Streetbeat News

Equity Actions

SNOW

A significant number of investors have taken a bearish stance on Snowflake (NYSE:SNOW), with 58% of detected trades being bearish. The price target for Snowflake over the last 3 months has been between $160.0 to $260.0. The current price of SNOW is down -5.28% at $167.26. Several experts have upgraded their ratings on Snowflake, with price targets ranging from $173 to $220.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:36 am

CVX

A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. Over the last three months, the price target for Chevron has been between $110.0 and $175.0. The price of CVX is currently down by 2.17% at $158.77. Several financial institutions have maintained their ratings on Chevron, with price targets ranging from $165 to $202.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:36 am

AGFAF

Agra Ventures Ltd. (OTCPK:AGFAF) (CSE:AGRA) is consolidating its issued and outstanding share capital, changing its name to “Digicann Ventures Inc.” and changing its stock ticker symbol on the Canadian Securities Exchange to “DCNN”. The consolidation will be on the basis of every 25 old common shares into one new common share, effective from August 8, 2023. The company's new name and symbol will also take effect on this date.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 11:27 am

CAT

A significant number of investors have taken a bearish stance on Caterpillar (NYSE:CAT), with 75% of recent trades reflecting this sentiment. Whales have been targeting a price range from $280.0 to $310.0 for Caterpillar over the last 3 months. The current price of CAT is $290.94, up 0.79%. Analysts from Citigroup, Wells Fargo, B of A Securities, Credit Suisse, and Goldman Sachs have maintained their ratings on Caterpillar, with price targets ranging from $270 to $334.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:26 am

APVO

Aptevo Therapeutics Inc (NASDAQ:APVO) has priced its $5 million public offering of 8,064,517 shares at 62 cents per share. The offering, which includes Series A and Series B Warrants for the same number of shares, is expected to close on August 4. The proceeds will be used for working capital purposes.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 11:26 am

AMD

Susquehanna analyst Christopher Rolland maintains a positive outlook on Advanced Micro Devices (AMD) and has raised the price target from $135 to $145.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 11:23 am

GS

Goldman Sachs Gr Inc.'s stock price has dropped by 0.86% in the current market session, but has increased by 10.81% over the past month and 6.83% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Capital Markets industry, indicating that the stock might be undervalued. However, the P/E ratio should be used with caution as it can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:23 am

WHR

Rumors are circulating that an activist investor, possibly Elliott, is considering a stake in Whirlpool Corporation (WHR).

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:21 am

LSBK

Lake Shore Bancorp has announced the appointment of Taylor Gilden as Chief Financial Officer and Rachel Foley as Chief Operating Officer.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

AHI

Advanced Health Intelligence Ltd (AHI) has signed an exclusive, perpetual license agreement with Shanghai-based Changlin Network Technology Ltd. The deal includes an upfront payment of $10 million to AHI, an annual license fee of $5 million, and a 25% revenue share of gross sales. AHI will initially hold a 50% stake in Changlin, which is expected to reduce to 25% but not less than 20% at Changlin's IPO, targeted for 2024. The agreement allows Changlin to commercialize AHI's digital healthcare solutions in China.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am