Streetbeat News

Equity Actions

GPOR

Gulfport Energy Corporation (GPOR) has announced a public offering of 1.3 million shares of its common stock by certain stockholders. The company plans to purchase $25 million of shares from the selling stockholders, as part of its existing $400 million share repurchase program.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 8:03 pm

TRSSF

TerrAscend Corp. has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX). The company will voluntarily delist its shares from the Canadian Securities Exchange (CSE) upon final approval.

Portfolio Pulse from Maureen Meehan

June 21, 2023 | 7:57 pm

MEDS

TRxADE HEALTH announced a 1-for-15 reverse stock split, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:23 pm

LEN

Blu Putnam, chief economist at CME Group, shared his insights on inflation and market reactions, expressing optimism about curbing inflation. He noted that companies have been maintaining profit margins better than expected, positively impacting equity prices. Homebuilders like Lennar Corporation (NYSE:LEN) are benefiting from a lack of used housing supply.

Portfolio Pulse from Josh Walter

June 21, 2023 | 7:13 pm

OSG

Overseas Shipholding Group (OSG) announced a $10 million increase in its share repurchase program, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 6:44 pm

ACGL

Arch Capital Group's (ACGL) share price increased by 1.07% to $71.55 in the current market session. The stock has a lower P/E ratio than the aggregate P/E of the insurance industry, which could indicate undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 5:45 pm

NFLX

Netflix shares are trading lower by 2.44% to $424.08 as stocks across sectors pull back after a recent surge on AI optimism. The decline is also attributed to Fed Chair Powell's rate hike comments, which may lead investors to seek safer investment options, affecting high-growth stocks like Netflix.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 5:36 pm

OSG

Overseas Shipholding Group (OSG) announced a $10 million increase in its stock repurchase program, raising the total value to $20 million. The company may repurchase shares in open market transactions or privately negotiated transactions, with no time limit on the program.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:24 pm

MEDS

TRxADE Health, Inc. (NASDAQ:MEDS) has announced a 1-for-15 reverse stock split, effective June 22, 2023. The company's outstanding shares will be reduced from 10,210,878 to 680,726, with the aim of increasing the marketability of its stock to a broader range of potential investors.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:37 pm

BLK

BTCUSD

DOGEUSD

Major cryptocurrencies like Bitcoin, Ether, and Dogecoin are trading at a monthly high, with Bitcoin breaking $26,500 for the first time in over a month. BlackRock submitted an application for a Bitcoin ETF in the U.S., and EDX Markets, backed by Charles Schwab, Citadel Securities, and Fidelity Digital Assets, launched its trading services. Experts attribute the rise to institutional interest and economic forecasts.

Portfolio Pulse from Murtuza Merchant

June 21, 2023 | 4:25 pm