Streetbeat News

Equity Actions

SDRL

Seadrill's Board of Directors has authorized a share repurchase program that allows the company to repurchase up to $250 million of its outstanding common shares.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:40 am

MCHI

Ark Investment Management CEO Cathie Wood has warned that the Federal Reserve's continued rate tightening could lead to a global deflationary bust, with China being the first to be hit. Wood noted that China is exporting deflation and that the country's economic issues are now surfacing due to excessive debt and associated leverage. Recent data from China shows a combination of slow growth and a deflationary trend. The iShares MSCI China ETF (NASDAQ:MCHI) ended Monday’s session down 0.72% at $45.51.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 6:52 am

BSAQ

TSLA

VFS

Vietnamese EV maker VinFast is set to begin trading on the Nasdaq, but the Environmental Protection Agency (EPA) has listed the company’s vehicles with disappointing range. VinFast vehicles are priced similarly to Tesla's Model Y, but offer a significantly lower driving range. VinFast has completed its SPAC merger with Black Spade Acquisition Co and its shares will begin trading on the Nasdaq under ticker symbols VFS.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 6:06 am

ADPT

BEAM

DNA

NTLA

SDGR

TSLA

Ark Invest, led by Cathie Wood, sold $2.15 million worth of Tesla shares through its ARK Innovation ETF (ARKK) fund, despite bullish projections for Tesla. Ark also made several other trades, including purchasing shares of Ginkgo Bioworks Holdings (DNA), Intellia Therapeutics (NTLA), Beam Therapeutics (BEAM), and Adaptive Biotechnologies (ADPT), and selling shares of Schrodinger Inc (SDGR).

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 2:18 am

TSLA

Since Joe Biden's election as U.S. president, Tesla Inc's (NASDAQ:TSLA) stock price has seen a significant increase. The stock was trading at around $130 per share on the day of the election and is now trading at roughly $240. This 84.6% increase is attributed to increased government subsidies in the EV market, well-received upcoming products, and improved global reach and production goals due to new factories in China and Germany.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 11:50 pm

SRM

SRM Entertainment has priced its initial public offering (IPO) of 1.25 million shares at $5.00 per share. The shares are expected to start trading on The Nasdaq Capital Market on August 15, 2023, under the symbol 'SRM'.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:00 pm

ATVI

BRK

COF

DHI

LEN

MCK

MMC

NVR

OXY

VTS

Berkshire Hathaway has increased its investment in the US housing market, buying stakes in D.R. Horton, NVR, and Lennar Corp. It also increased its stakes in Capital One Financial Corp and Occidental Petroleum Corp, while reducing stakes in Activision Blizzard and Globe Life. Berkshire completely exited its positions in Vitesse Energy, McKesson Corp, and Marsh & McLennan Companies.

Portfolio Pulse from AJ Fabino

August 14, 2023 | 9:39 pm

SKY

Skyline Champion Corporation (SKY) is making a strategic investment of C$185 million in ECN Capital Corp. (TSX:ECN).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:38 pm

DFS

Discover Financial Services announced that Roger Hochschild has stepped down as CEO and President, effective immediately. John Owen, a member of the Board, has been appointed as the Interim CEO and President.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:25 pm

DFS

Discover Financial Services announced that the board has accepted the resignation of Roger C. Hochschild as CEO and President of the company, effective from August 14.

Portfolio Pulse from Charles Gross

August 14, 2023 | 9:10 pm