Streetbeat News

Equity Actions

CCEL

Cryo-Cell International, Inc. has announced its intention to explore strategic alternatives, including the potential spin-off of its subsidiary, Celle Corp. This move aims to enhance shareholder value and focus on core business operations.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:03 pm

SINT

SINTX Technologies has announced the pricing of its public offering, aiming to raise $1.3 million through the sale of 28,400,000 shares of common stock at a price of $0.047 per share.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:01 pm

UTHR

United Therapeutics announced a $1 billion accelerated share repurchase program, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:55 pm

AMD

BA

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

CLF

Cleveland-Cliffs Inc (NYSE:CLF) shares rose after being selected to receive $575 million from the U.S. Department of Energy for decarbonization projects in Ohio and Pennsylvania. This funding, part of the DOE's Industrial Demonstrations Program, aims to reduce greenhouse gas emissions and operating costs. The company's revenue has grown at an average rate of 114.94% annually over the past five years, with an average one-year price target from analysts at $19.50, indicating a potential downside in 2025.

Portfolio Pulse from Adam Eckert

March 25, 2024 | 12:48 pm

IMNN

IMUNON, Inc. has successfully generated $1.3 million in revenue through the sale of its New Jersey Net Operating Losses. This strategic financial move allows the company to monetize its unused tax losses, providing an influx of cash that can be used for further development and operations.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:38 pm

GDEN

Golden Entertainment, Inc. (NASDAQ:GDEN) announced Blake Sartini II as the new Chief Operating Officer effective March 20, 2024. Blake Sartini II has been with the company for nearly 17 years, contributing significantly to its operations, especially in tavern operations and local casinos in Nevada. Steve Arcana, the former COO, transitions to Chief Development Officer, focusing on new tavern development and maximizing value from the company's real estate assets. These management changes aim to enhance core operations and explore new growth opportunities, potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:33 pm

OTLK

HC Wainwright & Co. analyst Douglas Tsao maintains a Buy rating on Outlook Therapeutics (NASDAQ:OTLK) and adjusts the price target to $30 from $1.5, accounting for a reverse stock split at a ratio of 1:20.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:31 pm

DIS

Trian Fund Management, led by Nelson Peltz, has reiterated its call for changes at Disney, emphasizing the commitment of its nominees, Nelson Peltz and Jay Rasulo, to collaborate with Disney's board members. This move underscores Trian's ongoing efforts to influence the strategic direction and operational efficiency at Disney.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:22 pm

SLF

Sun Life Financial Inc. has announced Timothy Deacon as its new Chief Financial Officer, effective April 8, 2024. Deacon, with over 20 years of experience in the financial sector, will succeed Manjit Singh, who will continue as President of Sun Life Asia. Deacon's role will encompass overseeing the Finance organization, including strategic financial initiatives. His appointment is part of Sun Life's focus on financial discipline and growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:07 pm