Streetbeat News

Equity Actions

DWAC

PSQH

RUM

Rumble, Inc. (NASDAQ:RUM) shares are experiencing high trading volume after CEO Chris Pavlovski tweeted about the short interest in the company's stock. Other conservative media companies' stocks, including Digital World Acquisition Corp. (NASDAQ:DWAC) and PSQ Holdings, Inc. (NASDAQ:PSQH), are also making large price moves. Rumble shares are currently trading 3.66% lower at $7.90.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 4:10 pm

MATX

Matson Inc (NYSE:MATX) shares surged after the company announced strong preliminary Q2 2023 results, with expected net income and EPS of $76.3 million-$81.5 million and $2.14-$2.28, respectively. The company also reported a decrease in consolidated operating income due to lower contributions from China service. During Q2, Matson repurchased approximately 0.6 million shares for a total cost of $42.4 million.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 4:09 pm

BTM

DWAC

IPG

RDHL

SFBS

SIRI

SLB

U.S. stocks traded higher with the Nasdaq Composite gaining around 20 points. Schlumberger N.V. reported a 19.6% YoY increase in Q2 FY23 revenue to $8.10 billion, missing the consensus of $8.22 billion. Digital World Acquisition Corp. shares rose 56% after reaching a settlement with the SEC. ServisFirst Bancshares shares rose 14% following upbeat Q2 results. Bitcoin Depot Inc. shares gained 13% after reporting Q2 preliminary revenues and 2023 guidance. The Interpublic Group of Companies shares dropped 11% after reporting Q2 financial results. RedHill Biopharma shares were down 21% after announcing a registered direct offering. Sirius XM Holdings was down 14% after multiple firms downgraded their rating on the stock.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 4:01 pm

CVNA

GFAI

GRRR

NKLA

PSQH

Benzinga's Stock Whisper Index has highlighted five stocks that are currently under the radar but warrant attention. These include Carvana Co, which reported strong quarterly results and plans to raise $1 billion through a share offering; Nikola Corp, which is seeing a surge in interest following the announcement of its Hydrogen Hub project acquisition by Fortescue Future Industries; Guardforce AI, which announced a partnership for a new robotic security solution in Singapore; PSQ Holdings, which went public through a SPAC merger; and Gorilla Technology Group, which reported a deal with British Telecom.

Portfolio Pulse from Chris Katje

July 21, 2023 | 3:56 pm

RDHL

RedHill Biopharma Ltd's shares are down after the company announced a registered direct offering of 1.3 million American Depositary Shares (ADS) at $1.35 per ADS. The company also entered into an agreement to exercise its warrants at a reduced price. The gross proceeds from these transactions are expected to be around $3.8 million. Additionally, RedHill's development partner, Apogee Biotechnology, has been awarded a $1.7 million SBIR grant to support research for opaganib.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 3:52 pm

DHR

A large investor has taken a bullish stance on Danaher (NYSE:DHR), with 10 uncommon options trades spotted. The sentiment of these trades is split 50% bullish and 50% bearish. The trades include 2 puts amounting to $90,125 and 8 calls amounting to $678,596. The targeted price range for Danaher over the last 3 months is from $195.0 to $260.0. The current price of DHR is up 3.86% at $253.81. Raymond James has downgraded its action to Outperform with a price target of $270.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:48 pm

QCOM

A whale investor has taken a bullish stance on Qualcomm (NASDAQ:QCOM), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $60.0 to $160.0 for Qualcomm over the last 3 months. The price of QCOM is up 2.4% at $123.62. Wolfe Research and Mizuho have downgraded their actions to Outperform and Buy with price targets of $145 and $140 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:48 pm

BGLC

BioNexus Gene Lab Corp. (NASDAQ:BGLC) shares are trading higher after the company uplisted its BGLC shares to the Nasdaq Capital Market with a public offering. The offering included 1.25 million shares priced at $4 per share, expecting to raise $5 million. There is potential for more funds if underwriters exercise their 45-day rights to acquire an additional 187,500 shares at the public offering price. BGLC shares are trading on very heavy volume and interest from retail investors.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:37 pm

RUM

Rumble CEO Chris Pavlovski has tweeted that he is aware of nearly 10 million shares being short on Rumble ($RUM) and has made it his mission to make it difficult for these short sellers.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 3:24 pm

QNRX

Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares are trading higher after the company effected an ADS ratio change equivalent to a 1-for-12 reverse stock split. The stock has been trending on StockTwits and Yahoo! Finance, and trading has been halted multiple times due to heavy volume. More than 1.73 million shares have been traded, far exceeding the QNRX 100-day average of 20.42 thousand shares.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:15 pm