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TRSSF

TerrAscend Corp. plans to raise $15 million through two concurrent private placements, consisting of an equity offering of approximately $7.5 million and a debenture offering of approximately $7.5 million. The funds will be used for the company's proposed TSX listing, Maryland dispensary acquisitions, and general corporate purposes.

Portfolio Pulse from Vuk Zdinjak

June 21, 2023 | 2:34 pm

CLSK

CleanSpark Inc (NYSE:CLSK) has acquired two turnkey bitcoin mining facilities in Dalton, Georgia, for $9.3 million in cash. The facilities will add just under 1 exahash per second (EH/s) to CleanSpark's hashrate and host over 6,000 Antminer S19 XPs and S19J Pro+s.

Portfolio Pulse from Akanksha Bakshi

June 21, 2023 | 2:33 pm

LULU

Unusual options activity has been observed in Lululemon Athletica (NASDAQ:LULU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $380 to $440 for LULU over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:32 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading higher by 13.64% to $1.50 on heavy volume, following the company's recent update on its business optimization efforts. Nikola aims to lower its annual cash usage to below $400 million by 2024 and restructure its workforce, resulting in an anticipated annual cash savings exceeding $50 million.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 2:32 pm

DE

A whale has taken a bearish stance on Deere (NYSE:DE) with 60% of recent unusual options activity being bearish. The total amount for puts is $292,403, while calls amount to $196,917. Whales have been targeting a price range of $340 to $450 for Deere over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:31 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 10 years, producing an average annual return of 15.46% and a current market capitalization of $93.96 billion. A $1000 investment in ADI 10 years ago would be worth $4,255.96 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:30 pm

ADBE

Adobe (NASDAQ:ADBE) has outperformed the market over the past 10 years, producing an average annual return of 27.08%. If an investor had bought $1000 of ADBE stock 10 years ago, it would be worth $11,174.08 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:30 pm

BGNE

Beigene Ltd (NASDAQ:BGNE) shares are trading lower by 3.41% to $185.03 on downward momentum following Tuesday weakness. The decline is attributed to China's central bank cutting its one-year loan prime rate and five-year rate to stimulate the country's economic recovery.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 2:28 pm

SPY

Federal Reserve Chair Jerome Powell stated that it may be reasonable to increase interest rates at a more moderate pace, with a possible pause in June and a higher dot plot being 'entirely consistent'.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:28 pm

DIA

IWM

QQQ

SPY

Major indices are lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:26 pm