Streetbeat News

Equity Actions

AMC

APLD

APPH

KOD

TUP

XXII

US stocks traded higher with the S&P 500 gaining around 0.5%. Energy shares climbed by 2% while health care shares fell by 0.2%. Tupperware Brands Corporation (TUP), AMC Entertainment Holdings (AMC), and Applied Digital Corporation (APLD) saw significant gains. AppHarvest (APPH), Kodiak Sciences Inc. (KOD), and 22nd Century Group (XXII) experienced significant losses. The S&P Global composite PMI fell to 52.0 in July from 53.2 the prior month.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 4:43 pm

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) has announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's listing rules. The reverse stock split will be effective as of July 25, 2023. The company's board of directors approved the reverse stock split ratio of 10 to 1, aiming to decrease the total number of shares of common stock outstanding and increase the market price of the common stock. The company's common stock will continue trading under the ticker symbol 'ABVC'.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 4:30 pm

GS

Steve Weiss, a regular CNBC contributor, announced live on the network that he has purchased more shares of The Goldman Sachs Group.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 4:24 pm

BMRC

Bank Of Marin Bancorp (NASDAQ:BMRC) reported Q2 revenues of $26.87 million, beating the consensus of $26.30 million, but missed EPS estimates with $0.28 against the expected $0.43. The company also recorded a $500 thousand provision for credit losses on loans for Q2, up from $350 thousand in Q1. The Board of Directors declared a cash dividend of $0.25 per share and approved a new share repurchase program for up to $25 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 4:08 pm

BABA

NFLX

Steve Weiss, a frequent CNBC contributor, announced live on the network that he has purchased more shares of Alibaba Group (BABA) and Netflix (NFLX).

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 4:07 pm

HRTX

Heron Therapeutics Inc (NASDAQ:HRTX) has announced a cost reduction plan and a corporate restructuring, expected to result in approximately $75 million in cash savings through 2025. The company also announced a private placement of 20.7 million shares at $1.37 per share, with gross proceeds of approximately $30.0 million. HRTX shares are up 9.43% at $1.51 on the last check Monday.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 4:04 pm

SNBR

Zacks SurpriseTrader has reportedly purchased stock in Sleep Number (SNBR).

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 3:57 pm

BAC

A significant number of investors have taken a bullish stance on Bank of America (NYSE:BAC), with 56% of recent unusual options trades being bullish and 43% bearish. The trades indicate a target price range of $24.0 to $35.0 for Bank of America over the next three months. The current price of BAC is $32.6, up 1.95%. Analysts from Morgan Stanley, RBC Capital, Oppenheimer, and BMO Capital have maintained their ratings on BAC, with price targets ranging from $33 to $52.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:15 pm

JNVR

Janover Inc (NASDAQ:JNVR) is set to start trading on NASDAQ on July 25. The company is offering shares at an expected price between $4.00 and $6.00 per share with an insider lock-up period of 180 days ending on January 21, 2024. Janover Inc is a B2B fintech marketplace connecting commercial property borrowers and lenders.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:00 pm

APLD

Applied Digital (APLD) has an option alert for January 19 $14 calls at the ask price of $2.0. This is against an open interest of 159, with the reference price at $9.46.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:47 pm