Streetbeat News

Stock Prices

SDC

SmileDirectClub has filed for Chapter 11 bankruptcy, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:44 pm

GOEV

Canoo has entered into a $45M convertible preferred stock purchase agreement with a foreign strategic institutional investor. The agreement could potentially be upsized to $150M. The investor has the right to convert its preferred stock into common stock at a conversion price of 120% of the average closing prices per share of the common stock over the preceding ten trading days. The company also issued warrants to the investor to purchase 22.96 million shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:39 pm

MOBV

MOBVU

Mobiv Acquisition Corp (NASDAQ:MOBV, MOBVU) has provided an update on its planned merger with SRIVARU Holding Limited, a provider of premium electric motorcycles. Post-merger, Mobiv's common stock and warrants will convert into ordinary shares and warrants of SRIVARU, which are expected to trade on Nasdaq under the new ticker symbols 'SVMH' and 'SVMHW'. Shareholders who reverse their redemption by the deadline will be entitled to a pro-rata share of the additional 2,500,000 SRIVARU ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:38 pm

VTRS

Viatris has announced that it has received an offer for the divestiture of most of its OTC business. The company has also entered into definitive agreements to divest its Women's Healthcare business and API business in India. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:37 pm

INBS

Intelligent Bio Solutions has announced the pricing of its $4M underwritten public offering at $0.55 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:36 pm

ANF

ARDX

AWK

CAT

FUBO

XOM

Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' recommended buying Caterpillar Inc. (CAT), Abercrombie & Fitch Co. (ANF), Exxon Mobil Corporation (XOM), and American Water Works Company, Inc. (AWK). He referred to Ardelyx, Inc. (ARDX) as a 'speculative stock' and advised against investing in fuboTV Inc. (FUBO).

Portfolio Pulse from Priya Nigam

October 02, 2023 | 12:34 pm

K

Kellanova has completed the spin off of its cereal division, WK Kellogg. Kellanova shareholders will receive 1 share of WK Kellogg for each Kellanova share owned, which has led to a decrease in Kellanova's share price.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:32 pm

PODD

Jefferies has upgraded Insulet's stock from Hold to Buy, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:30 pm

AMC

CNK

AMC Entertainment Holdings Inc and Parkwood Entertainment have announced that Beyoncé's 'Renaissance World Tour' will be released in movie theaters globally by AMC Theatres Distribution. The concert movie will be released in the U.S., Canada, and Mexico on Dec. 1, 2023. Cinemark Holdings Inc also announced that the concert film will be screened at all its U.S. theaters. AMC shares are trading higher by 1.63% in premarket.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 12:29 pm

DHR

Danaher Corporation has spun off its Veralto division, causing its shares to trade lower. Danaher shareholders received 1 share of Veralto for every 3 shares of Danaher they own.

Portfolio Pulse from Luke J Jacobi

October 02, 2023 | 12:26 pm