Streetbeat News

Equity Actions

THTX

Theratechnologies has announced a 1-for-4 reverse stock split, which will be effective from July 31, 2023, subject to regulatory approvals from the Toronto Stock Exchange and the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 11:03 am

ELYM

Eliem Therapeutics is exploring strategic alternatives, including potential acquisition, merger, business combination, or other transaction. The company has also decided to halt further development of its Kv7 program.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:47 am

IGT

International Game Technology PLC (NYSE:IGT) announced that its President and CEO, Vincent Sadusky, will take on additional responsibilities as interim CEO for the Global Lottery segment, a role previously held by the late Fabio Cairoli. The company is currently seeking permanent leadership for this segment.

Portfolio Pulse from Charles Gross

July 20, 2023 | 10:47 am

FITB

Fifth Third Bancorp's Q2 GAAP earnings per share (EPS) included a negative $0.05 impact from the valuation of Visa Total Return Swap.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:44 am

DHI

D.R. Horton has raised its fiscal 2023 revenue outlook to $34.70B - $35.10B, up from the previous estimate of $31.50B - $33B. The company expects to close between 82,800 and 83,300 homes, and between 6,500 and 7,000 rental homes/units. Cash provided by operations is expected to exceed $3.0 billion.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:37 am

ATAT

Atour Lifestyle Holdings has appointed Jianfeng Wu as Co-CFO. Wu will be responsible for overseeing the company's capital market matters, including investor relations and financing management, and will provide administrative support to the Board and assist in daily operations.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:03 am

BUD

Morgan Stanley analyst Sarah Simon has upgraded Anheuser-Busch InBev (NYSE:BUD) from Equal-Weight to Overweight and raised the price target from $64 to $68.5.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:42 am

NNDM

SSYS

Nano Dimension has nominated seven directors for the Stratasys board, urging Stratasys shareholders to vote for their nominees at the Annual General Meeting on August 8th, 2023. This move is aimed at replacing the majority of the current Stratasys Board.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:30 am

EEMA

EZU

FLAX

SPY

TSLA

US markets ended higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 recording gains. Tesla reported a 47% YoY increase in Q2 revenue, beating estimates. Asian markets showed mixed results, with Japan's Nikkei 225 and China's Shanghai Composite closing lower, while Australia's S&P/ASX 200 closed higher. European markets were trading higher, and commodities showed mixed results. US futures showed mixed results, and the US Dollar Index slid 0.09%.

Portfolio Pulse from Akanksha Bakshi

July 20, 2023 | 9:30 am

TSLA

Tesla CEO Elon Musk announced that the first Optimus bot, integrated with Tesla-designed actuators, is expected to be operational by November. The actuators, which are lighter, tighter, and more capable, are designed for volume production. Musk also mentioned that these bots could be useful in Tesla factories by next year. The Optimus bot was initially designed to perform unsafe, repetitive, or boring tasks.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 6:09 am