Streetbeat News

Equity Actions

TRVI

Trevi Therapeutics has filed for a mixed shelf offering of up to $200 million. The filing was made with the SEC and the details can be found on their website.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:10 pm

OTRK

Ontrak has filed for an offering of shares of common stock, along with warrants. The size of the offering has not been disclosed.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:08 pm

ABBV

Abbvie has announced that Robert A. Michael has been appointed as the company's President and Chief Operating Officer, effective June 29.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:04 pm

ASML

FXI

SPY

The U.S. government is expected to restrict exports of certain Dutch semiconductor manufacturing equipment to specific facilities in China. The move is likely to affect ASML, a Dutch company that is a leading supplier of photolithography systems for the semiconductor industry.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:01 pm

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has announced a ratio change of its American Depositary Shares (ADSs) to its non-traded ordinary shares from 1:7 to 1:28, effective on June 30, 2023. This change will have the same effect as a 1:4 reverse split of the existing ADSs. Trading of the ADSs on Nasdaq was halted in anticipation of the ratio change and will resume on June 30, 2023.

Portfolio Pulse from Charles Gross

June 29, 2023 | 8:59 pm

HOOD

SCHW

SOFI

Fintech company Revolut has launched a robo-advisor service in the United States, expanding its 'super app' offerings. The robo-advisor feature provides users with a range of investment options and automated portfolio management tools. As Revolut enters the U.S. robo-advisor market, it faces competition from established players like Charles Schwab (NYSE:SCHW), Robinhood (NASDAQ:HOOD), and SoFi Technologies Inc. (NYSE:SOFI).

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 8:52 pm

CDNS

Cadence Design Sys Inc. (NASDAQ:CDNS) shares are currently trading at $228.54, after a 0.36% drop. Despite a 1.66% fall over the past month, the stock has increased by 52.73% over the past year. The company's price-to-earnings ratio is lower than the aggregate P/E of the Software industry, indicating potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:48 pm

UDR

UDR, Inc., a multifamily real estate investment trust, has announced a $510 million joint venture with LaSalle Investment Management. UDR will contribute four communities totaling 1,328 apartment homes into the joint venture and retain a 51% ownership. The company will receive approximately $250 million in cash proceeds. The joint venture will initially have no debt and is expected to be accretive to FFOA and cash flow per share in the first year.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:41 pm

BRCC

BRC Inc's Chief Financial Officer, Greg Iverson, is stepping down from his role. Mark Weinsten will serve as the company's interim CFO.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:19 pm

YUM

Yum! Brands, Inc. (NYSE:YUM) has announced the promotion of Sean Tresvant to Taco Bell Division CEO, effective January 1, 2024. Tresvant, currently the Global Chief Brand and Strategy Officer of Taco Bell, will succeed Mark King, who is retiring at the end of 2023. Tresvant will be responsible for driving Taco Bell's growth strategies, franchise operations, and overall performance. King led Taco Bell to significant growth, with same-store sales growth of 8% in 2022 and a 40% growth in the digital business.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:18 pm