Streetbeat News

Equity Actions

META

TWTR

Twitter's new CEO, Linda Yaccarino, called for unity among users, sparking a debate about the disparity between paid and unpaid voices on the platform. This comes amidst the rapid rise of Meta Platforms Inc.'s new decentralized social media platform, Threads, which gained 30 million users in under 24 hours. Yaccarino's appeal was met with criticism from users who expressed dissatisfaction with Twitter's treatment of users and the perceived favoritism towards paid subscribers.

Portfolio Pulse from Ananya Gairola

July 07, 2023 | 3:35 am

BIIB

META

PWM

RIVN

TSLA

US stocks traded lower with the Nasdaq Composite dropping over 100 points. Prestige Wealth Inc announced the pricing of its IPO of 1,000,000 ordinary shares at $5.00 per share. Rivian Automotive is facing a lawsuit alleging it deceived shareholders during its 2021 IPO. Meta Platforms launched a new social platform, Threads, to compete with Twitter. Tesla shares are trading lower amid market weakness and concerns over rate hikes. Biogen received FDA approval for Leqembi for treating Alzheimer’s Disease.

Portfolio Pulse from Benzinga Newsbot

July 07, 2023 | 12:27 am

CAVA

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) is closing all five of its Pizzeria Locale restaurants in Colorado, a test concept that had been operating since 2013. The company did not provide specific reasons for the closure. Chipotle's stock traded lower on Thursday, closing down 1.29% at $2,093.37, amid overall market weakness. The company will report earnings on July 26. CAVA Group Inc (NYSE:CAVA), a company with a similar model to Chipotle, went public last month and is currently valued at around $4 billion.

Portfolio Pulse from Aaron Bry

July 06, 2023 | 10:12 pm

IBEX

Ibex has appointed Michael Darwal as the company's Interim Chief Financial Officer, as announced on July 3.

Portfolio Pulse from Charles Gross

July 06, 2023 | 9:31 pm

MRCY

Jana Partners has reported an 8.0% stake in Mercury Systems Inc as of June 26.

Portfolio Pulse from Charles Gross

July 06, 2023 | 9:27 pm

STZ

Rob Sands, the Chair of the Board for Constellation Brands, has announced his retirement from the role. He will continue to serve as a Board member. The company is in the process of identifying a new Board Chair and will provide an update after the Annual Meeting of Stockholders on July 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:31 pm

CBOE

Cboe Global Markets, Inc. (CBOE) has announced the promotion of Jill Griebenow to Executive Vice President, Chief Financial Officer and Treasurer, effective July 10, 2023. She will replace the current CFO, Brian Schell, who is leaving the company to pursue a new opportunity. Griebenow has over 20 years of experience and has served as Chief Accounting Officer since 2018.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:31 pm

COP

A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $65.0 to $110.0 for ConocoPhillips over the last 3 months. The price of COP is currently down -3.54% at $100.34. Piper Sandler maintains their Overweight rating on ConocoPhillips, with a price target of $125.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 8:31 pm

BLZE

Backblaze's stockholders have approved a plan to eliminate the dual-class share structure. This will result in the auto-conversion of all outstanding shares of Class B common stock into shares of Class A common stock on a 1:1 basis.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:27 pm

AMZN

Amazon's CEO, Andy Jassy, in a CNBC interview, stated that there are no plans to spin out Amazon Web Services (AWS).

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:25 pm