Streetbeat News

Equity Actions

JPM

JP Morgan Chase & Co. plans to expand its online bank Chase to Germany and other European Union countries. This move will increase competition for European rivals in a crowded market. The company entered the British market with a digital-only retail offering in 2021, marking its first foray outside the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 4:44 pm

SLB

Stephanie Link announced on CNBC that she has purchased more shares of Schlumberger (SLB).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:32 pm

BJDX

Bluejay Diagnostics has announced that its board has approved a 1-for-20 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:23 pm

BIO

Bio-Rad Laboratories has announced a $500 million share repurchase program, causing its shares to trade higher. In addition, Evelo Biosciences has terminated its sublease agreement with Bio-Rad and agreed to make a termination payment.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:20 pm

BIIB

Unusual options activity has been observed for Biogen (NASDAQ:BIIB), with a large position indicating a bullish stance. The sentiment among these big-money traders is split evenly between bullish and bearish. The options activity suggests a target price range of $200 to $350 for Biogen over the last three months. Current price of BIIB is $276.65, up 0.71%. RBC Capital and Morgan Stanley maintain their positive ratings on Biogen with price targets of $341 and $355 respectively, while Needham and HC Wainwright & Co. have downgraded their actions to Buy with price targets of $321 and $325 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:17 pm

DWAC

PSQH

RUM

Rumble, Inc. (NASDAQ:RUM) shares are experiencing high trading volume after CEO Chris Pavlovski tweeted about the short interest in the company's stock. Other conservative media companies' stocks, including Digital World Acquisition Corp. (NASDAQ:DWAC) and PSQ Holdings, Inc. (NASDAQ:PSQH), are also making large price moves. Rumble shares are currently trading 3.66% lower at $7.90.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 4:10 pm

MATX

Matson Inc (NYSE:MATX) shares surged after the company announced strong preliminary Q2 2023 results, with expected net income and EPS of $76.3 million-$81.5 million and $2.14-$2.28, respectively. The company also reported a decrease in consolidated operating income due to lower contributions from China service. During Q2, Matson repurchased approximately 0.6 million shares for a total cost of $42.4 million.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 4:09 pm

BTM

DWAC

IPG

RDHL

SFBS

SIRI

SLB

U.S. stocks traded higher with the Nasdaq Composite gaining around 20 points. Schlumberger N.V. reported a 19.6% YoY increase in Q2 FY23 revenue to $8.10 billion, missing the consensus of $8.22 billion. Digital World Acquisition Corp. shares rose 56% after reaching a settlement with the SEC. ServisFirst Bancshares shares rose 14% following upbeat Q2 results. Bitcoin Depot Inc. shares gained 13% after reporting Q2 preliminary revenues and 2023 guidance. The Interpublic Group of Companies shares dropped 11% after reporting Q2 financial results. RedHill Biopharma shares were down 21% after announcing a registered direct offering. Sirius XM Holdings was down 14% after multiple firms downgraded their rating on the stock.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 4:01 pm

CVNA

GFAI

GRRR

NKLA

PSQH

Benzinga's Stock Whisper Index has highlighted five stocks that are currently under the radar but warrant attention. These include Carvana Co, which reported strong quarterly results and plans to raise $1 billion through a share offering; Nikola Corp, which is seeing a surge in interest following the announcement of its Hydrogen Hub project acquisition by Fortescue Future Industries; Guardforce AI, which announced a partnership for a new robotic security solution in Singapore; PSQ Holdings, which went public through a SPAC merger; and Gorilla Technology Group, which reported a deal with British Telecom.

Portfolio Pulse from Chris Katje

July 21, 2023 | 3:56 pm

RDHL

RedHill Biopharma Ltd's shares are down after the company announced a registered direct offering of 1.3 million American Depositary Shares (ADS) at $1.35 per ADS. The company also entered into an agreement to exercise its warrants at a reduced price. The gross proceeds from these transactions are expected to be around $3.8 million. Additionally, RedHill's development partner, Apogee Biotechnology, has been awarded a $1.7 million SBIR grant to support research for opaganib.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 3:52 pm