Streetbeat News

Equity Actions

ISUN

iSun, Inc. (NASDAQ:ISUN) announced the rescission of the previously approved reverse stock split, citing the decision as beneficial for the company and its shareholders based on market conditions and financial performance outlook. CEO Jeff Peck emphasized the commitment to shareholder value, strategic initiatives, and long-term value delivery. The company's outstanding shares will remain unaffected, and iSun will continue focusing on its core business objectives.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:41 pm

RTX

Financial analysis of RTX's options market reveals a bearish sentiment among investors, with 64% showing bearish tendencies and 28% bullish. Significant trading activity targets a price range of $80 to $120. Recent trades include both puts and calls, with notable bearish and neutral sentiments. RTX, a major aerospace and defense company, has seen its stock price increase by 0.76% to $101.79. Analysts have mixed ratings on RTX, with an average target price of $111.8. The next earnings report is expected in 89 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm

CDTX

WBB Securities analyst Stephen Brozak has maintained a Strong Buy rating on Cidara Therapeutics (NASDAQ:CDTX) and adjusted the price target to $40, taking into account a 1:20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:30 pm

MOH

In the last three months, 11 analysts have provided diverse ratings on Molina Healthcare (NYSE:MOH), with a shift towards more neutral positions. The average 12-month price target has increased to $425.18 from $412.17. Analyst actions include adjustments to ratings and price targets, reflecting responses to market conditions and company performance. Molina Healthcare's financial health shows positive revenue growth, impressive net margin, ROE, and ROA, but a high debt-to-equity ratio. The company specializes in Medicaid-related healthcare plans.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:00 pm

MTG

MGIC Investment has announced an additional $750 million share repurchase program, signaling confidence in its financial stability and future prospects. This move is likely to be viewed positively by investors as it often indicates a company's belief in its undervalued shares and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:04 pm

NAVI

Navient (NASDAQ:NAVI) has received mixed analyst ratings over the last three months, with a trend towards more neutral and somewhat bearish outlooks. The average 12-month price target for NAVI has been adjusted to $16.17, a decrease from the previous $17.17. Analyst actions include both downgrades and a single upgrade, reflecting varied expectations for the company's financial performance. Navient's financial indicators show challenges, including a significant revenue decline, below-average net margin, ROE, and ROA, alongside a high debt-to-equity ratio, suggesting potential financial strain.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:01 pm

IBTX

Independent Bank Gr (NASDAQ:IBTX) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target is $47.75, reflecting a 9.34% decrease from the previous target. Analysts from Truist Securities, Piper Sandler, and Stephens & Co. have adjusted their ratings and price targets, indicating varying expectations for the bank's performance. Despite a negative revenue trend and challenges in ROE and ROA, Independent Bank Gr maintains a strong net margin and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

GRRR

Gorilla Tech Gr's (NYSE:GRRR) short interest has significantly increased by 254.39% since the last report, with 581 thousand shares sold short, representing 8.47% of its float. This rise in short interest, which now exceeds the peer group average of 3.24%, indicates a more bearish market sentiment towards GRRR. However, an increase in short interest does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

BA

GE

TDG

VRT

Today's whale activity in the Industrials sector highlighted significant options trading, with bullish sentiment dominating across several companies including VRT, GE, LUV, ZIM, DAL, UBER, and FTAI, while BA, TDG, and FIX saw bearish movements. The trades varied in expiration dates, strike prices, and total trade prices, indicating diverse strategies and expectations from large investors.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

COIN

JPM

SOFI

SQ

UBS

Today's session highlighted significant options activity for financial stocks, with notable whale alerts across various companies. These alerts indicate large transactions in options, suggesting potential market movements. Bullish sentiments were observed in SOFI, COIN, JPM, UBS, C, and TW options, while HSBC and RILY showed bearish sentiments. SQ and KNSL had neutral positions. The activity suggests investors' strategies and market expectations ahead of these stocks' future performances.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm