Streetbeat News

Stock Prices

FTTUSD

SOLUSD

Solana (CRYPTO: SOL) has experienced a 17% rally in the past 24 hours, driven by optimism about the blockchain's prospects. However, concerns about potential market dumps arise due to FTX (CRYPTO: FTT) and Alameda Research transferring 13.22 million SOL to exchanges and possibly holding 2 million SOL for liquidation. Despite this, Solana's strong fundamentals and a gradual unlock schedule of 40.5 million SOL by 2025 are keeping investor sentiment bullish. The token's price has surged 550% since FTX's bankruptcy, showing strong demand despite the association with FTX.

Portfolio Pulse from Murtuza Merchant

December 22, 2023 | 2:21 pm

BMY

KRTX

Bristol Myers Squibb & Co (NYSE:BMY) has agreed to acquire Karuna Therapeutics Inc (NASDAQ:KRTX) for $330.00 per share, totaling $14 billion in equity value. Karuna's lead asset, KarXT, is an antipsychotic drug for schizophrenia and is under FDA review with a decision expected by September 26, 2024. KarXT is also being tested for other conditions, including Alzheimer's disease psychosis. The deal is anticipated to close in the first half of 2024 and is expected to be dilutive to Bristol Myers' non-GAAP EPS by $0.30 in 2024. KRTX shares surged 48.80% to $320.30, while BMY shares fell 0.41% to $51.05 in premarket trading.

Portfolio Pulse from Vandana Singh

December 22, 2023 | 2:19 pm

CYCC

CYCCP

Cyclacel Pharmaceuticals, Inc. has announced a registered direct offering of 388,200 shares and a private placement of 7,956 shares, both at $3.315 per share. Additionally, warrants to purchase up to 396,156 shares at $3.19 per share are being issued. The closing is expected around December 26, 2023, with Ladenburg Thalmann & Co. Inc. as the placement agent.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:19 pm

ECX

ECARX Holdings Inc. (NASDAQ:ECX) has announced a strategic partnership with Black Sesame Technologies to develop advanced ADAS solutions and integrate their R&D, product, and technical resources. This collaboration is expected to drive business growth and solution deployment for both companies. ECARX will also share supply chain information with Black Sesame, enhancing collaboration with various vehicle brands. ECARX's products are currently in over 5.6 million vehicles globally. Additionally, ECARX has partnered with Black Sesame and BlackBerry Limited (NYSE:BB) to deploy the Skyland ADAS platform in Lynk & Co's flagship SUV. ECX shares closed lower by 1.15% at $2.570 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 2:16 pm

TSLA

RBC Capital analyst Tom Narayan has reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and maintained a price target of $300.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:15 pm

AAPL

BTCUSD

HOOD

LULU

MARA

MCD

NFLX

NKE

RKLB

TSLA

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of December 22, 2023. The list includes MARA, NKE, NFLX, AAPL, TSLA, HOOD, LULU, MCD, $BTC, and RKLB.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:11 pm

DSKE

Trading in shares of Daseke (DSKE) has been halted pending the release of significant news from the company.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:08 pm

SEZL

Sezzle Inc. has announced a $5 million stock repurchase program, signaling the Board's belief that the current share price undervalues the company. CEO Charlie Youakim emphasized the move as a step towards maximizing shareholder value, indicating confidence in the company's performance and considering the repurchase a suitable use of capital resources.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:03 pm

DSKE

TFII

Daseke, Inc. is set to be acquired by TFI International Inc. Under the agreement, Daseke shareholders will receive $8.30 per share in cash. This acquisition is a significant move in the transportation and logistics industry, providing a cash-out option for Daseke's shareholders at a fixed price per share.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:03 pm

KMX

RBC Capital analyst Steven Shemesh has maintained an Outperform rating on CarMax (NYSE:KMX) and increased the price target from $80 to $83.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:03 pm