Streetbeat News

Equity Actions

AGIL

AgileThought, Inc., a global provider of digital transformation services, has announced a strategic financial restructuring. This includes additional working capital funding, a go-private transaction, and restructuring to reduce the company's debt load, infuse new capital into the business, and provide a firm financial foundation for its future.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 6:15 pm

BMY

BSX

CVS

DHR

GILD

JNJ

MRK

MRNA

PFE

TGTX

Benzinga's options activity scanner has identified significant trading activity in the options of ten healthcare stocks. The stocks are Johnson & Johnson (JNJ), Boston Scientific (BSX), TG Therapeutics (TGTX), CVS Health (CVS), Danaher Corporation (DHR), Gilead Sciences (GILD), Merck & Co. (MRK), Pfizer (PFE), Bristol-Myers Squibb (BMY), and Moderna (MRNA). The options trades range from bullish to bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:35 pm

AAPL

CRM

CRWD

INTC

MRVL

MSFT

NVDA

ORCL

PANW

TSM

Benzinga's options activity scanner has identified significant trading activity in the options of ten information technology stocks. The stocks include NVDA, AAPL, ORCL, PANW, TSM, MSFT, CRWD, INTC, MRVL, and CRM. The options trades range from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:35 pm

FFIE

Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) shares are experiencing volatility following a 1-for-80 reverse stock split. The stock began trading on a reverse-split basis on Monday, with over 3.1 million shares traded. Despite a 14% drop, the stock has rebounded from an intraday low of over 25%. FFIE shares have attracted retail investors and are among the top trending tickers on Stocktwits and Yahoo! Finance. Currently, 20.19% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 5:29 pm

VRNOF

Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) is facing challenges in Alabama as the state's cannabis regulators prepare to redo medical marijuana's license allocations for the third time. Verano, which had secured one of Alabama's highly sought-after licenses in June, lost its chance to enter the market when the Alabama Medical Cannabis Commission (AMCC) chose Insa Alabama LLC instead. Verano's CEO, George Archos, has written to Governor Kay Ivey, stating the company's readiness to invest at least $40 million in Alabama.

Portfolio Pulse from Jelena Martinovic

August 28, 2023 | 4:57 pm

QQQ

TLT

The article discusses the market's reaction to the recent Federal Reserve Symposium at Jackson Hole, where Powell reaffirmed his commitment to restoring inflation to the targeted 2% and maintaining higher rates for an extended duration. The article also explains how to analyze market sentiment before major events using option data, focusing on the positioning of major indexes and the significance of straddles. The analysis can be applied to various indices and assets, including QQQ and TLT.

Portfolio Pulse from Menthor Q Research

August 28, 2023 | 4:43 pm

FCEL

XOM

FuelCell Energy Inc (FCEL) has extended its joint venture deal with Exxon Mobil Corp (XOM) through March 31, 2024. The agreement, initially aimed at advancing carbonate fuel cell technology for carbon capture applications, will now focus on more expansive opportunities. The companies expect a final investment decision on a demonstration project later this year. FCEL also announced agreements with Noeul Green Energy and Gyeonggi Green Energy in Korea.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:34 pm

AUVI

Applied UV has initiated price increases across select Airocide and Munnwork's products to improve overall blended gross margins. The company is also reducing duplicate headcount where applicable.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:09 pm

AUVI

Applied UV has announced a restructuring plan aimed at simplifying its corporate structure, increasing gross margins, enhancing profitability, and driving organic growth. The plan is intended to improve operational performance and drive shareholder value creation.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:08 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading higher, with the stock up more than 280% over the last three months. The company recently completed all equity capital requirements of its previously announced exchange offer transaction support agreement, raising $126 million of equity capital from existing shareholders Ernest Garcia II and Ernest Garcia III, CEO of Carvana. The transaction valued CVNA Class A common stock at $46.31 per share, an 18% premium to the closing price on Aug. 18. Shares of CVNA continue to draw outsized short interest with 46.47% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 4:02 pm