Streetbeat News

Equity Actions

KRT

Karat Packaging has priced a secondary offering of 1 million shares at $21 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:26 pm

BIDU

CRM

GOOG

INTC

MSFT

NVDA

PLTR

TSLA

TIME magazine has released its inaugural TIME 100 AI list, highlighting the top 100 individuals in the artificial intelligence sector. The list includes CEOs of several publicly traded companies such as Alphabet Inc, Baidu Inc, Tesla Inc, Palantir Technologies, Intel Corp, Microsoft Corporation, NVIDIA Corporation, and Salesforce Inc. The list also features leaders from private AI companies like OpenAI and Hugging Face.

Portfolio Pulse from Chris Katje

September 08, 2023 | 5:05 pm

PFE

A significant investor has taken a bearish stance on Pfizer (NYSE:PFE), with 53% of recent trades being bearish and 46% bullish. The majority of trades are puts, totaling $697,166, compared to calls totaling $459,174. Whales have been targeting a price range from $25.0 to $37.5 for Pfizer over the last 3 months. Pfizer's current price is $34.16, down 0.34%. Cantor Fitzgerald has downgraded Pfizer to Overweight with a price target of $75.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 5:01 pm

MARA

Marathon Digital Holdings has entered into exchange agreements with holders of its 1.00% Convertible Senior Notes for newly issued shares of stock. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:59 pm

AMZN

CMCSA

DIS

DKNG

WBD

Entrepreneur Gary Vee predicts a successful 2023 NFL season for the New York Jets, following the acquisition of star quarterback Aaron Rodgers. The Jets' increased visibility is also noted, with the team featured in Warner Bros. Discovery’s docuseries “Hard Knocks” and six primetime television matchups on NBC, ESPN, and Amazon Prime Video. Betting odds from DraftKings indicate the Jets as one of the favorites to win Super Bowl LVIII.

Portfolio Pulse from Chris Katje

September 08, 2023 | 4:51 pm

ARQQ

BIOC

GROM

LTRX

RENT

SWBI

US stocks traded higher with the Dow Jones gaining around 100 points. Wholesale inventories in the U.S. declined by 0.2% from a month ago in July. Biocept, Inc. (BIOC), Smith & Wesson Brands, Inc. (SWBI), and Lantronix, Inc. (LTRX) saw their shares rise after positive news. Meanwhile, Grom Social Enterprises, Inc. (GROM), Rent the Runway, Inc. (RENT), and Arqit Quantum Inc. (ARQQ) shares dropped due to negative news.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 4:02 pm

AHI

Advanced Health Intelligence Ltd (AHI) has entered into a collaboration agreement with Bin Farhood International Business Management Group, a subsidiary of Dr O Group, to deploy AHI's technology throughout the Middle East and North Africa (MENA) region. The partnership aims to redefine healthcare and promote health excellence in the region. Bin Farhood Group will receive a monthly consulting fee and a revenue share of 10% on gross sales from contracts introduced by them. The group may also receive fees from any investment into AHI introduced by them.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:01 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced that it has entered into exchange agreements with certain holders of its 1.00% Convertible Senior Notes for newly issued shares of stock. The exchange involves approximately $417 million aggregate principal amount of the notes for an aggregate of approximately 26.2 million newly issued shares of Marathon common stock. After the exchanges, approximately $331 million aggregate principal amount of the convertible senior notes will remain outstanding. The company's shares are trading lower.

Portfolio Pulse from Erica Kollmann

September 08, 2023 | 3:36 pm

WBD

A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $2.5 to $20.0 for Warner Bros. Discovery over the last 3 months. Rosenblatt and Truist Securities have downgraded their actions on WBD with price targets of $10 and $17 respectively.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 3:16 pm

UBER

A significant bearish stance on Uber Technologies (NYSE:UBER) has been observed, with 27 uncommon options trades spotted. The sentiment of these big-money traders is split between 40% bullish and 59% bearish. Whales have been targeting a price range from $35.0 to $55.0 for Uber over the last 3 months. Wells Fargo, Loop Capital, and RBC Capital have maintained their positive ratings on Uber, with price targets of $59, $58, and $58 respectively.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 3:16 pm