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PINS

Evercore ISI Group analyst Mark Mahaney has upgraded Pinterest (NYSE:PINS) from In-Line to Outperform and set a price target of $41.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 8:41 am

BLK

BlackRock, Inc. (NYSE:BLK) has appointed Saudi Aramco's CEO, Amin Nasser, as an independent director to its board, sparking criticism from various quarters. Critics, including ZeroHedge and Tesla CEO Elon Musk, have questioned BlackRock's commitment to environmental, social, and corporate governance (ESG) standards, given Saudi Aramco's role as the world's largest oil producer and its environmental impact. BlackRock defended its decision, emphasizing the importance of regional expertise and balance in its board composition.

Portfolio Pulse from Shanthi Rexaline

July 18, 2023 | 7:19 am

BLK

SEC Chair Gary Gensler has expressed mixed feelings about a court ruling that Ripple Labs's XRP token is not necessarily a security. He was pleased with the part of the decision that classified the token as a security for institutional investors but disappointed about aspects related to retail investors. Gensler also mentioned that the SEC has proposed rule changes that apply to digital assets. In the coming months, the SEC will be handling a series of Bitcoin ETF applications submitted by financial institutions like BlackRock and Fidelity.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 6:14 am

ARKK

ARKW

COIN

HOOD

META

SOFI

TSLA

TWLO

Ark Invest, led by Cathie Wood, sold 45,184 shares of Tesla Inc (TSLA) worth approximately $13.12 million, while buying 4,184 shares of Meta Platforms Inc (META) worth nearly $1.3 million. The trades were made through the Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). Other trades included the purchase of shares in Twilio Inc (TWLO), SoFi Technologies Inc (SOFI), and Robinhood Markets Inc (HOOD) through the Ark Fintech Innovation ETF (ARKF), and the sale of shares in Coinbase Global Inc (COIN).

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 5:46 am

BYDDY

FSR

TSLA

Fisker Inc plans to produce 100 all-electric SUVs for the Indian market, joining Tesla Inc and BYD Co in the race for a share of India's EV market. The Fisker Ocean Extreme Vigyan Edition SUVs will be delivered in India in Q4 2023. The price in India will align with that of Europe, implying a price tag of about 6.5 million Indian rupees excluding import taxes and logistics. Fisker also plans to start delivering SUVs in China by Q1 2024.

Portfolio Pulse from Anan Ashraf

July 18, 2023 | 5:16 am

COTY

Coty Inc. has sold a 3.6% stake in Wella to IGF Wealth Management for $150 million. The deal is part of Coty's ongoing efforts to reduce its debt and simplify its business structure.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:45 am

CVM

CEL-SCI Corporation has priced a public offering of 2.5 million common shares at $2 per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:41 am

AHI

Bank of New York Mellon Corporation has increased its stake in Advanced Health Intelligence from 23.75% to 24.89% as of July 14, 2023.

Portfolio Pulse from Charles Gross

July 18, 2023 | 12:15 am

NAOV

Nanovibronix has filed for an offering of shares of common stock, along with warrants. The size of the offering has not been disclosed.

Portfolio Pulse from Charles Gross

July 17, 2023 | 9:13 pm

ABOS

Acumen Pharmaceuticals is planning a public offering of $100M of its common stock, with an option for underwriters to purchase an additional $15M. The proceeds will be used to fund the Phase 2 trial of ACU193, other R&D activities, and for working capital and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:55 pm