Streetbeat News

Equity Actions

SHOP

A significant bullish stance on Shopify (NYSE:SHOP) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. Whales have been targeting a price range from $30.0 to $85.0 for Shopify over the last 3 months. JMP Securities downgraded its action to Market Outperform with a price target of $70, while Jefferies maintained their Hold rating on Shopify, with a price target of $65.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:46 pm

DMTTF

Small Pharma Inc. (OTCQB:DMTTF) has announced a cost-cutting strategy, changes in its management team, and an update to its R&D strategy. The company aims to expedite the clinical program of its novel deuterated DMT compound SPL028, which is currently in Phase 1 study. Preliminary findings show that SPL028 produces a psychedelic experience of less than one hour and is well-tolerated. The company's co-founder, Peter Rands, has left his positions, and the company is also reducing its headcount by 30%. Topline data from the ongoing Phase 1 study is expected in Q4 2023.

Portfolio Pulse from Lara Goldstein

July 05, 2023 | 8:46 pm

INNV

InnovAge has announced the appointment of Ben Adams as its new CFO, effective from July 10. He will be succeeding Barb Gutierrez.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:31 pm

TCRT

Alaunos Therapeutics has been notified by Nasdaq that the transfer of its common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market has been approved. The change will be effective at the opening of business on July 7, 2023.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:20 pm

AMZN

ROKT

UFO

Blue Origin, the aerospace manufacturer founded by Amazon's Executive Chairman Jeff Bezos, is planning to establish international launch sites as part of its global expansion strategy. This move follows the company's domestic progress, including partnerships with NASA and successful launches. The expansion could impact related companies like Amazon and SpaceX, as well as ETFs like the Procure Space ETF (NYSE:UFO) and the SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Portfolio Pulse from Benzinga Newsbot

July 05, 2023 | 8:18 pm

SNOW

A significant bullish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split, with 59% bullish and 40% bearish. The whales have been targeting a price range from $120.0 to $270.0 for Snowflake over the last 3 months. The current price of SNOW is down -2.51% at $172.55. Analysts have mixed views, with downgrades from Wedbush and JMP Securities, and maintained Buy ratings from Needham and Mizuho.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:16 pm

VBIV

VBI Vaccines is planning a concurrent public offering and registered direct offering of common shares and warrants. The terms of the offerings have not been disclosed. The company also intends to grant underwriters a 30-day option to purchase up to an additional 15% of the number of common shares and/or common warrants offered in the public offering.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:13 pm

HSTO

Histogen has announced its decision to pause further development of its programs and commence a process to explore strategic alternatives. This could potentially lead to a change in the company's direction or a possible sale.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:11 pm

LUNR

Intuitive Machines has filed a prospectus relating to a potential offer from CF Principal Investments of up to 4.9 million of Class A common shares. The US-listed company LUNR may be mentioned in the article.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:07 pm

NKTX

Nkarta Inc. has appointed Alyssa Levin as its new Chief Financial Officer and Business Officer. This change in leadership could potentially impact the company's strategic direction and financial management.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:03 pm