Streetbeat News

Equity Actions

KNTK

Kinetik has announced the appointment of Trevor Howard as its Senior Vice President and CFO, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:18 pm

MYO

Myomo plans to offer shares of its common stock in a 'reasonable best efforts' public offering. The company intends to use the net proceeds for general corporate purposes, including working capital, capital expenditures, research and development expenses, and sales and marketing activities.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:17 pm

PHUN

Phunware has announced a purchase agreement with Lincoln Park Capital Fund for up to $30M over a 24-month period. Phunware will control the timing and amount of any sales with no upper limits to the price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:15 pm

CYBN

Psychedelics biotech Cybin Inc. (NYSE:CYBN) has renewed its at-the-market (ATM) equity program, allowing the company to issue and sell up to $35 million in common shares to the public. The program will be effective until all allowed shares are issued and sold or until Sept. 17, 2025. Cybin intends to use the net proceeds from these sales for growth opportunities and working capital.

Portfolio Pulse from Lara Goldstein

August 24, 2023 | 7:49 pm

EWG

EWU

IYH

LQD

RSP

SMH

SPY

TLT

XLI

The article discusses the current financial conditions, focusing on the rise in 10-year Treasuries and real 10s. It also highlights the impact of the yuan and yen exchange rate weakness on the continuation of the real rate bear yield curve steepening. The article further discusses the potential risks and opportunities in the banking and energy sectors, and the impact of deglobalization on productivity. It concludes with a tactical asset allocation recommendation.

Portfolio Pulse from Barry Knapp

August 24, 2023 | 7:28 pm

ISRG

A significant investor has taken a bullish stance on Intuitive Surgical (NASDAQ:ISRG), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $255.0 to $430.0 for Intuitive Surgical over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $360. The price of ISRG is down -1.32% at $286.55.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:19 pm

ARKF

ARKK

ARKW

BLK

COIN

GBTC

Ark Invest Founder Cathie Wood believes that the price of Bitcoin will rise and could hit $1 million by 2030. She suggests that the approval of Bitcoin ETFs could increase demand for Bitcoin. Coinbase Global Inc is a top holding in the Ark Innovation ETF, Ark Next Generation Internet ETF, and the Ark Fintech Innovation. Wood also highlighted the importance of Coinbase’s partnership with BlackRock Inc for the cryptocurrency sector. The Grayscale Bitcoin Trust is also a top holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

August 24, 2023 | 7:07 pm

AGEEF

CGC

A new report by IMARC Group projects a 20.12% CAGR growth for the medical cannabis market in Africa from 2023 to 2028. The growth is driven by legalization, increased awareness, a rising elderly population, and research initiatives. Key players in the market include AgriPharma Pty LTD., Bophelo Bioscience & Wellness (Pty) Ltd., Halo Labs Inc., and Canopy Growth Corporation.

Portfolio Pulse from Joana Scopel

August 24, 2023 | 6:57 pm

FXI

SPY

U.S. Treasury's Adeyemo expressed concerns about developing economies and those in Asia and Europe that are reliant on the Chinese economy for growth. He also mentioned that U.S. economic momentum is being driven by investments in infrastructure, green energy, and underserved communities.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:50 pm

ROIVW

Vivek Ramaswamy, the biotech billionaire and political aspirant, faced criticism and jests during the GOP debate for the 2024 Republican presidential nomination. Ramaswamy, known for the successful IPO of Myovant Sciences and his role in Roivant Sciences (NASDAQ:ROIVW), was criticized for his lack of political experience and audacious claims. Despite this, he found support from Bill Ackman, founder and CEO of Pershing Square Capital, who suggested Ramaswamy could rise beyond his current 10.3% polling numbers if he clarified his positions on key issues.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 6:45 pm