Streetbeat News

Stock Prices

GRBK

Green Brick Partners, Inc. (GRBK) has announced the pricing of a secondary offering of 850,000 shares of its common stock held by an investment fund at $45.75 per share. The shares are beneficially owned by an affiliate of Greenlight Capital, Inc. Green Brick will not receive any proceeds from the sale. The offering is expected to close on September 8, 2023. Goldman Sachs & Co. LLC is the book-running manager for the offering.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:46 pm

SAIC

Science Applications International Corp (SAIC) reported better than expected Q2 results and raised its FY24 guidance. However, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:46 pm

GME

GameStop Corp (NYSE:GME) reported a 2.5% YoY increase in Q2 sales to $1.16 billion, beating the consensus estimate of $1.14 billion. The company also reported a quarterly loss of 3 cents per share, better than the estimated loss of 14 cents per share. GameStop ended the quarter with $1.195 billion in cash, equivalents and marketable securities. The company's stock was down 1.92% at $18.40 at the time of publication.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 12:46 pm

BABA

FXI

KWEB

Alibaba Group Holding Limited (BABA) stock is trading lower in line with the broader indexes IShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) due to China's declining exports and imports in August. Meanwhile, Alibaba's map app Amap has expanded its coverage to overseas territories, leveraging China's domestic Beidou satellite navigation system.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 12:45 pm

BRC

GIC

JOB

RBA

VRTV

The article lists five industrials stocks that are considered overbought, indicating they may underperform in the short term. These include Brady Corporation (BRC), Global Industrial Company (GIC), GEE Group Inc. (JOB), Veritiv Corporation (VRTV), and RB Global, Inc. (RBA). All companies have reported better-than-expected results in their recent quarters, but their high Relative Strength Index (RSI) values suggest they are overvalued.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:44 pm

VRNT

Verint Systems Inc. (NASDAQ:VRNT) reported weaker-than-expected Q2 results, with earnings of 48 cents per share and sales of $210.41 million, both below market expectations. Following the announcement, Verint shares dipped 16.8% in pre-market trading. Several analysts, including those from Needham, RBC Capital, Evercore ISI Group, and Oppenheimer, adjusted their price targets and ratings for Verint.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:44 pm

PALI

Palisade Bio, Inc. (NASDAQ:PALI) has announced a registered direct offering of 2,339,398 shares of common stock for gross proceeds of $1,965,094.32. The company intends to use the net proceeds for working capital and general corporate purposes. The closing of the offering is expected to take place on or about September 11, 2023.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:42 pm

AREB

CBAY

WHLR

Wheeler Real Estate Investment Trust (WHLR) posted Series D redemption forms on its website, causing its stock to surge by 135%. American Rebel Holdings (AREB) shares rose by 81% premarket after its subsidiary Champion Safe received a high volume of calls from customers seeking alternatives to Liberty Safe products. CymaBay Therapeutics (CBAY) announced that its drug Seladelpar achieved high statistical significance in a Phase 3 trial, leading to a 31% increase in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 07, 2023 | 12:41 pm

CBAY

CymaBay's shares are trading higher following the release of topline results from its Phase 3 pivotal RESPONSE study of seladelpar in primary biliary cholangitis.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:39 pm

TTC

Toro Company has revised its FY23 net sales forecast, now expecting similar to slightly higher sales than the prior fiscal year. This is a change from its previous forecast of a 7%-8% growth in net sales.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:38 pm