Streetbeat News

Stock Prices

WFC

A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor or institution, as indicated by a large position in the publicly available options history. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $36.0 to $55.0 for Wells Fargo over the last 3 months. HSBC has downgraded its action to Hold with a price target of $45.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:30 pm

VMAR

Vision Marine Technologies Inc. (NASDAQ:VMAR) has announced a private placement of 372,870 units at a purchase price of $4.05 per unit, expected to generate gross proceeds of approximately $1.5 million. Each unit consists of one common share and one common share purchase warrant, exercisable six months from issuance and expiring three years from issuance. The closing of the private placement is expected to occur on or about September 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:30 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 15 years, producing an average annual return of 10.51%. If an investor had bought $100 of TEL stock 15 years ago, it would be worth $435.57 today. The company currently has a market capitalization of $39.86 billion.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:30 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has outperformed the market over the past 10 years by 6.74% on an annualized basis, producing an average annual return of 16.84%. If an investor had bought $100 of MTD stock 10 years ago, it would be worth $472.96 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:30 pm

ZEV

The New York Stock Exchange (NYSE) has announced that it will begin delisting proceedings against Lightning eMotors, a company listed under the ticker symbol ZEV.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:24 pm

ELUT

Elutia has announced the sale of its Orthobiologics business unit to Berkeley Biologics LLC, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:21 pm

CPTN

Cepton has announced a 1-for-10 reverse stock split, which will be effective from September 21. This move is typically aimed at increasing the per-share price of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:20 pm

X

United States Steel Corporation (NYSE:X) has provided Q3 2023 adjusted net earnings per diluted share guidance of $1.10 to $1.15, higher than the estimated $1.01. The company expects Q3 2023 adjusted EBITDA to be approximately $550 million. The guidance reflects the expected impact of the United Autoworkers union strike and the company's strategic initiatives. The company also expects to end the third quarter with cash on hand of approximately $3 billion.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:18 pm

FNVT

Finnovate Acquisition Corp. has received a deficiency notice from Nasdaq due to a delay in filing its Form 10-Q. The company now has 60 days to submit a plan to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:16 pm

BABA

A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a majority of investors. Of the 93 unusual trades detected, 60% were bearish and 39% bullish. The total amount for puts was $4,817,476 and for calls was $1,870,425. Whales have been targeting a price range from $30.0 to $265.0 for Alibaba over the last 3 months. Susquehanna has downgraded its action to Positive with a price target of $160.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:15 pm