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Equity Actions

LVS

Las Vegas Sands Inc. (NYSE:LVS) shares are currently trading at $52.62, after a 1.41% decrease. Despite a decrease of 11.14% over the past month, the stock has increased by 38.88% over the past year. The company's P/E ratio is 762.43, significantly higher than the industry average of 31.42, indicating that investors expect the company to perform better in the future or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 8:30 pm

AMC

AMC Entertainment Holdings has filed a Certificate of Elimination with the SEC to remove the matters related to the conversion of its outstanding AMC Preferred Equity Units into shares of the company's Class A common stock from its Certificate of Incorporation.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:17 pm

CBAT

CBAK Energy Technology Inc's board of directors has appointed Mr. Jiewei Li as the company's CFO and Secretary, effective immediately, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:16 pm

ACHR

ARKF

ZM

Prominent investor Cathie Wood has increased her stake in Zoom Video Communications Inc. through her Ark Investment Management LLC funds, despite the company's recent stock decline. This move demonstrates Wood's confidence in Zoom, despite market skepticism and a global trend towards returning to physical workplaces. Wood's Ark Innovation ETF has also seen a 31% growth in 2023. Additionally, Wood has been investing in Archer Aviation Inc., which has seen a 16% surge in its share price.

Portfolio Pulse from Chris Bibey

August 25, 2023 | 8:06 pm

HLGN

Heliogen, Inc. (NYSE:HLGN), a provider of AI-enabled solar energy technology, has announced a 1-for-35 reverse stock split of its common stock. The split is expected to be effective at 5:00 p.m., Eastern Time, on August 31, 2023. Post-split, the common stock will continue trading on the NYSE under the symbol 'HLGN', but with a new CUSIP number: 42329E204.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:05 pm

ARNC

Arconic Corporation (NYSE: ARNC) has announced that Chris Ayers will become its CEO and Chair of the Board, effective from September 11, 2023. Ayers has served on Arconic's Board of Directors for seven years and held several executive positions in Alcoa, the company's predecessor. Current CEO Tim Myers will continue to serve in an advisory capacity as Arconic's Lead Outside Director of the Board.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:00 pm

VZ

A whale investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $20.0 to $35.0 for Verizon over the last 3 months. The price of VZ is currently down -0.06% at $33.36. Citigroup has maintained their Neutral rating on Verizon, while Oppenheimer and Morgan Stanley have downgraded their actions to Outperform and Overweight respectively.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 7:45 pm

ABNB

A significant bullish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $100.0 to $140.0 for Airbnb over the last 3 months. The price of ABNB is up 1.11% at $126.11. Several financial institutions have maintained their ratings on Airbnb, with price targets ranging from $114 to $185.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 7:30 pm

BCTX

BriaCell Therapeutics Corp. (NASDAQ:BCTX) has received court approval for a plan of arrangement to spin out certain pipeline assets, including Bria-TILsRx™ and protein kinase C delta (PKCδ) inhibitors, to BriaPro Therapeutics Corp. (SpinCo). The arrangement will result in a 2/3 owned subsidiary of BriaCell, with the remaining 1/3 held by BriaCell shareholders. The arrangement is expected to take place on August 31, 2023. Following the arrangement, BriaCell will remain listed on the NASDAQ and Toronto Stock Exchange, while SpinCo will become an unlisted reporting issuer in Canada.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 6:57 pm

V

A significant investor has taken a bearish stance on Visa (NYSE:V), with 54% of recent trades being bearish and 45% bullish. The trades range from $95.0 to $335.0 for Visa over the last 3 months. The price of Visa is up 1.52% at $243.1, with RSI indicators suggesting it may be approaching overbought. JP Morgan maintains an Overweight rating on Visa with a price target of $296.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:45 pm