Streetbeat News

Equity Actions

RUSHA

Rush Enterprises has announced a three-for-two stock split for both its Class A and Class B common stock.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

BANC

PACW

PacWest Bancorp's stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock they own.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:09 pm

LLY

A whale investor has taken a bullish stance on Eli Lilly (NYSE:LLY), with 62% of investors opening trades with bullish expectations. The whale has been targeting a price range from $250.0 to $630.0 for Eli Lilly over the last 3 months. The current price of LLY is $457.37, down 0.42%. Analysts from Truist Securities, Jefferies, Morgan Stanley, and Cantor Fitzgerald have given their ratings and price targets for the stock.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:01 pm

V

A large investor has taken a bullish stance on Visa (NYSE:V), with 24 uncommon options trades spotted for the company. The sentiment of these trades is split evenly between bullish and bearish. The trades include 12 puts for a total of $695,918 and 12 calls for a total of $1,213,832. The targeted price range for Visa over the last 3 months has been $150.0 to $285.0. Barclays maintains an Overweight rating on Visa with a price target of $287, while Oppenheimer has downgraded its action to Outperform with a price target of $248.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 7:31 pm

BABA

A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bullish stance. The targeted price range for Alibaba over the last 3 months has been between $80.0 and $150.0. The current price of BABA is down -0.98% at $95.41. Baird and Bernstein have downgraded their ratings for Alibaba, while B of A Securities maintains a Buy rating.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:45 pm

BATS

BUD

IMBBY

MO

TAP

Zuanic & Associates' cannabis equity research report predicts four key developments in the sector for the next 18 months. The SAFE Banking bill is expected to pass in 2024, potentially leading to federal legalization of cannabis. The TSX is likely to see a wave of listings from multi-state operators, impacting Canadian MJ asset prices. Increased involvement of Consumer Packaged Goods companies in the sector is expected, with British American Tobacco, Imperial Brands, Molson Coors, Anheuser-Busch InBev, and Altria mentioned.

Portfolio Pulse from Nicolás Jose Rodriguez

July 25, 2023 | 6:22 pm

STKH

Steakholder Foods has announced a registered direct offering of 6 million shares at $1 per share, aiming to raise $6 million in capital.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:11 pm

ETHUSD

On Monday, 6,746.96 Ether (ETH) worth $12,546,447 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -8.65%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:00 pm

DB

Deutsche Bank AG (NYSE:DB) has announced a share repurchase program of up to €450 million, set to start in August and complete by the end of 2023. The decision is subject to receiving all necessary supervisory approvals.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:46 pm

WRNT

Warrantee ADS has opened for trade with its IPO priced at $4 per ADS on 2.4 million ADS.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:41 pm