Streetbeat News

Equity Actions

CARR

Carrier Global Corp (NYSE:CARR) saw its shares rise after exceeding Q2 earnings expectations. Despite weaker Viessmann results, the company plans a $1 billion share repurchase in late 2024. Analyst Andrew Obin upgraded CARR from Underperform to Neutral and raised the price target from $55 to $72.

Portfolio Pulse from Priya Nigam

July 29, 2024 | 4:42 pm

JSDA

Jones Soda Co. (OTCQB:JSDA) has closed the first tranche of its private placement offering, raising $3,013,960. The company plans to use the proceeds for growth and general corporate purposes. A second tranche is expected to close by July 31, 2024.

Portfolio Pulse from Jelena Martinovic

July 29, 2024 | 4:29 pm

CGTX

LIPO

NLSP

ON

VERO

VTVT

VTYX

U.S. stocks traded mostly higher on Monday, with the Nasdaq Composite gaining 0.4%. ON Semiconductor reported better-than-expected Q2 results. Shares of NLS Pharmaceutics surged 54% following a merger announcement. Lipella Pharmaceuticals and Venus Concept also saw significant gains. Meanwhile, vTv Therapeutics, Cognition Therapeutics, and Ventyx Biosciences experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 4:03 pm

EML

TRS

Barington Capital Group has recommended that TriMas Corporation consider selling its aerospace segment or the entire company to improve shareholder value. TriMas' shares have underperformed compared to its peers and the market over a long-term period.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:58 pm

LWLG

Lightwave Logic shares are trading lower after the company filed on Friday to sell $100M of common stock.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:36 pm

AVGO

Financial giants have shown a bearish move on Broadcom (NASDAQ:AVGO) with 33 unusual trades. 42% of traders were bearish, while 39% were bullish. The predicted price range for Broadcom is between $66.0 and $180.0 over the next three months. The stock is currently down 1.21% at $149.8, with RSI indicators suggesting it may be oversold. Analysts have set an average price target of $1002.0, with some maintaining high target prices up to $2400.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 3:31 pm

WINT

Windtree Therapeutics has entered into a securities purchase agreement for a private placement of 1,250 Series C Convertible Preferred Shares and warrants for up to 267,380 shares of common stock, generating approximately $1 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:44 pm

PR

Permian Resources Corporation (NYSE: PR) has announced the pricing of a public offering of 26.5 million shares of Class A Common Stock at $15.30 per share. Concurrently, its subsidiary plans to offer $750 million in senior unsecured notes. The proceeds will be used to fund a recent acquisition of oil and gas properties from Occidental Petroleum Corporation, expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:29 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher as Bitcoin rises following former President Donald Trump's advocacy for crypto at the Bitcoin Conference. Trump vowed to make the U.S. a bitcoin superpower and create a national bitcoin stockpile. MicroStrategy executive chair Michael Saylor also spoke at the conference, predicting significant future value for Bitcoin. MicroStrategy, which holds 226,331 bitcoins, will report Q2 financial results on Aug. 1 and enact a 10-for-1 stock split.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:21 pm

NVA

NVAAF

Nova Minerals Limited has appointed Richard Beazley as the new Independent Non-Executive Chairman. Beazley brings over 35 years of experience in mining and project development. This follows Nova's successful NASDAQ listing.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:19 pm