Streetbeat News

Equity Actions

MDRR

Medalist Diversified REIT (MDRR) board has approved the negotiation of sale of its interests in four properties from its portfolio. The company is also exploring opportunities that might include mergers, investments, or other strategic combinations. The board has also approved the temporary suspension of dividends.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 9:02 pm

DIS

The board of Walt Disney has extended the contract of CEO Robert A. Iger through 2026. This decision may have implications for the company's future strategy and performance.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 9:00 pm

NextDecade Corporation has announced a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at its Rio Grande LNG export facility. This decision indicates the company's confidence in the project's profitability and its commitment to move forward with construction.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:52 pm

FMIV

Forum Merger IV Corporation has announced the per-share redemption price of its shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:25 pm

AIQ

BOTZ

EQIX

EVO

HUM

IBKR

LPLA

OMCL

ROK

TDY

TECB

UNH

Bank of America has recommended three ETFs and 10 stocks to invest in due to the potential boom in artificial intelligence (AI). The ETFs are Global X Artificial Intelligence & Technology ETF (AIQ), Global X Robotics & Artificial Intelligence ETF (BOTZ), and iShares US Tech Breakthrough Multisector ETF (TECB). The stocks are UnitedHealth Group (UNH), Evotec SE (EVO), LPL Financial (LPLA), Deere & Co (DE), Interactive Brokers (IBKR), Humana Inc (HUM), Equinix Inc (EQIX), Teledyne Tech. Inc. (TDY), Rockwell Automation Inc (ROK), and Omnicell Inc. (OMCL).

Portfolio Pulse from Piero Cingari

July 12, 2023 | 8:18 pm

TRV

A whale investor has taken a bullish stance on Travelers Companies (NYSE:TRV), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $155.0 to $195.0 for Travelers Companies over the last 3 months. Piper Sandler maintains a Neutral rating on Travelers Companies with a price target of $176, while Morgan Stanley downgraded its action to Equal-Weight with a price target of $185.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 8:03 pm

BCYC

Bicycle Therapeutics has announced a proposed $200M public offering of American Depositary Shares and non-voting ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:01 pm

CEI

Camber Energy Inc's (CEI) shares are trading higher on abnormally high volume amid increased retail investor attention. The company's shares are down more than 94% over the last year and more than 40% in the last three months. Last month, NYSE American accepted the company's business plan to regain compliance with the exchange's continued listing requirements. The stock is seeing increased message volume across social media platforms. In December, the SEC brought charges against eight individuals in a $100 million securities fraud scheme in which they used Twitter to manipulate stock prices, including Camber Energy's.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 7:52 pm

UPS

A significant amount of unusual options activity has been detected for United Parcel Service (UPS), with a bearish stance being taken by a majority of investors. Of the 25 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $375,610 and for calls was $932,625. Whales have been targeting a price range from $100.0 to $210.0 for UPS over the last 3 months. Morgan Stanley has downgraded UPS to Underweight with a price target of $100.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:49 pm

COP

A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) with unusual options activity spotted. The sentiment among these big-money traders is split between 72% bullish and 27% bearish. The whales have been targeting a price range from $70.0 to $120.0 for ConocoPhillips over the last 3 months. The current price of COP is up 1.77% at $109.34. Citigroup, Wolfe Research, Piper Sandler, and Mizuho have maintained their positive ratings on ConocoPhillips with price targets ranging from $120 to $140.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:49 pm