Streetbeat News

Equity Actions

SINGY

Singapore's state investor Temasek Holdings is planning to divest a 1.85% stake in Singapore Airlines Ltd. (OTC:SINGY) for around $296 million. The shares are priced between S$7.202 and S$7.283 per share, representing a 3% and 4% discount to the last close. Temasek will remain a major shareholder in Singapore Airlines with a 53.5% stake.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 2:38 pm

CSX

Canadian Pacific Kansas City Ltd (CP) has issued new multi-year guidance as part of its FY23 Investor Day Presentation, with financial targets for 2024-2028 including high-single digit revenue CAGR and double-digit EPS CAGR. The company also announced a new direct interchange connection in Alabama with CSX Corporation (CSX) and Genesee & Wyoming Inc., which will establish a new freight corridor for shippers. CP shares are currently trading lower by 1.03%.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 2:28 pm

AHI

Bank of New York Mellon (BK) has increased its stake in Advanced Health Intelligence (AHI) by 5 million shares, according to an ASX filing. This news has led to AHI's shares moving higher.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:21 pm

NERV

Minerva Neurosciences has announced a $20 million private placement priced at a premium to the market, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:15 pm

CFLT

Investor Business Daily SwingTrader has reportedly purchased stock in Confluent (CFLT).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:07 pm

AMD

BLK

CVX

GIS

GOOG

HYMTF

MSFT

NSANY

NVDA

OSTK

SAP

SPR

SSNLF

STLA

UAL

Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

Investor Business Daily's SwingTrader has reportedly purchased shares in Dynatrace (DT).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:57 pm

BILL

Investor Business Daily SwingTrader has reportedly purchased stock in BILL Holdings. This could potentially influence the stock's performance in the short term.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:52 pm

REGN

A significant bearish stance has been taken on Regeneron Pharmaceuticals (NASDAQ:REGN) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 23% bullish and 76% bearish. The whales have been targeting a price range from $760.0 to $930.0 for REGN over the last 3 months. The current price of REGN is down -2.52% at $698.04. Several financial institutions have downgraded their ratings on REGN.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:51 pm

SONN

Sonnet BioTherapeutics Holdings, Inc. (SONN) announced a $2.25 million registered direct offering of 5 million shares at 45 cents per share, causing its stock to drop by 26.18%. The company will also issue warrants for the investor to purchase up to 5 million additional shares at 67.49 cents per share. The proceeds will be used for R&D, clinical trials, working capital, and general corporate purposes.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 1:41 pm