Streetbeat News

Equity Actions

PBTS

Powerbridge Technologies announced a 1-for-30 share consolidation, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:50 pm

FWRG

First Watch Restaurant Group announced a secondary offering of 3 million shares of common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 5:29 pm

GBLI

Global Indemnity announced that multiple parties have expressed preliminary interest in acquiring or merging with Penn-America or Global Indemnity. The company has also increased its existing share buyback authorization to $135 million.

Portfolio Pulse from Charles Gross

June 09, 2023 | 5:11 pm

CELZ

Creative Medical Technology Holdings (CELZ) has announced a 1-for-10 reverse stock split, which will reduce the number of outstanding shares and increase the stock price proportionally.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:43 pm

MRNA

RSP

SPY

The S&P 500 index entered a bull market on June 8, with the SPDR S&P 500 ETF Trust (SPY) surging over 20% since October 2022. However, the S&P 493 index remains nearly unchanged in 2023, as seven dominant stocks, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla, outperform the rest of the market.

Portfolio Pulse from Piero Cingari

June 09, 2023 | 3:29 pm

ELEV

Elevation Oncology announced a $50 million public offering, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 2:37 pm

TK

Teekay Corp (NYSE:TK) announced a new $25 million share repurchase program and provided an update on the existing one. The company has repurchased 10.87 million shares worth $55 million since August 2022. In Q1 2023, Teekay reported revenues of $418.7 million and adjusted EPS of $0.52.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 2:28 pm

AAPL

CVNA

META

NVDA

SPY

TSLA

Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, META, NVDA, AAPL, and CVNA. The memo provides price levels, support and resistance indicators, and potential breakouts or reversals for each stock.

Portfolio Pulse from RIPS

June 09, 2023 | 1:45 pm

AYTU

Aytu BioPharma announces a $4M public equity offering priced at-the-market, co-led by Nantahala Capital Management and Stonepine Capital Management, with participation from Armistice Capital. The offering is expected to close on June 13, 2023, and extend the interest-only period on the company's $15 million senior secured loan facility with Avenue Venture Opportunities Fund.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 1:20 pm

NVDA

ORCL

Cohere Technologies is raising up to $250 million in a funding round that values the OpenAI rival at $2 billion. Investors in the round include Nvidia and Oracle.

Portfolio Pulse from Charles Gross

June 09, 2023 | 11:55 am