Streetbeat News

Equity Actions

VNO

Vornado Realty Trust's shares are trading higher due to rumors of a large activist investor potentially getting involved in the company.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:20 pm

ORCL

Investor Business Daily SwingTrader has reportedly purchased Oracle (ORCL) stock.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:20 pm

STRT

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) has completed an Equity Restructuring Agreement with WITTE Automotive GmbH, selling its one-third interest in the VAST LLC joint venture for a net purchase price of $18.5 million. In return, STRATTEC received WITTE's 20% minority interest in STRATTEC Power Access LLC and the net assets of VAST LLC's Korea branch office. The restructuring will allow STRATTEC to focus on strategic growth opportunities in North America and globally.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:13 pm

VTMX

Vesta Real Estate Corp. has priced its initial public offering (IPO) at $31 per American Depositary Share (ADS), with indications at $31.5-$32 per ADS. The company is offering 12.5 million ADS's in the IPO.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:58 pm

NOW

Investor Business Daily SwingTrader has reportedly purchased stock in ServiceNow (NOW).

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:53 pm

NVDA

A significant number of investors have taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 54% of investors opening trades with bullish expectations and 45% with bearish. Whales have been targeting a price range from $280.0 to $430.0 for NVIDIA over the last 3 months. The price of NVDA is up 2.0% at $416.38. Analysts have mixed opinions, with Mizuho and Rosenblatt downgrading their actions to Buy with price targets of $400 and $600 respectively, while Morgan Stanley maintains an Overweight rating with a price target of $500 and Daiwa Capital upgrades its action to Outperform with a price target of $475.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 1:51 pm

AAPL

MSFT

SPY

Apple Inc. has become the first US company to reach a $3 trillion market cap, with its stock rising 1.3% to a new all-time high of $192. This has resulted in a $500 billion lead over its closest competitor, Microsoft Corp. Apple's stock has gained about 53% this year, marking its best-performing semester since January 2009. However, Apple's current forward P/E ratio of 30, significantly higher than its 10-year historical average of 18x, might trigger worries about the stock's current overvaluation.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 1:47 pm

VNO

Rumors are circulating that a large activist investor may be getting involved with Vornado Realty Trust (VNO). The activist could be seeking board representation and may call for the company to explore a private takeover or a takeover from Activist Insight.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:42 pm

ALV

Autoliv Inc (NYSE:ALV) has retired 475,292 shares of common stock that had been repurchased during the quarter, reducing the total number of issued shares to 90.24 million. The company currently holds 4.868 million shares of common stock in treasury. Autoliv also announced plans to continue with its repurchase program, authorizing the repurchase of up to $1.5 billion or up to 17 million common shares by the end of 2024.

Portfolio Pulse from Akanksha Bakshi

June 30, 2023 | 1:35 pm

DE

Deere & Co has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 1:33 pm