Streetbeat News

Equity Actions

CYBN

Psychedelics biotech Cybin Inc. (NYSE:CYBN) has closed its overnight marketed public offering with an aggregate of 24,264,706 units issued at a price of $0.34 each, for total aggregate gross proceeds of $8,250,000. Each unit equates to one common share and one common share purchase warrant. The company intends to use the net proceeds for corporate and working capital, and mainly to progress CYB003 and CYB004’s pathways forward, which are clinical programs using novel psilocybin and DMT deuterated analogs to target the treatment of Major Depressive Disorder (MDD) and anxiety disorder.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:19 pm

SPOT

A whale investor has taken a bullish stance on Spotify Technology (NYSE:SPOT), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whale has been targeting a price range from $60.0 to $195.0 for Spotify over the last 3 months. The price of SPOT is currently down -0.91% at $144.1. Morgan Stanley and Wells Fargo have downgraded their action to Overweight with a price target of $185 and $250 respectively, while Rosenblatt and Benchmark maintain their Neutral and Buy ratings with a price target of $150 and $205 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:31 pm

MAN

ManpowerGroup (NYSE:MAN) has announced a new share repurchase program, authorizing the repurchase of up to 5 million shares of its common stock. This is in addition to the share repurchase program authorized in August 2021, with approximately 0.9 million shares still available for repurchase.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:16 pm

CPRT

Copart, Inc. (NASDAQ:CPRT) has announced a two-for-one split of its common stock, which will increase the number of shares outstanding from approximately 480.0 million to 960.0 million. The additional shares will be distributed after trading on August 21, 2023, to stockholders of record on August 14, 2023. Adjustments will be made to shares under Copart's equity incentive plans and the number of shares authorized for repurchase under its share repurchase program.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:14 pm

RDHL

Redhill Biopharma Ltd has filed for a stock shelf of up to about 2 million American Depositary Shares (ADS) by selling shareholders, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:13 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has promoted Lisa Gainsborg, the current Financial Controller, to Interim Chief Financial Officer, effective immediately. She replaces Raymond Silcock who has resigned for personal reasons. Gainsborg has significant experience in accounting and finance across both public and private companies.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:08 pm

NOVV

Nova Vision Acquisition Corp. (NOVV) has announced that its sponsor, Nova Pulsar Holdings Limited, has deposited $69,763.37 into the company's trust account. This is to extend the period for the company to complete a business combination from August 10, 2023 to September 10, 2023. The company issued a promissory note to the sponsor, which is convertible into the company's units at a price of $10.00 per unit at the closing of a business combination.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:02 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) has announced its intention to offer and sell shares of its common stock in a public offering. The proceeds from the offering will be used for working capital and general corporate purposes. The completion of the offering is subject to market and other conditions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:02 pm

MAR

A significant investor has taken a bullish stance on Marriott Intl (NASDAQ:MAR), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whales have been targeting a price range from $150.0 to $210.0 for Marriott Intl over the last 3 months. The price of MAR is up 1.07% at $203.0. BMO Capital, Wells Fargo, Barclays, Truist Securities, and Argus Research have maintained their ratings on Marriott Intl, with price targets ranging from $189 to $232.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:01 pm

LMT

A significant bullish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 69% bullish and 30% bearish. The price target for Lockheed Martin over the last 3 months has been between $300.0 to $550.0. The current price of LMT is $447.16. Analysts from Wells Fargo, RBC Capital, Susquehanna, Morgan Stanley, and Citigroup have given their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 7:46 pm