOWL

Bowlero Corp (NYSE:BOWL) reported a 10.6% YoY decline in Q4 FY23 sales to $239.42 million, missing the analyst consensus. However, revenue increased 54% compared to Q4 FY19. The company's gross profit for the quarter plunged 30.5% to $57.2 million. The company repurchased 6.4 million shares at an average price of $12.64 and the Board authorized an increase to the share repurchase program to $200 million. Bowlero sees FY24 revenue of $1.14 billion - $1.19 billion.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 2:30 pm

PALI

Palisade Bio Inc's shares are trading lower by 0.66% after the company announced a $2 million registered direct offering. The company plans to use the net proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for the offering.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 1:46 pm

YUM

Yum Brands Inc.'s (NYSE:YUM) share price is currently at $126.97, after a 0.34% increase. Over the past month, the stock fell by 4.34%, but in the past year, it spiked by 11.78%. The company's P/E ratio is lower than the aggregate P/E of 164.86 of the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:45 pm