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Equity Actions

F

Recent options trading trends for Ford Motor (NYSE: F) show a bearish stance by investors, with 77% of detected trades being bearish. The trading volume and open interest analysis suggest a price window of $12.82 to $29.82 for Ford. Notable options activity includes both bearish and bullish sentiments, with a significant portion of the trades being puts. Ford's current stock price is $13.06, with an RSI indicating it may be approaching overbought. An analyst from Piper Sandler has downgraded Ford to Neutral with a price target of $13.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 2:46 pm

HPH

Highest Performances (HPH) has announced its plan to acquire a 77.5% equity interest in Singapore White Lingun. As part of the acquisition, HPH will issue 20,758,929 American Depositary Shares (ADS).

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:56 pm

ALAB

IBM

INTC

RDDT

SpaceX, valued at around $175 billion, is a hot prospect for investors, though it hasn't announced an IPO date. Investors can gain exposure to SpaceX through private equity firms like Stack Capital (TSX:STCK) that hold its shares. The IPO market has been sluggish, but recent successful listings like Astera Labs Inc (NASDAQ:ALAB) and Reddit Inc (NYSE:RDDT) could rejuvenate interest. Stack Capital's portfolio includes other pre-IPO companies, indicating a robust private market for blue-chip firms.

Portfolio Pulse from Neil Dennis

March 28, 2024 | 1:49 pm

TNXP

Tonix Pharmaceuticals has announced a registered direct offering of 14,666,666 shares and warrants, priced at $0.30 per share. The warrants have an exercise price of $0.33 per share, raising a total of $4.4 million.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:35 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading lower after the company filed a prospectus for an offering of up to $300 million of its common stock. The filing includes an offering of 159,808,031 shares and 8.295 million warrants. Despite a recent rally due to its successful moon landing mission, the stock is down 4.36% at $6.58. The company reported $4.5 million in cash and $54.6 million including warrant exercises as of March 1.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:29 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) announced an at-the-market offering program to sell up to $250 million of its common stock, aiming to enhance liquidity and manage debts. The decision comes in response to a challenging first quarter, influenced by industry strikes and increased seasonal working capital requirements. AMC's stock price fell 11.5% following the announcement. The company's 200-day moving average is $16.16, significantly above its current price of $3.85.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:27 pm

MTEM

Molecular Templates' stock is trading higher following the announcement of a $9.5 million private placement offering.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:21 pm

SPY

VEEV

VHT

XLV

Gregory DiMarzio from Rockland Trust highlighted the healthcare sector's potential for growth despite its underperformance YTD. He noted that healthcare ETFs like XLV and VHT have seen gains but lag behind the broader market SPY. DiMarzio is bullish on Veeva Systems (VEEV), a cloud-computing company serving the pharmaceutical and life sciences industries, citing its significant growth opportunity. The global market for cloud computing in pharmaceuticals is expected to reach $60 billion by 2030, indicating a strong potential for VEEV.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 1:18 pm

BK

Bank of New York Mellon (NYSE:BK) has seen a 9.89% increase in short interest since its last report, with 7.57 million shares sold short, representing 1.0% of its float. The short interest is below its peer group average of 2.46%. This rise in short interest indicates a more bearish market sentiment towards BK, but it's also noted that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 1:15 pm

FSBC

Five Star Bancorp (NASDAQ:FSBC) announced the pricing of its underwritten public offering of 3.45 million shares at $21.75 each, expecting to raise approximately $70.9 million. The proceeds are intended for general corporate purposes and to support growth, including investments in Five Star Bank. The offering, managed by Keefe, Bruyette & Woods, Stephens Inc., and D.A. Davidson & Co., is expected to close around April 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:08 pm