Streetbeat News

Equity Actions

VALE

Deep-pocketed investors have shown a bearish sentiment towards Vale (NYSE:VALE), with unusual options activity detected. The activity includes both puts and calls with a price range target of $3.0 to $15.0. The bearish sentiment is predominant despite a divided general mood. Vale, a major global miner, is focusing on its core operations and is expected to separate its base metals and iron ore businesses by 2024. Recent stock performance shows a slight increase, with expert opinions varying from Overweight to Neutral.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 5:31 pm

SLNA

Saba Capital Management, L.P. has reported a 9.74% passive stake in Selina Hospitality Plc (SLNA) as of April 22, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:27 pm

SOPA

Society Pass shares are trading lower following the announcement of a 1-for-15 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:25 pm

CDP

COPT Defense (NYSE:CDP) has received mixed analyst ratings over the last three months, with a recent focus on adjustments in price targets and ratings by key analysts from firms like Wedbush, Citigroup, Jefferies, and Evercore ISI Group. The average 12-month price target remains unchanged at $27.25, despite individual adjustments. COPT Defense, a REIT focusing on office and data center properties primarily leased to U.S. Government agencies and contractors, has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 5:00 pm

CSLR

Complete Solaria, Inc. (NASDAQ:CSLR) announced T.J. Rodgers as the new CEO, succeeding Chris Lundell. Rodgers plans to leverage his experience in fundraising and M&A to guide the company through its financial challenges, including a significant reduction in quarterly operating expenses and addressing quality issues. The company faces pressure from its private equity debt holders, particularly Carlyle, which Rodgers criticizes for their detrimental financial tactics. Complete Solaria also promoted Brian Wuebbels to COO. Rodgers aims to convert debt to equity to alleviate financial strain and criticizes Carlyle's approach to business and its impact on companies and communities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:48 pm

AEHR

Aehr Test Systems (NYSE:AEHR) has seen a decrease in short interest, now at 5.61 million shares or 20.45% of its float, down 5.46% from the last report. This decline in short interest could indicate a more bullish sentiment among investors. Despite this, it's not a direct predictor of stock price movement. AEHR's short interest is significantly higher than its peer group average of 5.68%, suggesting unique market sentiment towards the company.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 4:45 pm

CLVR

Clever Leaves Holdings Inc (NASDAQ:CLVR) stock plummeted by 62% to $1.56 after announcing its decision to voluntarily delist from Nasdaq and deregister its securities, citing potential non-compliance with listing requirements, personnel resources, and high regulatory costs. The last trading day on Nasdaq is expected to be around May 16, with deregistration effective 90 days post filing.

Portfolio Pulse from Henry Khederian

April 29, 2024 | 4:33 pm

KO

Coca-Cola is reportedly preparing for an Initial Public Offering (IPO) of its African bottling division, valued at approximately $8 billion, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:31 pm

MBLY

Mobileye Global (NYSE:MBLY) has seen a 17.98% increase in short interest, with 21.88 million shares sold short, representing 32.68% of its float. This indicates a bearish market sentiment, although it's not a direct predictor of stock performance. Mobileye's short interest is significantly higher than its peer group average of 6.16%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 4:30 pm

CJJD

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) shares fell 24% to $2.21 after announcing a $1.53 million registered direct offering of 0.9 million shares at $1.70 each. The offering aims to raise funds for general corporate needs and working capital. The stock has seen a significant decline over the past year, with a 87.15% decrease, and currently has a Relative Strength Index of 38.72, indicating neutral market conditions.

Portfolio Pulse from Henry Khederian

April 29, 2024 | 4:29 pm