Streetbeat News

Equity Actions

EH

EHang Holdings Ltd (NASDAQ:EH) announced a $23 million private placement with strategic investors led by K-Pop producer Lee Soo Man. The funds will be used for technology advancement, business development, and post-certification commercial operations. EHang shares are trading higher, up 21% at $18.70 Wednesday afternoon.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 5:31 pm

QQQ

Invesco QQQ Trust Series 1 (NASDAQ:QQQ) shares are trading higher by 1.16% to $372.44 after June CPI data showed softer-than-expected inflation. Lower inflation is generally favorable for growth stocks, which make up a significant portion of QQQ's holdings. The ETF hit a new 52-week high, with milder inflation potentially driving up the ETF's stock price.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:30 pm

MRO

Goldman Sachs analyst Neil Mehta has upgraded Marathon Oil Corp (NYSE:MRO) from Sell to Neutral with a $25 price target. The upgrade is based on the potential for strong free cash flow growth and returns to shareholders. MRO is expected to generate strong free cash flow over the next 3-4 years, supported by stable production profile, and uplift from Equatorial Guinea driven by exposure to international gas pricing. MRO shares traded higher by 1.73% at $24.75 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 5:29 pm

SONY

Goldman Sachs analyst Minami Munakata has upgraded Sony Group (NYSE:SONY) from Neutral to Buy, and added it to the conviction buy list.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:22 pm

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