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Equity Actions

PRFX

PainReform announced the pricing of a $2.7 million concurrent registered direct offering and private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:02 pm

AVGO

COP

TMO

CNBC's Halftime Report discussed final trades involving ConocoPhillips, Thermo Fischer, and Broadcom. The ticker symbols for these companies are COP, TMO, and AVGO respectively.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:00 pm

CRM

A significant amount of unusual options activity has been detected for Salesforce (NYSE:CRM), with a majority of investors taking a bullish stance. The price range targeted by these investors over the last three months is $190.0 to $330.0. The current price of CRM is up 1.05% at $223.5. Several financial institutions have given their ratings and price targets for Salesforce, with most maintaining a positive outlook.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:49 pm

MPWR

Investors Business Daily's Swingtrader has reportedly purchased shares in Monolithic Power Systems (MPWR).

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:36 pm

SXTP

60 Degrees Pharmaceuticals has announced the pricing of its initial public offering (IPO) at $5.30 per unit, aiming to raise approximately $7.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:32 pm

CCHWF

CURLF

VRNOF

New York's marijuana retail footprint is growing with the help of a $150 million investment from a Chicago-based group. Two new stores have recently opened, including the first adult-use cannabis dispensary in the Bronx. In Florida, Verano Holdings Corp. and Insa, Inc. have expanded their retail presence. Insa also opened its first medical cannabis dispensary in Ohio. Columbia Care Inc. launched recreational sales at its three Maryland retail locations, while Curaleaf Holdings, Inc. started sales at its Groton, Connecticut retail location. New dispensaries have also opened in New Jersey and South Dakota.

Portfolio Pulse from Jelena Martinovic

July 12, 2023 | 4:20 pm

NKE

QQQ

SPY

TSLA

Benzinga's AI-curated portfolio, created by ChatGPT, is in its ninth week of a six-month challenge against 10 leading U.S. equity funds. The portfolio, which started with a hypothetical $10,000, is performing well, particularly against ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Tesla Inc is the star of the portfolio, up 62.24% since the position was taken, while Nike Inc is down 7.56%.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 4:14 pm

BAC

DKNG

Bank of America Corp (BAC) Global Securities has upgraded DraftKings Inc (DKNG) from a Neutral to a Buy rating, increasing the price target from $26 to $32. The upgrade is based on DraftKings' product and revenue momentum, which are nearing a critical point that may lead to significant improvements in margins and profitability. BAC's new EBITDA estimate for DraftKings for 2025 is 17% above the consensus, with an additional 15%-25% upside potentially on the cards. DraftKings' market share in online sports betting has grown from 21% to 29% in the past year.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 4:14 pm

AULT

HCTI

PRFX

RXRX

THTX

TTOO

US stocks traded higher with the S&P 500 gaining 1%. US crude oil inventories increased more than expected. Healthcare Triangle, Ault Alliance, and Recursion Pharmaceuticals saw significant stock increases due to various initiatives and collaborations. Theratechnologies, PainReform, and T2 Biosystems saw stock decreases due to weak sales and preliminary results.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 4:13 pm

CMI

Jennifer Rumsey has been appointed as the Chair of Cummins Board of Directors, effective July 31. She will replace Tom Linebarger, who is retiring.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:30 pm