Streetbeat News

Equity Actions

ABNB

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 14 uncommon options trades spotted, split between 14% bullish and 85% bearish. Whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -4.12% at $137.3. Barclays, Keybanc, Mizuho, B of A Securities have maintained their ratings on Airbnb, while Needham downgraded its action to Buy with a price target of $160.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:15 pm

DELL

Unusual options activity has been observed for Dell Technologies (NYSE:DELL), with a large bullish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $45.0 to $67.5 for Dell Technologies over the last 3 months. The price of DELL is up 5.77% at $57.72. Goldman Sachs has maintained their Buy rating on Dell Technologies, with a price target of $55 and $61.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:15 pm

EWG

TSM

VGK

Germany's Chancellor Scholz has announced that Germany is likely to become the major location for semiconductor production in Europe, following an investment from TSMC.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:03 pm

VTRO

Vitro Biopharma, Inc (NASDAQ:VTRO) is set to start trading on the NASDAQ exchange under the ticker VTRO on August 09. The company is offering shares at an expected price between $5.00 and $6.00 per share with an insider lock-up period of 180 days ending on February 05, 2024.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:00 pm

FTEL

Fitell Corp's IPO is indicating $3.90 on 88K shares, which is lower than the IPO price of $5 on 3M shares.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:43 pm

FTEL

Fitell Corp's initial public offering (IPO) is indicating a price of $4 per share on 72K shares, which is lower than the IPO price of $5 per share on 3M shares.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:41 pm

HBI

Activist investor Barington Capital has acquired an undisclosed stake in Hanesbrands Inc. (NYSE:HBI) and is urging the company to make significant changes to its board and enact strategies to reverse the decline in its stock value. Barington is pressing Hanesbrands to appoint new board members with expertise in apparel and manufacturing and is considering the possibility of a new CEO. The firm is also urging Hanesbrands to reduce costs by at least $300 million annually and decrease its inventory levels.

Portfolio Pulse from Michael Cohen

August 08, 2023 | 2:39 pm

FTEL

Fitell Corporation (NASDAQ:FTEL), an online retailer of gym and fitness equipment in Australia, has announced the pricing of its initial public offering (IPO) of 3 million shares at $5 per share, expecting to raise $15 million. The shares will start trading on Nasdaq on August 8, 2023. The proceeds will be used for business expansion, development of smart connected equipment, interactive platform, mobile application, potential mergers and acquisitions, and other corporate purposes.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:31 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) announced a 1-for-9 reverse stock split and a stock buyback program for the repurchase of up to $25 million in shares. The company's CEO, David Michery, stated that the stock buyback program reflects confidence in their business. MULN shares are moving on above-average trading volume, with more than 120 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

August 08, 2023 | 2:24 pm

TWTR

Former Fox News host Tucker Carlson is reportedly in talks with Rebekah Mercer and Peter Thiel, two prominent GOP business megadonors, about potential investments in his new media company. The company, which is yet to be named, is looking to raise hundreds of millions of dollars. Mercer is an executive officer at investment firm 1789 Capital, which is planning an eight-figure investment into Carlson's venture. Thiel has also hinted at a possible investment. The new media venture will create full-length versions of Carlson’s episodes on X, the platform formerly known as Twitter, built around a subscription model for revenue.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:18 pm