Streetbeat News

Equity Actions

WWE

WWE's stock experienced a significant drop of 1300 points in a single day, coinciding with Saudi Arabia's $100 million investment in Professional Fighters League, a UFC rival. The stock broke through a major psychological support level at $100, indicating a potential shift in investor sentiment and market dynamics. Despite the decline, the stock has found support from the daily 200 simple moving average, suggesting a potential opportunity for investors to acquire shares at a discounted rate.

Portfolio Pulse from Zaheer Anwari

September 01, 2023 | 1:52 pm

HITI

High Tide Inc. (NASDAQ:HITI) has secured CA$30 million in financing through an at-the-market equity offering program. The company will use the proceeds to fund strategic initiatives, support existing operations, fund future acquisitions, and for working capital and general corporate purposes. The company's shares traded 1.36% lower at $1.45 per share during the pre-market session on Friday morning.

Portfolio Pulse from Jelena Martinovic

September 01, 2023 | 1:37 pm

ADTX

Aditxt announced a $10 million private placement priced at-the-market under Nasdaq rules, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:35 pm

NTNX

Nutanix, Inc. (NASDAQ:NTNX) reported stronger-than-expected Q4 results and announced a $350 million share repurchase program. The company's Q4 revenue increased 28% YoY to $494.21 million, beating the consensus estimate of $475.16 million. Nutanix expects Q1 revenue of $495 million to $505 million, and full-year revenue between $2.085 billion and $2.115 billion. Following the earnings announcement, Keybanc, Needham, and JMP Securities revised their price targets on Nutanix.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 1:20 pm

HLX

PFIE

SFL

TRGP

UEC

The article lists five energy stocks that are considered overbought and may decline in the short term. These include Profire Energy, Inc. (PFIE), Uranium Energy Corp. (UEC), Helix Energy Solutions Group, Inc. (HLX), Targa Resources Corp. (TRGP), and SFL Corporation Ltd. (SFL). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 12:53 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has provided an update on the planned spin-off of its real estate development subsidiary, Safe & Green Development Corp (SG DevCo). Stockholders will be eligible to receive a distribution of approximately 0.93 shares of SG DevCo for every 5 shares of SG Holdings held. The distribution is expected to generate greater value for stockholders.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:33 pm

AMD

MSFT

NVDA

Mustafa Suleyman, CEO of Inflection AI, has called for restrictions on the sale of Nvidia chips to buyers who commit to using AI technology ethically. He suggests this could influence global AI practices. The US government has expanded its crackdown on Nvidia and AMD's AI chip exports to regions beyond China. Inflection AI has raised $1.3 billion from Microsoft and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 12:32 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) announced that its stockholders approved the proposal to increase the number of shares of Workhorse common stock. The approval will enable the company to fund its next phase of execution and growth. The company plans to advance product roadmaps, support its Aero business, and invest in supplier tooling and assembly equipment for its W56 production.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:26 pm

BTCUSD

GOOGL

PLTR

The US markets are set to rebound on hopes of jobs data swaying the Fed. Analysts predict a bull run into September and see more than 7% upside in Alphabet. Bitcoin's brief spikes on alleged good news quickly reversed. The Biden administration commits $15.5B to upgrade automaker factories for EV production. Morgan Stanley boosts Palantir stake by 50% in Q2, then slaps it with a 'Sell' tag.

Portfolio Pulse from Akanksha Bakshi

September 01, 2023 | 12:22 pm

HOOD

Robinhood has purchased 55,273,469 shares of its Class A common stock from the U.S. Marshal Service for a total of $605,694,411.59. The transaction was approved by the U.S. District Court for the Southern District of New York.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:17 pm