Streetbeat News

Equity Actions

UXIN

Uxin has signed a term sheet with Xin Gao Group and an investment fund for financing approximately $34.8 million at a rate of $0.004858 per share, equivalent to $1.4574 per American Depositary Share (ADS). This term sheet is a commitment to negotiate in good faith towards definitive agreements for the financing.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:06 am

Qudian's Board has approved a new share buyback program to purchase up to US$300 million worth of Class A ordinary shares or ADSs over 36 months starting June 13, 2024. This is in addition to the existing program initiated in June 2022, under which the company has already purchased 56.7 million ADSs for approximately US$94.2 million. The existing program is set to conclude on June 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:04 am

GVH

Globavend Holdings Limited (NASDAQ:GVH), an e-commerce logistics provider, has entered into a $20M equity line of credit facility with Square Gate Capital Master Fund. This agreement allows Globavend to sell up to $20M of its shares to Square Gate over the next 36 months, with the shares to be registered for public resale.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:07 am

LOGI

Logitech has announced the departure of CFO Chuck Boynton, with a successor yet to be announced. Despite this change in leadership, the company has reaffirmed its financial outlook for 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:58 am

NVDA

TSLA

Andrej Karpathy, former AI director at Tesla, mentioned that a few Tesla employees could afford yachts due to their stock grants, similar to Nvidia employees. He highlighted that most employees sell their stock grants early, but a few 'true believers' have held onto their shares, expecting further gains from Tesla's future achievements, particularly in fully autonomous driving. Both Nvidia and Tesla have seen significant stock price increases, making some employees millionaires. However, Tesla did not offer merit-based equity awards to some salaried employees in 2023, a deviation from its usual practice.

Portfolio Pulse from Anan Ashraf

March 18, 2024 | 3:52 am

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

AMD

CCL

MSFT

NVDA

RCL

Inflation reports ahead of the Fed meeting showed unexpected price pressures, affecting markets and investor sentiment. Crypto and AI stocks like NVIDIA, AMD, and Microsoft saw declines, while commodities like gold and oil advanced. The uncertainty around Federal Reserve's interest rate decisions and diverging expert opinions add to the market's volatility. Meanwhile, optimism in the cruise sector is seen with bullish outlooks on Royal Caribbean and Carnival Corp. Concerns over potential insider trading arose from a congressman's sale of Boeing stock. The advancement of a bill targeting TikTok raises debates and concerns among influencers and figures like Elon Musk. Cannabis stocks surged on speculation of DEA's rescheduling of cannabis to Schedule III.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 8:39 pm

GOEV

Canoo (NYSE:GOEV) has seen a 37.45% increase in short interest, now at 14.02% of float, indicating a bearish market sentiment. Despite this, high short interest can sometimes be bullish. Canoo's short interest is above its peer group average of 9.50%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 8:30 pm

EXP

Eagle Materials (NYSE:EXP) has received diverse analyst ratings over the last three months, with a majority being bullish. Recent updates show an average 12-month price target of $239.83, marking a 12.86% increase from the previous target. The company's financial overview highlights a positive revenue trend, exceptional net margin, and strong ROE and ROA, despite challenges in debt management. Analysts from firms like Truist Securities, Citigroup, and Goldman Sachs have raised their price targets, reflecting optimism about the company's performance.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 8:00 pm