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Equity Actions

SIGA

Siga Technologies has appointed Dr. Jay K. Varma as Executive Vice President and Chief Medical Officer. Dr. Varma will also continue to serve as a director of the Siga board of directors.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:24 am

GLD

SPY

USO

On Tuesday, US markets ended in red with Dow falling due to higher Treasury yields. Energy stocks surged over 1% on news of Saudi Arabia's and Russia's extended production and export cuts until the end of 2023. Asian markets were mixed with Japan's Nikkei 225 and China's Shanghai Composite closing higher, while Australia's S&P/ASX 200 and Shenzhen CSI 300 declined. European markets traded lower due to concerns about a slowdown in global economic growth and increased crude oil prices. Commodities and US futures also traded lower.

Portfolio Pulse from Akanksha Bakshi

September 06, 2023 | 10:15 am

TOST

UBS analyst Rayna Kumar has upgraded Toast (NYSE:TOST) from Neutral to Buy and raised the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:57 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki, has praised Tesla Inc. (NASDAQ:TSLA) for its clean energy solutions, calling it the 'most dominant solution for clean energy'. He criticized the use of hydrogen and conventional gasoline, calling them 'a disaster' and 'stupid' respectively. Gerber also lauded General Motors' decision to adopt Tesla's North American charging plug standard, which expands the accessibility of Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 8:20 am

HNST

The Honest Company has announced the appointment of Dave Loretta as its new Chief Financial Officer, effective from September 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:38 am

VWAGY

Volkswagen AG plans to introduce affordable electric vehicles (EVs) priced under $30,000. The company aims to reduce battery costs through a standard cell from subsidiary PowerCo and cost-effective cell chemistry without cobalt and nickel. Volkswagen also plans to use its MEB+ platform to enable fast charging in less than 20 minutes. The company's ID. 2 all-concept vehicle, with a starting price below $26,873, will be built on the MEB entry platform and is one of ten new electric models to be launched by 2026.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 4:51 am

ACHR

BEAM

NVDA

SHOP

SPOT

Ark Invest, led by Cathie Wood, has made significant trades, selling shares of Shopify Inc (SHOP) and Nvidia Corp (NVDA), and buying Spotify Technology SA (SPOT) shares. The firm also bought shares of Archer Aviation Inc (ACHR) and Beam Therapeutics Inc (BEAM). These moves reflect recent market dynamics and strategic shifts in Ark's investment approach.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 2:27 am

FOX

NXST

Rosenblatt Securities has released investor notes on Fox Corp and Nexstar Media Group, focusing on their positions amid shifts in the pay TV sector. Fox is leveraging growth through its Tubi initiative, while Nexstar is impacted by the Charter Communications and Walt Disney Co carriage dispute but could benefit from the rise of skinny bundles. Fox's shares slipped more than 6% at the start of the month due to the dispute, and its pay TV subscribers dipped 8% in the recent quarter. However, Tubi saw a 65% surge in TV time and a 47% spike in ad revenues. Nexstar's shares fell 13% due to the dispute, but the company has been proactive in securing agreements to maintain or introduce the broadcasting of its CW network.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 11:21 pm

GBTC

Grayscale Investments has communicated to the U.S. Securities and Exchange Commission (SEC) that there are no grounds to deny the transformation of its Grayscale Bitcoin Trust (OTC:GBTC) into an exchange-traded fund (ETF). The company highlighted a recent decision by the U.S. Court of Appeals, which overturned the SEC's prior disapproval of the trust's ETP conversion. Grayscale also pointed out the financial implications of the delay, stating that the trust's shares trading at a substantial discount could be rectified if the trust received the same treatment as Bitcoin futures ETPs.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 11:19 pm

BRDS

Bird Global has announced that H. Joseph Prodan will succeed Michael Washinushi as the company's CFO, effective from August 30, 2023.

Portfolio Pulse from Charles Gross

September 05, 2023 | 11:18 pm