Streetbeat News

Stock Prices

CYBN

DMTTF

Cybin Inc. (NYSE:CYBN) is set to acquire Small Pharma Inc. (TSXV:DMT) (OTCQB:DMTTF) in an all-share transaction. Small Pharma shareholders will receive 0.2409 common shares in Cybin for each Small Pharma share held, implying a consideration of approximately $0.10 per Small Pharma share. The combined entity will hold the most extensive intellectual property portfolio in the psychedelic drug development sector, with 28 granted patents and 158 pending. The acquisition is expected to close in late October 2023.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:52 pm

BYDDY

JBL

TSLA

VWAGY

XPEV

Chinese EV manufacturers XPeng and BYD have announced strategic acquisitions. XPeng will purchase Didi Global Inc.'s smart-car development business, while BYD's electronics unit will acquire Jabil Inc's mobile electronics manufacturing business in China. BYD also reported record deliveries and a 204.7% rise in profit for the first half of the year. XPeng's shares rose 5.5% in pre-market trading following the announcement.

Portfolio Pulse from Upwallstreet

August 28, 2023 | 2:50 pm

CCOI

JFIN

LILAK

LSXMK

Benzinga Insights has identified five value stocks in the communication services sector that may be worth watching. These include Liberty SiriusXM Gr (LSXMK), Cogent Comms Hldgs (CCOI), Scienjoy Holding (SJ), Jiayin Gr (JFIN), and Liberty Latin America (LILAK). The selection is based on the price-to-earnings (P/E) multiple, a common measure of value. The report also includes recent earnings per share data for each company.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:47 pm

A significant bullish stance has been taken on Block (NYSE:SQ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 72% bullish and 27% bearish. The price target for Block, based on Volume and Open Interest, ranges from $50.0 to $125.0. The current price of SQ is $56.13, up 0.48%. Analysts' ratings vary, with JP Morgan maintaining an Overweight rating and a price target of $75, while Wedbush has downgraded its action to Neutral with a price target of $70.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:46 pm

A significant investor has taken a bullish stance on Boeing (NYSE:BA), with 62% of the investors opening trades with bullish expectations and 37% with bearish. The whales have been targeting a price range from $190.0 to $260.0 for Boeing over the last 3 months. The price of BA is up 0.76% at $225.1. The next earnings are expected to be released in 58 days.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:46 pm

AIRS

APRN

BRCC

GETY

GROV

IDAI

JUPW

OCEA

VCIG

VTGN

The article lists potential short squeeze stocks to watch, including Getty Images Holdings, Blue Apron Holdings, VistaGen Therapeutics, T-Stamp Inc, Ocean Biomedical Inc, Grove Collaborative Holdings, Jupiter Wellness Inc, AirSculpt Technologies, VCI Global Limited, and BRC Inc. The ranking is based on factors such as high short interest and steep borrowing costs.

Portfolio Pulse from Chris Katje

August 28, 2023 | 2:45 pm

ABVC

BNTX

KERN

QNRX

SPOK

The article identifies five value stocks in the healthcare sector: Spok Holdings (SPOK), ABVC BioPharma (ABVC), BioNTech (BNTX), Akerna (KERN), and Quoin Pharmaceuticals (QNRX). These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides updates on each company's recent earnings per share and notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:45 pm

ESI

Element Solutions (NYSE:ESI) announced it will pay a quarterly dividend of 8 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 8 cents lower. Shareholders owning ESI by the end of Wednesday's session will be eligible for the dividend, which will be paid out on September 15, 2023.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:45 pm

RPT

THRN

Several US stocks recorded gains on Monday, with Hersha Hospitality Trust (HT) leading the pack with a 56.5% increase after announcing a merger with KSL Capital Partners. Hawaiian Electric Industries (HE) saw a 41.8% jump following its response to a lawsuit filed by the County of Maui. Thorne HealthTech (THRN) rose 29.3% after agreeing to be acquired by L Catterton. RPT Realty (RPT) climbed 20% after Kimco Realty agreed to acquire it. Other notable gainers include VinFast Auto (VFS), BrightView Holdings (BV), Betterware de México (BWMX), Dingdong (DDL), Aehr Test Systems (AEHR), Carvana (CVNA), NWTN Inc. (NWTN), Jabil Inc. (JBL), Tencent Music Entertainment Group (TME), Novavax (NVAX), Applied Optoelectronics (AAOI), and Boston Scientific Corporation (BSX).

Portfolio Pulse from Lisa Levin

August 28, 2023 | 2:44 pm

AAPL