Streetbeat News

Equity Actions

SQ

A whale investor has taken a bullish stance on Block (NYSE:SQ), with 72% of the investors opening trades with bullish expectations and 27% with bearish. The whale has been targeting a price range from $55.0 to $87.5 for Block over the last 3 months. The price of SQ is up 0.81% at $58.64. Analysts have mixed ratings on Block, with price targets ranging from $70 to $90.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 2:46 pm

TLLTF

TILT Holdings Inc. (OTC:TLLTF) has announced that its subsidiaries, SFNY Holdings Inc. and Standard Farms New York LLC, have sold all membership interests in Standard Farms NY to CGSF Investments, LLC, a subsidiary of PowerFund Holdings II LLC, for $1.4 million. Standard Farms NY holds a 75% interest in CGSF Group LLC, which is establishing vertical cannabis operations on the Shinnecock Nations tribal territory in the Hamptons, New York. The Little Beach Harvest dispensary, nearing completion, is expected to open this autumn.

Portfolio Pulse from Jelena Martinovic

September 05, 2023 | 2:45 pm

AMC

AMC Entertainment Holdings Inc's shares are trading lower by 2.52% to $12.77. The company recently announced the premiere of the TAYLOR SWIFT | THE ERAS TOUR concert movie in October. AMC Theatres will showcase the concert film starting October 13 with a minimum of four daily showtimes on Thursdays through Sundays. The company has expanded its ticket server capacity to accommodate high ticket demand. AMC shares are otherwise lower by 80% over the trailing year. The company commenced trading under a 10-to-1 reverse split arrangement last Thursday and its AMC Preferred Equity Units underwent conversion into common stock on Friday.

Portfolio Pulse from Henry Khederian

September 05, 2023 | 2:36 pm

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE) has announced that its members have approved a potential consolidation of the company's ordinary shares, ranging from 1-for-1.5 to 1-for-10, at an Extraordinary General Meeting. The move is aimed at regaining full compliance with the Nasdaq's share price listing rule, which requires the bid price for the company's shares to close at $1.00 per share or more for a minimum of 10 consecutive business days.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:31 pm

ADBE

A significant bullish stance on Adobe (NASDAQ:ADBE) has been observed through unusual options activity. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $450.0 to $600.0 for Adobe over the last 3 months. B of A Securities upgraded its action to Buy with a price target of $630. Adobe's next earnings are expected to be released in 9 days.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 2:16 pm

ILMN

Illumina has appointed Jacob Thaysen as its new CEO, following which the company's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 2:14 pm

APO

BLK

GS

JPM

Former Goldman Sachs executive Raoul Pal has suggested that cryptocurrencies could potentially see a $1 quadrillion market cap as they integrate with the entire finance industry. He noted that major financial institutions like BlackRock, Apollo, Goldman Sachs, and JPMorgan are not just observing the crypto sector but actively participating. The comments come as the transformative potential of blockchain technology and cryptocurrency is increasingly recognized.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 2:14 pm

MORN

Morningstar's stock is set to be included in the S&P MidCap 400, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 2:10 pm

CYBN

MSSTF

PSIL

PSYCF

SILFF

Several mergers and acquisitions have been announced in the psychedelics sector. Cybin (NYSE:CYBN) is acquiring Small Pharma (OTC:DMTTF), Silo Wellness (OTC:SILFF) is buying NUGL Inc./Kaya Group (OTC:NUGL), and Mindset Pharma (OTC:MSSTF) is being acquired by Otsuka America Inc., part of Otsuka Holdings (OTC:OTSKF). Additionally, Psyched Wellness (OTC:PSYCF) is set to receive $7.5M in financing. The AdvisorShares Psychedelics ETF (NYSE:PSIL) has seen a slight increase in its share price.

Portfolio Pulse from Lara Goldstein

September 05, 2023 | 2:08 pm

TOL

Investor Business Daily SwingTrader has reportedly sold its stock in Toll Brothers (TOL).

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:07 pm