Streetbeat News

Equity Actions

CAMT

B of A Securities analyst Vivek Arya has upgraded Camtek (NASDAQ:CAMT) from Neutral to Buy and raised the price target from $30 to $50.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 10:52 am

ABOS

FFIE

GDS

LITE

MASI

NKLA

SYF

Several stocks recorded losses in Tuesday's pre-market trading session. Masimo Corporation shares dipped 27.3% after reporting weak preliminary revenue results for Q2. Acumen Pharmaceuticals tumbled 9.5% after reporting a proposed public offering of common stock. Lumentum Holdings, GDS Holdings, Faraday Future Intelligent Electric, Nikola Corporation, and Synchrony Financial also saw declines.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 10:46 am

TSLA

Tesla's co-founder and former technology chief, J.B. Straubel, discussed his journey at Tesla and his decision to leave in 2019 during a recent interview. He returned to Tesla as a board member earlier this year. Straubel highlighted the initial skepticism Tesla faced and the challenges of scaling the company profitably. He also dismissed concerns about over-investment in lithium-ion battery technology, emphasizing the need for continuous investment in the supply chain, refining processes, infrastructure, and product development.

Portfolio Pulse from Anan Ashraf

July 18, 2023 | 10:35 am

CVM

CEL-SCI has priced its public offering of 2.5 million shares at $2 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 10:16 am

QNRX

Quoin Pharmaceuticals has implemented a 1:12 reverse ADR split, which has resulted in the trading of its shares.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:21 am

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