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SPY

USO

The American Petroleum Institute (API) reported a weekly crude oil stock decrease of 0.797 million barrels, which is less than the estimated decrease of 2.25 million barrels. The prior week's decrease was 3.026 million barrels.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:36 pm

SEV

Sono Group has received a notice of delisting from Nasdaq. The company has requested a hearing before the Nasdaq Hearings Panel to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:33 pm

UPTD

TradeUP Acquisition Corp. (NASDAQ:UPTD) has extended the deadline for its initial business combination from July 19, 2023 to August 19, 2023. The company has deposited $37,432.70 into its trust account, representing $0.05 per share that is not redeemed by the company's stockholders. The payment was made by Estrella Biopharma, Inc., pursuant to the Merger Agreement entered on September 30, 2022.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:31 pm

NUE

A significant bearish stance has been taken on Nucor (NYSE:NUE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. Whales have been targeting a price range from $150.0 to $210.0 for Nucor over the last 3 months. The price of NUE is up 2.3% at $171.28. Exane BNP Paribas upgraded its action to Outperform with a price target of $191, Morgan Stanley downgraded its action to Equal-Weight with a price target of $148, and Credit Suisse maintained their Outperform rating on Nucor with a price target of $167.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:31 pm

PLTR

A significant amount of unusual options activity has been observed for Palantir Technologies (NYSE:PLTR), indicating a bullish stance by a large investor or institution. The activity includes 71 uncommon options trades, with a split sentiment of 50% bullish and 49% bearish. The targeted price range for Palantir over the last 3 months is from $7.0 to $26.0. The price of PLTR is currently up 3.88% at $18.07. Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:30 pm

AMRN

Trading of Amarin Corporation's shares will resume at 4:45 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:29 pm

HPK

HighPeak Energy Inc (NASDAQ:HPK) announced a public offering of its common stock, intending to use the net proceeds for working capital and to enhance its near-term liquidity position. The pricing and size of the offering have not been announced. Following the announcement, HighPeak shares were down 12.2% after hours at $11.30.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 8:27 pm

SRT

CSP Management Ltd has submitted a proposal to Startek's board to acquire all of Startek's shares of common stock at $3.80 per share in cash. The offer was submitted by CSP EAF II GP Limited, as General Partner of CSP Fund II LP (CSP EAF).

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:25 pm

EXR

LSI

Extra Space and Life Storage stockholders have overwhelmingly approved the merger between the two companies. More than 99.9% of Extra Space votes and 99.7% of Life Storage votes were in favor of the merger. Upon completion, Life Storage stockholders will receive 0.895 of a newly-issued share of Extra Space common stock for each share of Life Storage common stock they own. The transaction is expected to close on July 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:22 pm

AUR

Aurora has announced a proposed public offering of $200M and a concurrent private placement of $600M of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:17 pm