Streetbeat News

Equity Actions

ANY

Sphere 3D Corp. (NASDAQ:ANY) has announced a 1-for-7 share consolidation, also known as a reverse stock split, which was approved by shareholders on June 23, 2023. The company's shares will begin trading on a post-consolidation basis on the NASDAQ Capital Market from June 29, 2023. The move is intended to increase the per share trading price of Sphere 3D's common shares to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 5:04 pm

QCOM

A significant amount of unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a majority of investors taking a bearish stance. Of the 14 unusual trades detected, 57% were bearish and 42% bullish. The total amount for puts was $1,651,618 and for calls was $251,815. Whales have been targeting a price range from $95.0 to $160.0 for Qualcomm over the last 3 months. The current price of QCOM is down -2.12% at $117.25. Mizuho downgraded its action to Buy with a price target of $140.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 4:50 pm

LCID

Lucid Group Inc's shares are trading higher by 4.84% after the company announced a partnership with Aston Martin and an increase in stake by the Saudi Public Investment Fund. The fund acquired 265.7 million shares at a premium price of $6.83 per share, increasing its ownership stake to 60.49%. The partnership with Aston Martin involves Lucid supplying its electric vehicle powertrain and battery systems in contracts worth over $450 million.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 4:47 pm

LCID

Lucid Group shares are trading higher following the company's recent partnership announcement with Aston Martin. The Saudi Public Investment Fund has also increased its stake in the company through a recent private placement.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:23 pm

ASTS

CGTX

KLR

NERV

SONN

TOVX

US stocks traded mixed with the Nasdaq Composite gaining over 80 points. U.S. crude oil inventories dropped by 9.603 million barrels, more than the market estimates of a 1.757 million decline. Kaleyra, Inc. (KLR), Minerva Neurosciences, Inc. (NERV), and Theriva Biologics, Inc. (TOVX) saw their shares rise after various positive announcements. Meanwhile, AST SpaceMobile, Inc. (ASTS), Sonnet BioTherapeutics Holdings, Inc. (SONN), and Cognition Therapeutics, Inc. (CGTX) saw their shares drop due to various negative announcements.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 4:22 pm

U

Zacks Tech Innovators Newsletter has reportedly purchased stock in Unity Software.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 4:20 pm

ALLR

Allarity Therapeutics, Inc. (NASDAQ:ALLR) has announced a 1-for-40 reverse stock split of its common stock, effective from June 28, 2023. The move is intended to increase the company's per share trading price and bring it into compliance with Nasdaq's listing requirement regarding minimum share price. The reverse stock split will reduce the number of shares of Allarity's common stock outstanding from 20,142,633 shares to approximately 503,565 shares.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:57 pm

TIGO

Millicom International Cellular SA has updated its financial targets, predicting lower than previously expected cumulative equity free cash flow for the next three years up to and including 2024.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:14 pm

GENK

GEN Restaurant Group's initial public offering (IPO) is indicating a price of $17 per share, which is significantly higher than its IPO price of $12 per share.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:05 pm

GENK

GEN Restaurant Group's initial public offering (IPO) is indicating a price of $15 per share on 32K shares, which is higher than its IPO price of $12 per share.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:02 pm