Streetbeat News

Equity Actions

IONS

Ionis Pharmaceuticals announced a $500 million private placement of convertible notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 3:31 pm

APRN

Blue Apron Holdings (NYSE:APRN) has announced a 1-for-12 reverse stock split, approved by its Board of Directors and stockholders. The split will be effective after market close on June 7, 2023, and will reduce the number of outstanding shares from 76 million to 6 million. The move aims to increase the market price per share and ensure compliance with the NYSE share price listing rule.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 3:11 pm

CVE

Cenovus Energy (NYSE:CVE) has restarted over 70% of production impacted by wildfires in May. Goldman Sachs upgraded the stock from Neutral to Buy and raised the price target from $20 to $22, citing imminent catalysts from the restart of Superior and Toledo refineries.

Portfolio Pulse from Priya Nigam

June 07, 2023 | 2:40 pm

VXRT

Vaxart Inc (NASDAQ:VXRT) shares are trading lower after the company proposed a public offering of common stock. The company plans to use the net proceeds to support clinical and preclinical development of its product candidates, as well as for clinical trials and manufacturing.

Portfolio Pulse from Adam Eckert

June 07, 2023 | 2:03 pm

SPY

UVXY

Ahead of the Federal Reserve decision, the SPDR S&P 500 ETF Trust (SPY) showed a possible bull flag pattern, while the CBOE Volatility Index (VIX) plunged over 5%. Traders can use MIAX's SPIKES Volatility products to trade the volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

June 07, 2023 | 12:29 pm

OP

OceanPal has announced a 1-for-20 reverse stock split, effective June 8. This move is aimed at increasing the company's stock price and attracting more investors.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:28 pm

ARBE

Arbe has announced a $23 million offering of registered ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:14 pm

EFTR

eFFECTOR Therapeutics announced an $8.7 million registered direct offering priced at-the-market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:04 pm

COIN

QQQ

SPY

TSLA

YXT

US stock futures indicate a flat opening on Wednesday as uncertainty prevails ahead of the Federal Reserve's decision next week. Stocks ended slightly higher on Tuesday, with the Nasdaq Composite reaching its highest level since April 20, 2022. LPL Financial's Adam Turnquist advises caution, remaining neutral on equities. In premarket trading, SPY and QQQ ETFs edged up, while several companies, including COIN, YXT, and TSLA, saw premarket gains.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 11:34 am

CSIQ

Canadian Solar's subsidiary, CSI Solar, is set to be listed on the Shanghai Stock Exchange on June 9, 2023. This listing may impact Canadian Solar's stock (CSIQ) in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:21 am