Streetbeat News

Stock Prices

LQR

LQR House has canceled all outstanding representative warrants held by EF Hutton designees to purchase shares, aiming to boost shareholder confidence. The company has also decided to halt further offerings and capital raises, focusing on expanding its e-commerce presence and forming marketing partnerships. LQR House has around $8 million in cash reserves and is prioritizing cash flow, business growth, and profitability. The canceled warrants were for 9,335,696 shares, with exercise prices between $5.00 and $0.07 per share. EF Hutton designees received $60,000 in compensation for the cancellation.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:54 pm

FOUR

Raymond James analyst John Davis has maintained an Outperform rating on Shift4 Payments (NYSE:FOUR) and increased the price target from $75 to $88.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:52 pm

BLUE

FDX

POL

Polished.com (POL) shares surged premarket after a Form PX14A6G was filed by shareholder Jerald Hammann, calling for collaborative action among shareholders. FedEx (FDX) shares fell after reporting disappointing Q2 financial results. bluebird bio (BLUE) announced a public offering of 83,333,333 common shares at $1.50 each, resulting in a 50% drop in its stock price.

Portfolio Pulse from ryanfaloona@benzinga.com

December 20, 2023 | 1:51 pm

MARA

Marathon Digital's stock (MARA) is trading higher following an upgrade in price target from $20 to $24 by HC Wainwright & Co, which also maintained a Buy rating on the shares.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:51 pm

RRC

Raymond James analyst John Freeman has maintained an Outperform rating on Range Resources (NYSE:RRC) but reduced the price target from $41 to $37.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:50 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) has entered into a privately negotiated exchange agreement to issue 3,348,723 shares of common stock in exchange for $25 million of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026. The shares were valued at $7.47 each. AMC also announced the launch of AMC-branded premium gourmet chocolate candies, 'AMC Cinema Sweets,' to be sold at its concession stands. The company is considering similar transactions in the future and plans to introduce more candy varieties in 2024. AMC shares were down 0.6% at $6.70 at the time of publication.

Portfolio Pulse from Adam Eckert

December 20, 2023 | 1:49 pm

UPS

United Parcel Service (UPS) shares are trading lower due to FedEx's weak Q2 financial results, as the market reacts to potential industry-wide implications.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:46 pm

FANG

Raymond James analyst John Freeman has maintained a Strong Buy rating on Diamondback Energy (NASDAQ:FANG) but has reduced the price target from $214 to $190.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:46 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) has acquired a 51% stake in La Rosa Realty Premier, a franchisee in Orlando, Florida. This follows their recent 100% acquisition of another franchisee, La Rosa Realty CW Properties. Realty Premier had a revenue of $2.7 million with positive net income in 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and is looking to acquire eight more franchises in the next 6-8 months, along with other real estate sector acquisitions. LRHC shares dropped 2.56% in premarket trading.

Portfolio Pulse from Vandana Singh

December 20, 2023 | 1:46 pm

BLND

Blend Labs' stock (BLND) is experiencing an uptick following an upgrade from Wells Fargo, which changed its rating from Equal-Weight to Overweight and increased the price target from $1.5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:44 pm