Streetbeat News

Equity Actions

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has filed a universal shelf registration statement on Form F-3 with the U.S. SEC. This move enhances the company's financial flexibility, allowing it to access capital markets to fund its growth. The company has around $300 million of won business, indicating near-term revenue growth.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:10 pm

CELL

Morgan Stanley analyst Tejas Savant has upgraded PhenomeX (NASDAQ:CELL) from Underweight to Equal-Weight and announced a $1 price target.

Portfolio Pulse from richadhand@benzinga.com

August 18, 2023 | 11:55 am

NVS

Novartis has announced the spinoff date for its generics division, Sandoz, as October 4. The decision will be finalized in an Extraordinary General Meeting (EGM) of Novartis shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:51 am

MSFT

Microsoft Corp is set to sell a new version of Databricks software, which aids in the creation of AI apps for businesses, through its Azure cloud-server unit. This move comes amidst a shake-up in the AI market, with Databricks offering an alternative to licensing OpenAI's proprietary models. Microsoft has also revealed plans to increase charges for new AI features in its Microsoft 365 service by 53% - 83%. Meanwhile, OpenAI has acquired the team at Global Illumination.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 11:39 am

MSGE

Madison Square Garden Entertainment Corp (MSGE) has provided its financial guidance for fiscal year 2024, expecting revenues of $900 million to $930 million, operating income of $100 million to $110 million, and adjusted operating income of $160 million to $170 million. This is slightly below the estimated revenue of $933.79 million.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 11:34 am

AAPL

SPIKE

Apple Inc. (AAPL) shares fell by 1.46% on higher-than-average volume, dragging the S&P 500 lower and increasing stock market volatility. This comes amid fears of further US interest rate hikes due to persistent inflation. The SPIKES Volatility Index (SPIKE) tracks expected volatility in the SPY over the next 30 days. Apple's relative strength index (RSI) reached about 27%, indicating it may be oversold.

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:10 am

BTCUSD

SPKY

UVXY

The stock market and Bitcoin experienced a downturn, with the S&P 500 closing down 0.77% and Bitcoin closing 7.15% lower. This was due to concerns that the Federal Reserve will continue its rate hike campaign. As a result, stock market volatility increased, with the Volatility S&P 500 Index rising 6.74%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked higher, as predicted by Benzinga. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:08 am

MANU

Sheikh Jassim, a member of the Qatari royal family, has expressed concerns that the Glazers may not be willing to sell Manchester United (MANU).

Portfolio Pulse from Charles Gross

August 18, 2023 | 9:47 am

WHF

WhiteHorse Finance, Inc. (NASDAQ:WHF) has priced a registered public offering of $30 million in aggregate principal amount of its 7.875% notes due 2028. The net proceeds to the company will be approximately $28.8 million, or $33.2 million if the underwriters fully exercise the overallotment option.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 7:35 am

ATHX

Athersys, Inc. has announced the pricing of its public offering of 10.9 million shares at $0.32 per share, raising $3.5 million. The company will also issue Series A and Series B Warrants to purchase up to an aggregate of 10.9 million shares of common stock each, exercisable immediately and expiring in five years and one and a half years, respectively.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 7:24 am