Streetbeat News

Equity Actions

CMG

Pershing Square Capital Management has reduced its stake in Chipotle Mexican Grill, Inc. from 1.03 million shares to 954,000 shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:55 pm

BEEM

Beam Global (NASDAQ:BEEM) reported Q2 earnings, beating analyst consensus estimates for both losses per share and sales. The company reported losses of 32 cents per share, beating the estimate of 34 cents, and sales of $17.82 million, beating the estimate of $14.40 million. The company also reported record Q2 EV ARC system deployments. The company's CEO highlighted their focus on European expansion through the intended acquisition of Amiga and the company's solid financial foundation.

Portfolio Pulse from Ryan Gustafson

August 14, 2023 | 8:54 pm

PSX

Elliott Management has acquired a stake of 775,000 shares in Phillips 66.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:49 pm

ET

A significant bullish stance has been taken on Energy Transfer (NYSE:ET) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $7.0 to $20.0 for Energy Transfer over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $17.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:46 pm

TFFP

TFF Pharmaceuticals, Inc. (NASDAQ:TFFP) has announced its intention to offer and sell shares of its common stock in an underwritten public offering. The size and amount of the offering have not been disclosed. The company also plans to grant the underwriters a 30-day option to purchase additional shares. The offering is subject to market conditions and the company intends to use the net proceeds for working capital and general corporate purposes. The Benchmark Company, LLC is acting as sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:44 pm

FE

Carl Icahn has reduced his stake in FirstEnergy from 18.97 million shares to 14.09 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:44 pm

TDOC

Elliott Investment Management has increased its stake in Teladoc from 14.5 million shares to 20 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:43 pm

HRI

Billionaire investor Carl Icahn has sold his stake in Herc Holdings, a Florida-based equipment rental company.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:43 pm

LNG

Billionaire investor Carl Icahn has sold his stake in Cheniere Energy, a Houston-based energy company primarily engaged in LNG-related businesses.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:42 pm

PYPL

Elliott Investment Management has dissolved its share stake in PayPal Holdings Inc, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:40 pm