Streetbeat News

Equity Actions

CYH

There was a notable options trading activity for Community Health Systems (CYH), involving a sweep of June 21 $4 call options. A total of 1,118 contracts were traded near the ask price at $0.399, compared to an open interest of 1,354 contracts. This activity occurred with CYH's stock reference price at $2.98.

Portfolio Pulse from Charles Gross

April 24, 2024 | 2:01 pm

TBLA

Analysts have mixed views on Taboola.com (NASDAQ:TBLA), with recent ratings showing a bullish trend. The average 12-month price target is $5.81, up 10.67% from the previous target. Taboola.com's financial performance is strong, with a revenue growth rate of 13.07%, a net margin of 0.89%, and an ROE of 0.35%. The company's debt-to-equity ratio is conservative at 0.2, indicating low dependency on debt financing.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:01 pm

IVZ

Invesco (NYSE:IVZ) has received neutral ratings from analysts, with a total of 6 indifferent ratings in the last three months. The average 12-month price target for Invesco is set at $17.25, with a recent decrease of 1.88% in the target. Analysts from firms including Goldman Sachs and Morgan Stanley have adjusted their price targets, reflecting a mix of lowered and raised expectations. Invesco's financial performance shows challenges with a revenue decline of -2.08% and below-average profitability metrics. The company's market capitalization is below industry averages, indicating potential growth and operational challenges.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:01 pm

GL

Analysts have provided diverse opinions on Globe Life (NYSE:GL), with recent evaluations showing a shift towards more cautious stances. The average 12-month price target has been adjusted to $116.8, down from $131.50, reflecting a decrease in optimism. Key financial indicators for Globe Life, such as market capitalization, revenue growth, net margin, ROE, and ROA, suggest a solid financial health, despite a lower growth rate compared to peers. The company's prudent debt management is also highlighted.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:00 pm

SNPX

Synaptogenix, Inc. (NASDAQ:SNPX) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. This follows a 1-for-25 reverse stock split conducted on April 4, 2024, aimed at increasing the stock's trading price above the $1.00 threshold. The company had previously been notified of non-compliance due to its stock price falling below $1.00 for 30 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:17 pm

BSBK

Bogota Financial Corp. (BSBK), the holding company for Bogota Savings Bank, has received regulatory approval to repurchase up to 237,090 shares of its common stock, approximately 5% of its outstanding shares. This marks the company's fifth stock repurchase program, with no set expiration date. The repurchase may occur in open market or private transactions, and the exact number of shares to be repurchased is not guaranteed, depending on market conditions and the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:17 pm

MDAI

Spectral AI has appointed Erich Spangenberg as the CEO of its IP-focused subsidiary, Spectral IP, and is considering a potential spin-off of this subsidiary. The move aims to enhance the subsidiary's focus on intellectual property and explore strategic options that could benefit Spectral AI's shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:13 pm

ATXI

Avenue Therapeutics announced a reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:09 pm

ISUN

iSun, Inc. has announced a 1-for-20 reverse stock split, a move typically aimed at increasing the market price of a company's shares. This action could affect the stock's liquidity and market perception.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:51 pm

NEOV

NeoVolta Inc. has announced the appointment of Ardes Johnson as its new CEO. This strategic move aims to leverage Johnson's extensive experience to drive the company's growth and innovation in the energy storage sector.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:49 pm