Streetbeat News

Equity Actions

SOFI

Whales have taken a bearish stance on SoFi Techs (NASDAQ:SOFI) with 62% of recent options trades being bearish. The stock is currently down 1.37% at $7.17. Analysts have mixed ratings with price targets ranging from $3 to $11.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:22 pm

JMIA

Andrew Left, speaking on Benzinga Live, highlighted Jumia (JMIA) as the leading company in its space and emphasized Africa as the next big market. He also noted that Jumia sold 10% of itself.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:54 pm

OXY

Occidental Petroleum (NYSE:OXY) has been downgraded by Truist Securities from Buy to Hold, with a price target cut from $84 to $69. The downgrade is due to the expected minimal shareholder return in upcoming quarters as the company focuses on debt reduction. The CrownRock acquisition, while adding quality inventory, is seen as less accretive than other recent deals.

Portfolio Pulse from Priya Nigam

May 16, 2024 | 4:27 pm

AMZN

BIDU

BP

CL

FSLR

GOOGL

PHYS

Michael Burry's Scion Asset Management LLC has shifted its investment strategy in Q1 2024, focusing on physical commodities and renewable energy while divesting from major tech stocks. The fund's market value increased to $103.49 million, with significant investments in Sprott Physical Gold Trust, Cigna Holding Co, BP Plc ADR, First Solar Inc., and Baidu Inc ADR. Burry also increased stakes in JD.com Inc and Alibaba Group Holdings, while completely exiting positions in Alphabet Inc. and Amazon.com Inc.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 4:14 pm

GSK

HLN

GSK has announced its intention to sell approximately 385 million shares in Haleon. This move is likely to impact both GSK and Haleon in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:44 pm

MRVL

Marvell Technology shares are trading higher after Third Point disclosed a stake in the company in a 13F filing.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:38 pm

HSBC

Ping An, a major shareholder of HSBC, is exploring ways to reduce its $13 billion stake in the bank. This move could have significant implications for HSBC's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:54 pm

RAY

Raytech Holding shares are trading higher after the company debuted on the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:44 pm

XPER

Rubric Capital Management has sent a letter to Xperi stockholders urging them to replace incumbent directors David Habiger and Darcy Antonellis with Rubric's nominees, Thomas A. Lacey and Deborah S. Conrad, at the upcoming Annual Meeting of Stockholders on May 24, 2024. Rubric, which owns approximately 9.0% of Xperi's outstanding shares, argues that the current directors have led to years of underperformance and cannot be trusted to deliver value for stockholders.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:28 pm

GWAV

KULR

LSDI

OMER

SPIR

TSRI

US stocks edged higher on Thursday with the Dow, NASDAQ, and S&P 500 all showing slight gains. Initial jobless claims fell by 10,000 to 222,000, better than market estimates. Notable stock movements include significant gains for Lucy Scientific Discovery Inc. (LSDI), Greenwave Technology Solutions, Inc. (GWAV), and TSR, Inc. (TSRI), while KULR Technology Group, Inc. (KULR), Spire Global, Inc. (SPIR), and Omeros Corporation (OMER) saw substantial declines.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 1:57 pm