Streetbeat News

Equity Actions

ABVC

ABVC BioPharma has announced a 1-for-10 reverse stock split, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:15 am

TSM

Taiwan Semiconductor Manufacturing Co. (TSM) plans to invest $2.9 billion in an advanced chip packaging plant in Taiwan, according to CNBC.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 7:45 am

TSLA

Tesla Inc is set to resume talks with the Indian government to establish a factory in the country to manufacture low-cost EVs, including a new $24,000 car. The proposed EV model would be 25% cheaper than Tesla’s current lowest-priced offering, the Model 3 sedan in China. This move is part of Tesla's effort to diversify beyond China and tap into the growing demand for electric vehicles in India.

Portfolio Pulse from Arpit Nayak

July 25, 2023 | 5:40 am

VLRS

Controladora Vuela has updated its FY23 guidance, expecting an operating revenue of $3.2B-$3.4B, which is in line with the consensus of $3.32B. The company also anticipates an ASM growth of approximately 13%, and an EBITDAR margin of 29% to 31%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:28 am

BLK

BTCUSD

Investment research firm Fundstrat predicts that the potential launch of a Bitcoin ETF from BlackRock could drive Bitcoin's price to $180,000 before the scheduled halving in April 2024. The firm sees a 75% probability of a spot Bitcoin ETF being approved in the near term, which could attract new investors and generate increased demand for Bitcoin. Fundstrat also believes that Bitcoin ETFs could eventually surpass the precious metals ETF market, which currently holds nearly $230 billion in assets.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 3:27 am

ACCD

BYDDY

CCJ

EXAS

MRNA

SDGR

Ark Invest, led by Cathie Wood, sold 64,800 shares of BYD CO LTD through its ARK Autonomous Technology & Robotics ETF (ARKQ) and bought 61,741 shares of Moderna Inc through its ARK Genomic Revolution ETF (ARKG). Other trades included buying shares of Accolade Inc and Cameco Corp, and selling shares of Exact Sciences Corp and Schrodinger Inc.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 3:04 am

SQ

TWTR

Twitter has been rebranded to X by its owner Elon Musk, replacing the iconic bird logo. Jack Dorsey, co-founder of Twitter and CEO of Block Inc, stated that the rebranded platform's utility would be its ultimate measure, not its name. The original Twitter logo was purchased from iStock.com for $15 and named 'Larry' after basketball player Larry Bird. The final bird logo was designed by Martin Grasser, Todd Waterbury, and Angy Che.

Portfolio Pulse from Shivdeep Dhaliwal

July 25, 2023 | 12:37 am

NIO

CYVN Investments RSC Ltd has disclosed a 7.7% stake in NIO Inc. as of July 12, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 11:11 pm

APO

Apollo Funds is set to make a strategic equity investment in PetSmart. The terms of the deal have not been disclosed. BC Partners, GIC, and the PetSmart management team will remain the majority shareholders and retain control of the board.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:01 pm

COIN

HOOD

Sam Bankman-Fried, the ex-crypto billionaire and founder of FTX trading platform, is under house arrest following allegations of massive fraud. Before his legal issues, he was a prominent investor in various cryptocurrency and fintech projects, including Worldcoin, a project launched by OpenAI CEO Sam Altman. Bankman-Fried's investments in 2022 included Voyager Digital, BlockFi, and a 7.6% stake in Robinhood Markets Inc (NASDAQ:HOOD).

Portfolio Pulse from AJ Fabino

July 24, 2023 | 9:40 pm