Streetbeat News

Equity Actions

INPX

Streeterville Capital LLC has acquired a 9.99% stake in Inpixon, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 5:28 pm

URI

United Rentals (NYSE:URI) has seen unusual options activity, with 70% of investors taking a bearish stance. Whales have been targeting a price range from $290.0 to $500.0 for United Rentals over the last 3 months. The price of URI is up 0.33% at $451.68. UBS, Keybanc, Goldman Sachs, and Citigroup have maintained their Buy or Overweight ratings on United Rentals, with price targets ranging from $500 to $527.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 5:16 pm

SNAP

A significant number of Snap Inc.'s $16 call options expiring on Friday were purchased near the ask price. The volume of these options was 1315, compared to an open interest of 5369. The reference price was $12.46.

Portfolio Pulse from Charles Gross

July 25, 2023 | 5:14 pm

BNTC

Benitec Biopharma Inc. (NASDAQ:BNTC) has announced a 1-for-17 reverse stock split of its common stock, effective July 26, 2023. The move is primarily intended to bring the company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. The reverse stock split will not change the par value of the common stock nor the authorized number of shares of common stock.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 5:04 pm

ENPH

Enphase Energy (ENPH) has seen a significant option alert for August 11 $240 calls. The sweep was for 833 contracts at $1.09, significantly above the open interest of 27 contracts. The reference price was $180.51.

Portfolio Pulse from Charles Gross

July 25, 2023 | 5:03 pm

SOUN

SoundHound AI has filed for a mixed shelf of up to $400 million, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:00 pm

AURC

Aurora Acquisition Corp. (NASDAQ:AURC) shares are experiencing high volatility and heavy trading volume, with over 5 million shares traded compared to the 100-day average of 1,250 shares. The stock has been halted multiple times and is trending among retail investors on StockTwits. The company is a SPAC focused on the media and technology sectors. The shares are trading more than 169% higher at $34.30.

Portfolio Pulse from Erica Kollmann

July 25, 2023 | 4:52 pm

AMC

AMC Entertainment's proposed plan to convert preferred shares to common units and implement a stock split has been rejected by a court. This has led to volatility in the company's stock, causing it to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:48 pm

ARKK

MSFT

NVDA

QQQ

The Nasdaq 100 Index, tracked by the Invesco QQQ Trust Series 1, recently underwent a special rebalancing due to several holdings seeing their weightings soar in 2023. Ark Funds portfolio manager Dan White discussed the impact of the rebalancing on smaller technology companies, stating that it could make some smaller cap stocks stand out. He also mentioned that Nvidia and Microsoft are being trimmed in the Nasdaq. The Ark Innovation ETF is up 56.4% year-to-date, outpacing the Nasdaq 100 ETF, which is up 42.9% over the same time period.

Portfolio Pulse from Chris Katje

July 25, 2023 | 4:44 pm

EL

TGT

Stephanie Link, a regular CNBC contributor, announced live on the network that she has sold her shares in The Estee Lauder Companies (EL) and bought shares in Target Corporation (TGT).

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 4:44 pm