Streetbeat News

Equity Actions

PCG

PG&E Corp announced a 5-year financing plan to fund $62B in safety and reliability capital expenditures, with no new equity in 2024, potential for substantial dividend growth, and up to $3B in equity needs from 2025-2028.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:24 pm

SYTA

Siyata Mobile Inc has filed with the SEC to offer up to 1.4 million common shares on a best-efforts basis.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:22 pm

CCS

Century Communities Inc has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:11 pm

TRYPF

Tryp Therapeutics Inc. (OTCQB:TRYPF) has received approval from Exopharm Limited shareholders for a merger, creating Tryptamine Therapeutics Limited. The merger, valued at CA$12.8 million, offers Tryp shareholders a significant premium, with Exopharm issuing 4.52 shares for each Tryp share. Trading of Tryp shares will halt on April 29, 2024, ahead of the ASX listing under ticker 'TYP' by mid-May 2024. This strategic move aims to enhance shareholder value and expand clinical programs, leveraging Australia's biotech landscape.

Portfolio Pulse from Patricio Liddle

April 25, 2024 | 3:05 pm

SNAP

A significant options trade was executed for Snap Inc. (SNAP), involving a sweep of 2,000 June 21 $7 puts at $0.141 each, compared to an open interest of 6,288, with SNAP's stock reference price at $10.925.

Portfolio Pulse from Charles Gross

April 25, 2024 | 3:03 pm

MU

Recent options activity for Micron Technology (NASDAQ:MU) shows a bearish sentiment among investors, with 55% of trades being bearish. The price target range is between $65 and $150, based on trading volumes and open interest. The largest trades observed include both puts and calls, with varying sentiments. Micron Technology, a leading semiconductor company, has seen its stock price decrease by -2.28%, with a current price of $109.23. Analyst ratings in the last month have an average target price of $146.8, with several analysts maintaining a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:01 pm

HD

Significant bearish options activity has been observed for Home Depot (NYSE:HD), with a notable split in sentiment among big-money traders. The activity includes 12 uncommon trades, with a bearish sentiment outweighing bullish. The focus is on a price band between $325.0 and $420.0. Home Depot's current market status shows a slight decline in stock price, with analysts providing mixed ratings ranging from Reduce to Outperform, and target prices varying from $323 to $425.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:01 pm

LULU

The analysis compares Lululemon Athletica (NASDAQ:LULU) against its peers in the Textiles, Apparel & Luxury Goods industry, highlighting its premium valuation and superior performance in terms of profitability, operational efficiency, and market position. Lululemon's financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are significantly higher than the industry average, indicating a strong market outperformance but also suggesting a potential overvaluation.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:01 pm

CSCO

The analysis compares Cisco Systems (CSCO) against competitors in the Communications Equipment industry, highlighting its financial metrics, market position, and growth prospects. Cisco's P/E, P/B, and P/S ratios suggest it is undervalued, despite a lower ROE indicating potential inefficiency. Its high EBITDA, gross profit, and better-than-average revenue growth demonstrate strong financial performance and market outperformance. The company's lower debt-to-equity ratio compared to top peers suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm

VRT

Vertiv Hldgs (NYSE:VRT) is analyzed against its peers in the Electrical Equipment industry, showing a higher valuation but strong financial performance. With a PE ratio significantly above the industry average, and high PB and PS ratios, VRT might be considered overvalued. However, its ROE, EBITDA, gross profit, and revenue growth are all above industry averages, indicating strong potential and efficiency in generating profits.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm