Streetbeat News

Equity Actions

MDVL

MedAvail Holdings, Inc. (NASDAQ:MDVL) has announced a 1-for-50 reverse stock split of its outstanding shares of common stock, effective from July 31, 2023. The move is part of the company's plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The reverse stock split will reduce the number of the company's outstanding common stock from approximately 81 million shares to approximately 1.6 million shares.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:31 pm

DASH

A significant bearish stance has been taken on DoorDash (NYSE:DASH) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $80.0 to $120.0 for DoorDash over the last 3 months. Jefferies has maintained their Underperform rating on DoorDash with a price target of $65, while JMP Securities downgraded its action to Market Outperform with a price target of $100.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:30 pm

LI

A significant investor has taken a bearish stance on Li Auto (NASDAQ:LI), with 54% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $35.0 to $55.0 for Li Auto over the last 3 months. The price of LI is currently down -0.51% at $42.5. RSI indicators suggest that the stock may be overbought. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:30 pm

MRNA

Steve Weiss, a frequent guest on CNBC, announced that he has sold his shares in Moderna (MRNA).

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:29 pm

ONCY

Oncolytis Biotech has entered into an agreement with Leede Jones Gable to purchase 6.667 million units for gross proceeds of $15 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:27 pm

ACAX

ACHR

GDRX

SILC

UFAB

YELL

U.S. stocks traded slightly higher with the Nasdaq Composite gaining around 20 points. Energy shares climbed by 2.1% while health care shares fell by 1%. Yellow Corporation (YELL) shares shot up 88% after terminating its operations. GoodRx Holdings (GDRX) shares rose 36% after an upgrade from TD Cowen. Archer Aviation (ACHR) shares gained 34% after entering into contracts with the US Air Force. Unique Fabricating (UFAB), Alset Capital Acquisition Corp. (ACAX), and Silicom Ltd. (SILC) shares dropped.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:25 pm

TAOP

Taoping Inc. has announced a 1-for-10 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:10 pm

TAOP

Taoping Inc. (NASDAQ:TAOP) has announced a one-for-ten reverse stock split of its ordinary shares, effective from August 1, 2023. The move is intended to increase the per share trading price to meet the $1.00 minimum bid price requirement for continued listing on the NASDAQ Stock Market. Post-split, the company will have approximately 1.86 million ordinary shares issued and outstanding.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:09 pm

NVDA

Bernstein is optimistic about Nvidia's potential to exceed its own financial forecasts due to increased spending on artificial intelligence by major cloud-computing vendors. The demand for Nvidia's chips, which dominate the AI market, is reportedly 'off the charts.'

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:08 pm

SNMP

Evolve Transition Infrastructure LP's common units resumed trading, then were halted again due to a circuit breaker on the downside. The units are now up by 151.9%.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:56 pm