Streetbeat News

Equity Actions

STNE

UBS analyst Mariana Taddeo has upgraded StoneCo (NASDAQ:STNE) from Neutral to Buy and raised the price target from $14 to $18.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:15 pm

RVYL

RYVYL Inc. (NASDAQ:RVYL) has completed the first of two exchange transactions under an Exchange Agreement, reducing its debt and increasing shareholder equity and cash flow. The company issued 6,000 shares of Series A Convertible Preferred Stock to an existing noteholder in exchange for $4,297,000 of the outstanding principal balance of the Note and $1,703,000 of accrued interest. The remaining $16,703,000 in principal is to be exchanged for 9,000 shares of Series A Convertible Preferred Stock at an additional closing, subject to certain conditions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:12 pm

TW

Tradeweb Markets Inc. (NASDAQ:TW) reported a total trading volume of $25.6 trillion and an average daily volume (ADV) of $1.27 trillion for July 2023, marking a 16.3% YoY increase. The company saw growth in U.S. government bond ADV, European government bond ADV, fully electronic U.S. credit ADV, European credit ADV, U.S. ETF ADV, and repurchase agreement ADV. However, it experienced a decline in mortgage ADV, municipal bonds ADV, credit derivatives ADV, and European ETF ADV.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:07 pm

DQ

Daqo New Energy Corp. (NYSE:DQ) announced leadership changes with Chairman and Founder, Mr. Guangfu Xu, and CEO, Mr. Longgen Zhang, stepping down from their positions. Mr. Xiang Xu has been appointed as the new Chairman of the Board and CEO. The changes are effective immediately.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:06 pm

NBSE

Neubase Therapeutics has decided to stop further development of its programs and is planning to conduct a comprehensive exploration of strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:59 pm

COP

ConocoPhillips has raised its FY23 production guidance to 1.80 - 1.81 MMBOED, up from the previous 1.78 - 1.80 MMBOED. The company also updated its 2023 adjusted operating cost guidance to $8.3 billion, up from $8.2 billion, and its depreciation, depletion, and amortization guidance to $8.2 billion, up from $8.1 billion. The guidance for adjusted corporate segment net loss has been lowered to $0.8 billion from $0.9 billion, and the capital guidance range has been narrowed to $10.8 to $11.2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm

DIN

Dine Brands has revised its new domestic development activity target for Applebee's franchisees to 25-35 net fewer restaurants, compared to the previous target of 10-20 net fewer restaurants.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:57 pm

NS

NuStar Energy has provided an update on its full-year guidance for 2023, expecting to generate net income in the range of $252M to $290M and adjusted EBITDA in the range of $700M to $760M. The company also plans to spend $125M to $145M in strategic capital and $25M to $35M on reliability. Lower spending is forecasted for the Permian System, while expansion of the West Coast Renewable Fuels Network continues.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

BLDR

Barclays analyst Matthew Bouley maintains an Overweight rating on Builders FirstSource (NYSE:BLDR) and raises the price target from $166 to $200.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:52 pm

BDX

Becton, Dickinson has raised its FY2023 sales guidance from $19.20B-$19.30B to $19.30B, reflecting increased base business earnings offset by the Surgical Implementation platform divestiture and foreign currency headwinds. The company's FY2023 adjusted EPS guidance of $12.10 to $12.32 remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:50 pm