Streetbeat News

Equity Actions

FXI

SPY

USO

VGK

Major fossil fuel producers, including Saudi Arabia and Russia, have opposed a proposal to triple G20 countries' renewable energy capacity by 2030, according to three sources.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 2:25 pm

ALV

DWAC

ETSY

EVLO

FOR

HYZN

INTR

MATX

PKX

SCHL

SFBS

SGHT

SIFY

STOK

UHG

WNS

ZTS

Several US stocks traded higher on Friday, with notable gains for Digital World Acquisition Corp. (DWAC), Evelo Biosciences (EVLO), ServisFirst Bancshares (SFBS), Scholastic Corporation (SCHL), Matson (MATX), POSCO Holdings (PKX), Sight Sciences (SGHT), Autoliv (ALV), Stoke Therapeutics (STOK), Hyzon Motors (HYZN), Inter & Co (INTR), Sify Technologies (SIFY), United Homes Group (UHG), Forestar Group (FOR), Etsy (ETSY), WNS (Holdings) (WNS), and Zoetis (ZTS). Reasons for the gains include settlements with the SEC, termination of sublease agreements, upbeat Q2 results, stock repurchase programs, and analyst upgrades.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 2:23 pm

GLMD

CVI Investments, Inc. has increased its stake in Galmed Pharmaceuticals to 9.9% as of July 14, according to a 13D filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 2:17 pm

TSBX

Turnstone Biologics Corp. (NASDAQ:TSBX) has priced its upsized initial public offering (IPO) of 6.66 million shares at $12 per share, expecting to raise $80 million. The shares are set to begin trading on the Nasdaq Global Select Market under the symbol 'TSBX'. The underwriters have a 30-day option to purchase up to an additional 1 million shares.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 2:11 pm

AutoNation Inc reported Q2 FY23 sales growth of 0.3% YoY to $6.89 billion, beating the analyst consensus. New vehicle retail unit sales increased 8%, while used vehicle retail unit sales declined 11%. Gross profit declined 2% YoY to $1.33 billion, and net income declined 28% YoY. The company repurchased 1.6 million shares for $207 million in Q2. Despite the strong performance, AN shares are trading lower by 6.26%.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 1:49 pm

LUMN

Traders are circulating activist insight suggesting that an activist investor is considering investing in Lumen Technologies.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:46 pm

RDHL

RedHill Biopharma Ltd. (NASDAQ:RDHL) has announced a registered direct offering for the purchase and sale of 1,301,923 of the Company's American Depositary Shares (ADSs) at a purchase price of $1.35 per ADS. The company has also agreed to exercise its existing Class A warrants for 1,500,000 ADSs at a reduced exercise price of $1.35 per ADS. The transactions are expected to close on July 25, 2023, and are expected to generate approximately $3.8 million in gross proceeds.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:36 pm

CORN

SOYB

SPY

VGK

WEAT

Russia's Deputy Foreign Minister has stated that the country is ready to explore all possibilities regarding alternative grain export variants. This could potentially impact the global grain market.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:32 pm

VSTO

Vista Outdoor Inc has announced that it is on track to separate its Outdoor Products and Sporting Products segments into two publicly traded companies in 2023.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:07 pm

VSTO

Vista Outdoor Inc. (NYSE:VSTO) has appointed Eric Nyman, former COO and president of Hasbro Inc., as CEO of its Outdoor Products segment, effective Aug. 21. Nyman will lead the new Outdoor Products Company following a planned separation later this year. Interim CEO Gary McArthur will focus on the planned separation and become chairman of the board of the new company post-split.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:03 pm