Streetbeat News

Stock Prices

DTCK

Davis Commodities Limited (NYSE:DTCK) is set to IPO on September 13, with shares expected to be priced between $4.00 and $4.50. The company, an agricultural commodity trading firm based in Singapore, will have an insider lock-up period of 180 days ending on March 11, 2024.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 3:00 pm

NTRS

Northern Trust's shares are trading lower as the company presents at the Barclays Global Financial Services Conference.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 3:00 pm

CRNX

Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) shares are trading higher after the company announced positive results from its Phase 3 PATHFNDR-1 study of investigational compound paltusotine. The company also announced a $250 million public offering of its common stock, with an additional $37.5 million option for underwriters. The proceeds will be used to fund the development of paltusotine and other R&D programs.

Portfolio Pulse from Erica Kollmann

September 12, 2023 | 2:56 pm

DIS

DKNG

The New York Jets' star quarterback Aaron Rodgers suffered an Achilles tendon injury during a game aired on ESPN and ABC, both units of The Walt Disney Company (NYSE:DIS). This has impacted the Jets' Super Bowl and playoff odds, affecting betting odds at sportsbooks, including DraftKings Inc (NASDAQ:DKNG). The Jets may look to the free agency market for a replacement quarterback.

Portfolio Pulse from Chris Katje

September 12, 2023 | 2:52 pm

COSM

Cosmos Health Inc (NASDAQ:COSM) has announced its inaugural 2026 revenue and EBITDA guidance, forecasting over $180 million in gross annual revenue and EBITDA in excess of $20 million. The company's CEO, Greg Siokas, stated that the projection was based on their long-term outlook to achieve substantial growth and profitability. The company's shares are up 16.20% at $1.15.

Portfolio Pulse from Vandana Singh

September 12, 2023 | 2:47 pm

TNON

Tenon Medical Inc (NASDAQ:TNON) has withdrawn its proposed public offering of common stock, leading to a 57% increase in its share price to $0.23. The decision was made to achieve the best value for stockholders, as the company believed the value of the company would not have been properly reflected in the proposed offering.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 2:46 pm

WEED

Shares of Listed Funds Trust Roundhill Cannabis ETF (BATS:WEED) are trading higher amid momentum in the cannabis sector due to recent developments in U.S. efforts to reschedule marijuana. The sector has been moving higher since Aug. 31 when the Department of Health and Human Services recommended the reclassification of marijuana from a Schedule I to Schedule III substance. The ETF's shares are moving higher on above-average trading volume, with more than 5,380 shares traded in the session, compared to the ETF's 100-day average of 4,221 shares.

Portfolio Pulse from Erica Kollmann

September 12, 2023 | 2:46 pm

COIN

Shares of Coinbase Global Inc (NASDAQ:COIN) are trading higher by 6.1% amid a rebound in the price of Bitcoin. This comes after major cryptocurrencies saw a sharp decline due to concerns about potential selling pressure from the bankruptcy of exchange FTX. FTX is preparing to liquidate $3.4 billion in crypto assets, with Galaxy Digital set to oversee the sale.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 2:44 pm

PALI

Palisade Bio Inc's shares are trading lower by 6.1% following the closure of a $2 million registered direct offering. The company sold 2,339,398 shares of common stock to institutional investors. The net proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 2:44 pm

GMBL

M

MDC

RUSHA

WSM

The article lists five value stocks in the consumer cyclical sector, including Rush Enterprises (RUSHA), M.D.C. Holdings (MDC), Esports Entertainment (GMBL), Williams-Sonoma (WSM), and Macy's (M). It provides their P/E ratios and recent earnings per share. It also mentions changes in their dividend yields. The article suggests that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 2:43 pm