Streetbeat News

Equity Actions

IMPP

Imperial Petroleum Inc's (NASDAQ:IMPP) shares fell by 34.7% after the company announced the pricing of approximately $17 million of its units in a registered direct offering at a price of $2 per unit. The company also reported Q2 earnings of $1.46 per share and $59.04 million in sales, a 420% increase over the same period last year.

Portfolio Pulse from Henry Khederian

August 11, 2023 | 2:31 pm

IMPP

Imperial Petroleum has announced the pricing of approximately $17 million of its units in a registered direct offering at a price of $2 per unit. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:15 pm

IDBA

IDEX Biometrics ASA (NASDAQ:IDBA) has voluntarily delisted its American Depositary Shares (ADSs) from The Nasdaq Capital Market. The company has also filed a Form 15 with the SEC to suspend its reporting obligations under the Securities Exchange Act of 1934. The deregistration of the ADSs under the Exchange Act is expected to become effective 90 days after the filing. The listing of IDEX Biometrics ordinary shares on the Euronext Oslo Børs remains unchanged.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:59 pm

AMRS

CANO

JYNT

TSAT

WE

YTEN

U.S. stocks traded lower following the release of PPI data, with the NASDAQ falling 0.84%. Producer prices in the U.S. increased 0.3% month-over-month in July, the biggest rise since January. Amyris, Inc. (AMRS) shares shot up 97% after filing for Chapter 11 bankruptcy. Telesat Corporation (TSAT) shares rose 48% after reporting Q2 results and a $2.1 billion deal with MDA. WeWork Inc. (WE) shares gained 43% despite doubts over its ability to stay in business. Yield10 Bioscience, Inc. (YTEN) shares dropped 58% after announcing a $3.7 million public offering. Cano Health, Inc. (CANO) shares were down 59% after reporting worse-than-expected Q2 results and expressing doubt over its ability to continue as a going concern. The Joint Corp. (JYNT) shares fell 26% after reporting Q2 operating highlights.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 1:48 pm

SWKS

Traders are circulating an Activist Insight report suggesting that an activist investor is considering Skyworks Solutions. Starboard is mentioned as a potential activist.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:47 pm

OCUP

Ocuphire Pharma Inc has entered into a common stock purchase agreement with Lincoln Park Capital Fund. The agreement allows Ocuphire to sell up to $50M of its common stock to Lincoln Park over a 30-month term.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:30 pm

BQ

Boqii has announced a change in its ADS ratio from 1 ADS representing 4.5 shares to 1 ADS representing 15 shares.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 1:26 pm

BTCUSD

ETHUSD

NVDA

SPY

TSLA

Analysts predict a flat stock market ahead. Cathie Wood continues to sell Nvidia and Tesla stocks. Crypto market shows resilience with Bitcoin predicted to reach $70k this year. Tech sector sees Google adopting Apple's call continuity feature. In EV, Tesla, Google Waymo, and GM Cruise are highlighted. Communication sector discusses Elon Musk's changes to Twitter and new features in WhatsApp. Uber's rival adopts in-app advertising for revenue boost.

Portfolio Pulse from Akanksha Bakshi

August 11, 2023 | 1:26 pm

BABA

DZ Bank analyst Manuel Muhl has upgraded Alibaba Gr Holding (NYSE:BABA) from Hold to Buy and announced a $120 price target.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 1:25 pm

YTEN

Yield10 Bioscience, Inc. (NASDAQ:YTEN) shares dropped by 58.4% after the company announced the pricing of a $3.7 million public offering. The company has priced the offering of 5.75 million units at $0.65 per unit, with each unit including one common stock share and one warrant for another share. The offering is expected to close around August 15.

Portfolio Pulse from Henry Khederian

August 11, 2023 | 1:23 pm