Streetbeat News

Equity Actions

SNDA

Sonida Senior Living has filed with the SEC for a mixed shelf offering of up to $500 million. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, over time.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:33 pm

AUGX

HE

HYZN

KITT

NFLX

SILO

SXTP

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. Netflix posted better-than-expected earnings and added 8.05 million paid members. Augmedix shares surged 148% after an acquisition announcement, while Hyzon Motors shares plummeted 50% following a direct offering. Commodities also saw declines, with oil down 3%.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 6:41 pm

SBUX

Activist investor Elliott Management has reportedly acquired a significant but undisclosed stake in Starbucks, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:39 pm

HYZN

Hyzon Motors Inc (NASDAQ:HYZN) shares plummeted by 49.7% to $0.14 after announcing a securities purchase agreement to sell 22.5 million shares and accompanying warrants. The offering price is $0.20 per share and warrant, with warrants exercisable at $0.30 per share. The company plans to use the $4.5 million proceeds for working capital and general corporate purposes. Shares have decreased by 90.64% in the past year and 60.32% over the past month, with an RSI of 27.46 indicating oversold conditions.

Portfolio Pulse from Henry Khederian

July 19, 2024 | 6:13 pm

AUGX

HE

HYZN

KITT

SILO

SLB

SXTP

U.S. stocks traded lower with the Dow Jones falling over 300 points. Schlumberger (SLB) reported better-than-expected Q2 results. Augmedix (AUGX) shares surged on acquisition news, while Hyzon Motors (HYZN) shares plummeted after a direct offering. Commodities like gold and silver also saw declines.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 4:02 pm

SILO

Silo Pharma shares are trading lower following the announcement of a $2.1 million registered direct offering of 763,638 shares of its Common Stock at $2.75 per share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:49 pm

HYZN

Hyzon Motors shares are trading lower following the announcement of a $4.5 million registered direct offering of 22.5 million shares of its Class A Common Stock and warrants at $0.20 per share and accompanying warrant.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:43 pm

QMMM

QMMM's IPO shares opened for trade at $3 per share, which is below the IPO price of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:28 pm

QMMM

Trading halt status for QMMM was updated at 11:00:00 AM ET. The IPO security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:00 pm

KITT

Nauticus Robotics Inc (NASDAQ:KITT) shares are down 32% to $0.08 after announcing a 1-for-36 reverse stock split to meet Nasdaq's minimum bid price requirement. The split will be effective on July 22, with post-split trading starting on July 23.

Portfolio Pulse from Henry Khederian

July 19, 2024 | 2:21 pm