Streetbeat News

Equity Actions

BTB

Bit Brother Ltd (NASDAQ:BTB) has entered into a securities purchase agreement to sell $50 million of its shares at $0.25 per share in a registered direct offering. The offering is expected to close on July 18, 2023. Following this news, BTB shares are trading lower by 18.66% at $0.6255.

Portfolio Pulse from Shivani Kumaresan

July 14, 2023 | 4:31 pm

MRVL

A significant number of investors have taken a bearish stance on Marvell Tech (NASDAQ:MRVL), with 57% of detected trades being bearish. The whales have been targeting a price range from $50.0 to $72.5 for Marvell Tech over the last 3 months. The price of MRVL is down -1.64% at $64.3. Stifel downgraded its action to Buy with a price target of $65, Keybanc maintained their Overweight rating with a price target of $80, and Morgan Stanley maintained their Equal-Weight rating with a price target of $68.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:19 pm

FOX

FOXA

Donald Trump and Ron DeSantis, the two leading candidates in the Republican race for the 2024 presidential nomination, have expressed differing opinions on the upcoming Republican primary debate. Trump, who leads in most Republican-focused polls, has hinted at skipping upcoming debates, a decision criticized by DeSantis. DeSantis has increased his criticism of Trump in recent months, including highlighting Trump's support for the LGBTQ+ community and his failure to deliver on some 2016 campaign promises. The first Republican debate on Aug. 23 will air on Fox News, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA).

Portfolio Pulse from Chris Katje

July 14, 2023 | 4:11 pm

BJRI

Zacks Surprise Trader has reportedly purchased stock in BJ's Restaurants, according to recent news. This could potentially indicate a positive outlook for the company's stock.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 4:10 pm

PRFX

PainReform Ltd. (NASDAQ:PRFX) shares have been volatile, with trading halted multiple times. The company announced a $2.7 million concurrent registered direct offering and private placement. The stock is trending on StockTwits and has seen heavy trading volume. PRFX shares are trading 127.7% higher at $13.09.

Portfolio Pulse from Erica Kollmann

July 14, 2023 | 4:06 pm

FSR

Fisker Inc. has ended its distribution agreement that allowed the company to sell shares of its Class A common stock through an 'At The Market' equity offering program. This results in the discontinuation of any further share offerings.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 4:03 pm

BLK

BTCUSD

BlackRock Inc's CEO, Larry Fink, has expressed his belief that cryptocurrencies will surpass international currencies due to their global demand. BlackRock is currently filing for the establishment of the U.S's first spot Bitcoin ETF. Fink referred to cryptocurrency as 'digital gold' and a 'global asset'. He also mentioned the crucial role that Gold ETFs played in investing in that asset, expressing his hope for a similar result with cryptocurrency.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 4:00 pm

EWY

TSLA

Tesla Inc. has begun selling its Chinese-made Model Y vehicles in South Korea. The price of the rear-wheel drive model is $44,000, which can be reduced to $37,000 in Seoul and as low as $30,000 in some cities with additional EV incentives.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 3:56 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has announced a registered direct offering with certain institutional investors to purchase an aggregate of 10,416,667 shares and/or pre-funded warrants at a purchase price of $0.24 per share. The gross proceeds are expected to be approximately $2.5 million. The closing of the offering is expected to occur on or about July 18, 2023. Spartan Capital Securities, LLC is acting as the sole placement agent in connection with the offering.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 3:52 pm

CRBU

Caribou Biosciences has announced an upsized $125 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:42 pm