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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

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) has begun offering traditional and Roth individual retirement accounts (IRAs), marking a shift from its reputation as a hub for short-term trades. The move is seen as a strategic decision to diversify its user base, secure steady revenue streams, and potentially enhance its brand image. Unlike its competitors, Robinhood's revenue model for IRA accounts remains tied to trading activity. The company will also match 1% on any deposit made into the account.

Portfolio Pulse from AJ Fabino

July 14, 2023 | 3:30 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 37% bullish and 62% bearish. Whales have been targeting a price range from $750.0 to $1300.0 for MercadoLibre over the last 3 months. The price of MELI is currently down -1.37% at $1131.05. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

SGMT

Sagimet Biosciences has priced its Initial Public Offering (IPO) at $16 per share, with 5.3125 million shares being offered. The IPO is currently indicating $16 on 239K shares.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:12 pm

LILM

Lilium NV's shares have dropped by 17.65% after the company announced the pricing of an upsized $192 million offering. The underwritten public offering is for 57,692,308 shares at $1.30 per share. The underwriter, B. Riley Securities, has a 30-day option to purchase up to 8,653,846 additional shares to cover over-allotments. The net proceeds from the offering will be used for general corporate purposes.

Portfolio Pulse from Henry Khederian

July 14, 2023 | 2:57 pm

SGMT

Sagimet Biosciences has priced its IPO at $16 per share, with 5.3125 million shares being offered. The IPO is currently indicating $17 on 216K shares.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:56 pm

OPRA

Opera Limited (OPRA) shares are trading lower after the company filed for a mixed shelf of up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:55 pm

APGE

Apogee Therapeutics' shares have started trading at $21.50 per share, which is higher than its IPO price of $17 per share.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:49 pm

CMG

A significant investor has taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG), with 65% of investors opening trades with bullish expectations. The whales have been targeting a price range from $760.0 to $2300.0 for Chipotle over the last 3 months. The price of CMG is up 1.27% at $2074.85. Several financial firms have maintained their positive ratings on Chipotle, with price targets ranging from $2300 to $2400.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:46 pm

SGMT

Sagimet Biosciences has priced its IPO at $16 per share, with 5.3125 million shares. However, the IPO is indicating $17.50 on 131K shares.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:40 pm