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MGM

O

Realty Income Corp (NYSE:O) plans to invest $950 million to acquire a 21.9% stake in a joint venture that owns 95% of the real estate assets of The Bellagio Las Vegas. The stake is being purchased from Blackstone Real Estate Income Trust, Inc. of Blackstone Inc (NYSE:BX) for around $300 million. Realty Income will also acquire a yield-bearing preferred equity interest in the joint venture for $650 million. The transaction is expected to close in Q4 2023. MGM Resorts International (NYSE:MGM) will retain a 5.0% ownership in the asset.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 2:10 pm

IDEX

Ideanomics, Inc. (NASDAQ:IDEX) shares are trading lower after the company effected a 1-for-125 reverse stock split to regain compliance with the Nasdaq minimum bid requirement. This reduced the number of outstanding shares from 1.5 billion to 12 million. The company is set to release its Q1 financial reports after market close on Friday, with an expected loss of 12 cents per share and revenue of 10.562 million.

Portfolio Pulse from Erica Kollmann

August 25, 2023 | 2:10 pm

DIS

A significant amount of unusual options activity has been detected for Walt Disney (NYSE:DIS), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $334,550 and for calls was $536,060. Whales have been targeting a price range from $60.0 to $110.0 for Walt Disney over the last 3 months. The current price of DIS is up 0.93% at $83.24. Several financial institutions have maintained their positive ratings on Walt Disney, with price targets ranging from $102 to $146.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:01 pm

AMD

A significant investor has taken a bullish stance on Advanced Micro Devices (AMD), with 66% of investors opening trades with bullish expectations. Whales have been targeting a price range from $80.0 to $125.0 for AMD over the last 3 months. The price of AMD is currently down -0.96% at $100.82. Analysts from JP Morgan, Susquehanna, Morgan Stanley, Benchmark, and Rosenblatt have given their ratings and price targets for AMD.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 1:46 pm

ALLG

Allego N.V. (NYSE:ALLG) has announced an exchange offer and consent solicitation relating to its outstanding warrants to purchase ordinary shares. The purpose is to simplify the company's capital structure and reduce the potential dilutive impact of the warrants. The company is offering 0.23 Ordinary Shares in exchange for each outstanding Warrant. The company is also soliciting consents from holders of the Warrants to amend the warrant agreement. The offering period will continue until September 22, 2023.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 1:19 pm

Pathward Financial

Pathward Financial has announced the authorization of a common stock share repurchase program of up to 7 million shares. Additionally, the company has declared a $0.05 cash dividend for Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:05 pm

OSIS

Oppenheimer analyst Christopher Glynn maintains an Outperform rating on OSI Systems (NASDAQ:OSIS) and raises the price target from $133 to $157.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 12:45 pm

MYO

Myomo announced the pricing of a $4.4 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:30 pm

GHBWF

GLASF

Cannabis company Glass House Brands Inc. has raised $10.9 million in the first tranche of its $15 million Series D preferred stock offering. The funds will be used to expand cultivation capabilities and retail footprint, with plans to open new dispensaries across California. The company expects to raise an additional $4.1 million in subsequent closings of tranches under the offering.

Portfolio Pulse from Jelena Martinovic

August 25, 2023 | 12:28 pm

BTCUSD

ETHUSD

HIBB

INTU

NVDA

SPY

The Fear & Greed Index has moved to the 'Fear' zone ahead of Powell's speech. Intuit, Hibbett, and three other stocks are to be watched. Ark Invest sold Nvidia shares worth nearly $1.9M. Bitcoin's future is speculated to reach a million dollars. Coinbase delisted six cryptocurrencies. Tech giants Ericsson and Huawei renewed their patent pact in the 5G era. Amazon is in early talks with Disney for ESPN streaming partnership. Tesla's Diner-Supercharger concept in LA gets green signal. Novo Nordisk's Ozempic may be propelled to greater heights by three new markets.

Portfolio Pulse from Akanksha Bakshi

August 25, 2023 | 12:08 pm