Streetbeat News

Equity Actions

ALV

EWD

Nasdaq has announced the removal of Autoliv (ALV) from the OMX Stockholm 30 Index Nordic.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 4:05 pm

SONN

Sonnet BioTherapeutics shares are trading lower after the company announced the exercise of warrants for gross proceeds of $3.4 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:48 pm

RELI

Reliance Global shares are trading higher after the company announced an institutional investor has redeemed all of its outstanding Series B and Series G warrants.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:44 pm

WHLR

Wheeler Real Estate Investment Trust (WHLR) shares are trading lower after the company amended its reverse stock split ratio from 1-for-6 to 1-for-5.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:36 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are plummeting after the company announced a 1-for-30 reverse stock split, effective June 24. The stock has dropped over 30% in the past month and hit an all-time low of 25 cents. Analysts have a 12-month price target of $1, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 3:00 pm

OSTX

OS Therapies Incorporated (NYSE:OSTX) is set to IPO on June 21 on the NYSE, offering shares at $4.00 each. The insider lock-up period will last 180 days, ending on December 18, 2024. The company focuses on treatments for Osteosarcoma and other solid tumors.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:00 pm

NKLA

Nikola shares are trading lower after the company announced a 1-for-30 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:47 pm

BTTR

Better Choice Company has settled litigation with Alphia, retired $5M in senior secured debt and $0.4M in accrued interest, and retired 335,640 warrants with an $11.44 strike price. The company also entered an agreement to eliminate $5M of other indebtedness with potential $2.7M savings if paid within 90 days.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:21 pm

MSFT

NVDA

Nvidia has overtaken Microsoft and Apple to become the world's most valuable publicly traded company, with a market cap of $3.33 trillion. Nvidia's recent 10-to-1 stock split has made its shares more accessible, driving its valuation higher. Despite this, Microsoft has shown strong performance with an 18% increase year-to-date and potential for further growth.

Portfolio Pulse from Zaheer Anwari

June 20, 2024 | 2:19 pm

GRDI

MBIO

MGOL

NLSP

RELI

SONN

U.S. stocks traded mixed with the Dow down 0.10%, NASDAQ up 0.16%, and S&P 500 up 0.12%. The U.S. current account deficit widened to $237.6 billion in Q1. Financial shares rose 0.6%, while communication services fell 0.8%. MGO Global, Griid Infrastructure, and Reliance Global Group saw significant stock price increases, while Mustang Bio, NLS Pharmaceutics, and Sonnet BioTherapeutics experienced declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 1:42 pm