Streetbeat News

Equity Actions

OTLY

Oatly Group AB has appointed Marie-Jose David as its new Chief Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:33 am

EVLO

Evelo Biosciences has announced a private placement of $25.5 million. The funds raised will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:30 am

FSR

Fisker Inc. (NYSE:FSR) has announced its intention to offer $340M in aggregate principal amount of 0% senior unsecured convertible notes due 2025 to an institutional investor, with the potential to increase the amount to $680M. The proceeds will be used for general corporate purposes, including working capital, an additional battery pack line, sales and marketing, capital expenditures, and the development of future products.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 10:32 am

SCHW

JMP Securities analyst Devin Ryan has upgraded Charles Schwab (NYSE:SCHW) from Market Perform to Market Outperform and announced a $73 price target.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 9:04 am

AZZ

HELE

PSMT

TIVC

WDFC

Helen of Troy Limited, AZZ Inc., PriceSmart, Inc., Tivic Health Systems, Inc., and WD-40 Company are the stocks to watch heading into Monday. Helen of Troy and PriceSmart are expected to post earnings, while AZZ reported downbeat earnings for its first quarter. Tivic Health reported a proposed public offering of common stock, and WD-40 is expected to report earnings after the closing bell.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 8:23 am

EWQ

TSLA

VGK

French Finance Minister Bruno Le Maire expressed optimism that Tesla CEO Elon Musk will choose France for a significant investment related to the production of electric vehicles.

Portfolio Pulse from Charles Gross

July 09, 2023 | 1:10 pm

HLCO

PLSH

Panacea Life Sciences Holdings (OTCQB:PLSH) is expanding its Health and Wellness division with new products and potential acquisitions. The Healing Company (OTCQB:HLCO) has uplisted from the OTC Pink Market to the OTCQB Venture Market and secured up to $7 million in new investment. The company aims to build a community of healing brands through acquisitions in the wellness, supplement and nutraceutical spaces. The new funding and successful uplisting brings hope to a potential NASDAQ listing within the next 12 months.

Portfolio Pulse from Lara Goldstein

July 08, 2023 | 7:14 pm

BTCUSD

ETHUSD

SOLUSD

Former NFL star Tom Brady and supermodel Gisele Bündchen reportedly lost millions of dollars due to their association with the now-defunct cryptocurrency exchange FTX. Brady was paid $30 million and Bündchen received $18 million, both almost entirely in FTX stock. The couple was also given Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) to trade on FTX, which disappeared following the exchange's bankruptcy. Customers have sought compensation from Brady and Bündchen, who are also required to pay taxes on their now worthless FTX stock.

Portfolio Pulse from Shanthi Rexaline

July 08, 2023 | 6:28 pm

ARKF

ARKK

ARKW

COIN

GBTC

Ark Invest CEO Cathie Wood predicts a significant upside for Bitcoin, with price targets eventually raised to $1 million by 2030. Despite the bankruptcy and collapse of several major cryptocurrency companies, Wood remains optimistic about the future of digital assets. Ark Funds have increased their holdings in many of their ETFs, including ARKK, ARKW, and ARKF, to coincide with this thesis. Coinbase Global (NASDAQ:COIN) is among the top ten holdings in these ETFs. The Grayscale Bitcoin Trust (OTC:GBTC) is also the second largest holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

July 08, 2023 | 3:34 pm