Streetbeat News

Equity Actions

DUO

Fangdd Network has announced an $8 million registered direct offering of 11,428,565 shares at a purchase price of $0.70 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:30 pm

AMZN

SPY

Amazon.com, Inc (NASDAQ:AMZN) stock is showing a possible bull flag pattern, suggesting a potential rise in the future. The stock was trading slightly lower on Monday, but this was on lower-than-average volume, indicating consolidation rather than a bearish trend. If the bull flag pattern is confirmed, the stock could rise by about 8.5%, potentially reaching $145. However, if the stock breaks down from the pattern, it could increase volatility in the stock market due to its heavy weighting within the SPDR S&P 500.

Portfolio Pulse from Melanie Schaffer

July 17, 2023 | 3:22 pm

BCAN

Cannasoft Enterprises announced the pricing of a $2.6 million underwritten public offering of 1,733,334 shares at $1.50 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:19 pm

RYAAY

Zacks SurpriseTrader has reportedly purchased shares in Ryanair Holdings (RYAAY).

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 3:15 pm

JZXN

Jiuzi Holdings Inc (NASDAQ:JZXN) shares have dropped over 50% following a securities purchase agreement with institutional investors to purchase $2.3 million worth of its ordinary shares in a registered direct offering. The purchase price per share is $1.65. The offering is expected to close on July 19, 2023.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 3:14 pm

CURLF

ITHUF

iAnthus Capital Holdings, Inc. has appointed Richard Proud as CEO and director. Proud was previously the executive vice president of revenue for Curaleaf, a multi-state cannabis operator. The appointment is effective immediately, concluding Robert Galvin's tenure as interim CEO. Galvin will continue as the company's interim COO. Proud's control of the company's Massachusetts subsidiaries is subject to the approval of the Massachusetts Cannabis Control Commission.

Portfolio Pulse from Vuk Zdinjak

July 17, 2023 | 3:11 pm

BABA

PDD

TME

China's Q2 2023 economic growth of 6.3% YoY missed the market's projected 7.3% rise, causing a negative impact on U.S.-listed Chinese equities and sectors linked to Chinese growth. Commodities like copper, gold, and silver fell, while Chinese ADRs Tencent Music Entertainment Group (TME) and PDD Holdings (PDD) declined by 5% and 3% respectively. Alibaba Group Holding Ltd. (BABA) and JD.com, Inc. (JD) limited their losses to 1.6% and 0.8% respectively. European luxury stocks and materials and mining sector stocks also experienced declines.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 3:09 pm

AAPL

AMD

AMZN

GOOGL

MARA

SPY

TSLA

The article discusses the performance of various stocks and the S&P futures in the past week. It mentions that the S&P futures broke above a weekly bearish imbalance from April 2022. The author expects more explosive price action due to the FOMC meeting this week. The article also discusses the performance of SPY, AAPL, TSLA, GOOGL, AMD, MARA, and AMZN, expecting some to experience a pullback and others to potentially rise.

Portfolio Pulse from Mando Trading

July 17, 2023 | 2:59 pm

LEV

The Lion Electric Co (NYSE:LEV) shares are trading higher after the company announced it has entered into subscription agreements with investors, resulting in aggregate gross proceeds of approximately $142 million. The financing is expected to close on July 19 and will be used to fund working capital, strengthen its financial position and pursue its growth strategy.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 2:58 pm

SPY

VGK

UN Secretary General Guterres has stated that the UN will continue to facilitate unimpeded access to global markets for food and fertilizers from Ukraine and Russia.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:43 pm