Streetbeat News

Equity Actions

LXRX

Lexicon Pharmaceuticals (NASDAQ:LXRX) has commenced an underwritten public offering of its common stock, subject to market and other conditions. The company also plans to grant underwriters a 30-day option to purchase additional shares.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:05 pm

VNRX

VolitionRx has announced a proposed underwritten public offering of its common stock, with the size of the offering not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 8:05 pm

TRKA

Troika Media Group announced a 1-for-25 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:46 pm

PHIO

Phio Pharmaceuticals announced a $4 million concurrent registered direct offering and private placement priced at-the-market under Nasdaq rules, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:37 pm

TWLO

Twilio Inc's stock is trading higher following a report that activist firm Legion Partners has met with the company's board and management, urging them to make changes to the board and consider divestitures. Legion has raised concerns about Twilio's cost structure, balance sheet, and strategic alternatives.

Portfolio Pulse from Erica Kollmann

May 31, 2023 | 5:59 pm

PBLA

Panbela Therapeutics announced a 1-for-30 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:38 pm

CYBN

Cybin Inc. (NYSE:CYBN) has entered into a common share purchase agreement with institutional investor Lincoln Park Capital Fund (LPC) for the sale of up to $30 million of its common shares within a 36-month period. The equity facility will allow Cybin to strengthen its cash position and advance its drug development programs.

Portfolio Pulse from Lara Goldstein

May 31, 2023 | 5:10 pm

HOOD

Robinhood (NASDAQ:HOOD) is experiencing a gamma squeeze ahead of CEO Vlad Tenev's appearance at the Bernstein Strategic Decisions Conference on June 2, 2023. The squeeze is fueled by a surge in Dealer Short OTM Calls and Dealer Long OTM Puts, indicating a growing downside potential for the stock.

Portfolio Pulse from Deep Dive Stocks

May 31, 2023 | 4:58 pm

TRKA

Troika Media has declared a 1-for-25 reverse stock split, effective June 1. The move is aimed at increasing the company's stock price and attracting more investors.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:31 pm

TLRY

Tilray Brands Inc (TLRY) shares are down 6.28% to $1.72 after the company announced pricing of a $150 million registered offering of unsecured convertible senior notes. The completion of the offering is subject to market conditions, and the net proceeds will be used to repurchase outstanding Convertible Senior Notes and for general corporate purposes.

Portfolio Pulse from Henry Khederian

May 31, 2023 | 3:26 pm