Streetbeat News

Equity Actions

BUD

Bill Gates has purchased $95 million worth of Anheuser-Busch shares, equivalent to 1.7 million shares, through his Bill & Melinda Gates Foundation Trust. This comes after Anheuser-Busch's share price fell nearly 9% over the past six months due to a failed marketing campaign for Bud Light. Despite the ongoing national boycott of Bud Light, Gates is betting on a comeback for the brand.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 2:31 pm

PENN

An options alert has been issued for PENN Entertainment, with a sweep of 1989 calls at $0.397 for Friday $22.5, compared to an open interest of 431. The company's earnings are expected to be announced on 11/2 before the market opens. The reference price is $22.65.

Portfolio Pulse from Charles Gross

September 06, 2023 | 2:25 pm

QCOM

Qualcomm's CEO Cristiano Amon discussed the impact of AI in the automotive sector on CNBC. He suggested that the use cases they are seeing from their OEMs and phones could create a new upgrade cycle for phones.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 2:19 pm

BABA

A whale investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whale has been targeting a price range from $70.0 to $105.0 for Alibaba over the last 3 months. The price of BABA is up 0.75% at $95.36. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $100 to $180.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:17 pm

MA

MSFT

Mastercard Inc (NYSE:MA) has signed a memorandum of understanding with Fintech Saudi to boost the fintech industry in Saudi Arabia. The agreement aims to power an inclusive digital economy and advance entrepreneurship in the country. Fintech Saudi, a joint venture by Saudi Central Bank and the Capital Market Authority, plans to support 525 fintech startups in the Kingdom by 2030.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 2:11 pm

NBSE

Symetryx Corporation has acquired 20% of the common stock in Neubase Therapeutics Inc. (NASDAQ:NBSE) and is urging the Board to issue a $1 per share dividend. Symetryx believes that Neubase's cash position makes it an attractive merger candidate and that a dividend would not make the company less attractive. Symetryx intends to engage with Neubase's management to maximize shareholder value and is open to all options, including a merger, acquisition, special dividend, or a winding down of the company.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 2:02 pm

FSLR

Morgan Stanley analyst Andrew Percoco has upgraded First Solar (NASDAQ:FSLR) from Underweight to Equal-Weight and raised the price target from $180 to $206.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 1:55 pm

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE) has announced a stock repurchase program of up to $1,000,000 of the Company's outstanding Ordinary Shares. The program will commence immediately and the actual timing, number, and value of shares repurchased will be determined by management. The program may be suspended, terminated, or modified at any time.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:29 pm

CBOE

Cboe Global Markets has reported a 10% YoY increase in Q2 net revenue, reaching $467.1 million, driven by strong growth in its options business and Data & Access solutions sectors. The options category contributed $283.2 million, marking a 20% boost from Q2 2022. However, the company saw declines in revenues across its North American equities, Europe and Asia Pacific, and futures business segments. The company's future outlook appears promising as it continues to expand its offerings, including the introduction of its 1-day volatility index (VIX1D) and new sweep order types for its European equities exchange.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 1:28 pm

EZGO

EZGO Technologies Ltd. has announced the pricing of a $10 million registered direct offering. The company plans to use the proceeds for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 1:24 pm