Streetbeat News

Equity Actions

ASTS

CGTX

KLR

NERV

SONN

TOVX

US stocks traded mixed with the Nasdaq Composite gaining over 80 points. U.S. crude oil inventories dropped by 9.603 million barrels, more than the market estimates of a 1.757 million decline. Kaleyra, Inc. (KLR), Minerva Neurosciences, Inc. (NERV), and Theriva Biologics, Inc. (TOVX) saw their shares rise after various positive announcements. Meanwhile, AST SpaceMobile, Inc. (ASTS), Sonnet BioTherapeutics Holdings, Inc. (SONN), and Cognition Therapeutics, Inc. (CGTX) saw their shares drop due to various negative announcements.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 4:22 pm

U

Zacks Tech Innovators Newsletter has reportedly purchased stock in Unity Software.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 4:20 pm

ALLR

Allarity Therapeutics, Inc. (NASDAQ:ALLR) has announced a 1-for-40 reverse stock split of its common stock, effective from June 28, 2023. The move is intended to increase the company's per share trading price and bring it into compliance with Nasdaq's listing requirement regarding minimum share price. The reverse stock split will reduce the number of shares of Allarity's common stock outstanding from 20,142,633 shares to approximately 503,565 shares.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:57 pm

TIGO

Millicom International Cellular SA has updated its financial targets, predicting lower than previously expected cumulative equity free cash flow for the next three years up to and including 2024.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:14 pm

GENK

GEN Restaurant Group's initial public offering (IPO) is indicating a price of $17 per share, which is significantly higher than its IPO price of $12 per share.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:05 pm

GENK

GEN Restaurant Group's initial public offering (IPO) is indicating a price of $15 per share on 32K shares, which is higher than its IPO price of $12 per share.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:02 pm

FIHL

Fidelis Insurance Holdings Limited (NYSE:FIHL) is set to IPO on June 29, with shares expected to be priced between $16.00 and $19.00. The company has an insider lock-up period of 180 days ending on December 26, 2023. Fidelis is a global (re)insurance company with operations in Bermuda, Ireland, and the United Kingdom.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

KGS

Kodiak Gas Services, Inc (NYSE:KGS) is set to IPO on June 29, with shares expected to be priced between $19.00 and $22.00. The company operates contract compression infrastructure in the U.S., which is critical for the production of natural gas and oil.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

SVV

S-Evergreen Holding LLC (NYSE:SVV) is set to IPO on June 29 on the NYSE exchange under the ticker SVV. The company is offering shares at an expected price between $15.00 and $17.00 per share with an insider lock-up period of 180 days ending on December 26, 2023. S-Evergreen is the largest for-profit thrift operator in the United States and Canada.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:00 pm

AREB

AREBW

American Rebel Holdings (NASDAQ:AREB) (NASDAQ:AREBW) has entered into a securities purchase agreement to raise approximately $3.0 million through the private placement of 686,499 shares of common stock and warrants. The shares and warrants are being sold at a combined effective purchase price of $4.37. The company intends to use the proceeds for general working capital and administrative purposes. The closing of the private placement is expected to occur on June 30, 2023. Following the announcement, AREB shares dropped by 34.3%.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 2:59 pm