Streetbeat News

Equity Actions

OSBC

Old Second Bancorp has filed for a mixed shelf offering of up to $200 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 5:49 pm

DHI

A significant amount of unusual options activity has been detected for D.R. Horton (NYSE:DHI), with a bearish stance being taken by a majority of investors. Of the 24 strange trades detected, 58% were bearish and 41% were bullish. The total amount for puts was $829,394 and for calls was $505,656. Whales have been targeting a price range from $97.5 to $131.0 for D.R. Horton over the last 3 months. The current price of DHI is $116.44, down -0.05%. Credit Suisse has downgraded its action to Neutral with a price target of $120, while JP Morgan, JMP Securities, BTIG, and Keefe, Bruyette & Woods have maintained their ratings with price targets of $146, $140, $164, and $142 respectively.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 5:46 pm

AAPL

BILL

CRWD

CSCO

MARA

NVDA

PANW

QCOM

SNPS

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks mentioned are NVDA, AAPL, CSCO, MARA, AI, PANW, BILL, SNPS, CRWD, and QCOM. The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 5:35 pm

CMPS

CRLBF

Cresco Labs released Q2 2023 results with a revenue of $198m, up 2% sequentially, and an adjusted EBITA stock rise to $40.9m. Columbia Care's Q2 revenues fell slightly to $129m. COMPASS Pathways announced a securities purchase agreement that could secure most of the funding for their ongoing Phase 3 psilocybin-assisted clinical therapy trial. The agreement entails the issuance of 16,076,750 American Depositary Shares and equivalent number of purchase warrants, potentially bringing in approximately $125m directly to COMPASS.

Portfolio Pulse from The Dales Report

August 18, 2023 | 5:20 pm

EXPR

Express Inc. has issued preliminary Q2 financial results, announced a 1-for-20 reverse stock split, and plans to reduce its workforce by the end of Q3. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 4:59 pm

MCD

QSR

WEN

Truist Securities analyst Jake Bartlett reiterated a Buy rating on The Wendy's Co (WEN) with a price target of $26. Despite stiff competition from McDonald's Corporation (MCD) and Restaurant Brands International Inc (QSR) owned Burger King, Bartlett believes all three can be successful given increasing sales and share gains from smaller competitors. WEN's share gains are driven by scale advantages, including technology investments. Bartlett also noted that WEN does not plan on driving traffic with deep discounts and expects the same from its competitors.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 4:54 pm

SMX

SMX (Security Matters) Public Limited Company has announced that the previously approved 1-for-22 reverse stock split will take effect on August 21, 2023. The split will reduce the number of outstanding ordinary shares from approximately 48.8 million to approximately 2.2 million. The purpose of the split is to increase the per share trading price of the company's common stock, which is expected to satisfy the minimum bid price requirement for continued listing on NASDAQ.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:51 pm

AAPL

Bill Baruch, the founder and president of both Blue Line Capital and Blue Line Futures, announced on CNBC that he has bought more Apple shares.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:50 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trending on social media and have fallen by nearly 7% for the week. Despite releasing its Q2 financial report in line with expectations and announcing a $1 billion share buyback program, the shares have trended downward. The stock is also seeing above-average trading volume with over 41 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

August 18, 2023 | 4:28 pm

NKE

A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 61% of the spotted trades being bearish and 38% bullish. The total amount for puts is $600,824 and for calls is $168,228. Whales have been targeting a price range from $90.0 to $107.0 for Nike over the last 3 months. The current price of NKE is down -0.66% at $104.36. Next earnings are expected in 41 days.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 4:16 pm