Streetbeat News

RCAC

Revelstone Capital Acquisition Corp

Open

N/A

Mkt cap

58M

Volume

N/A

High

10.70

P/E Ratio

118.89

52-wk high

10.70

Low

10.70

Div yield

N/A

52-wk low

10.70

U.S. stocks saw gains with the Dow Jones rising by 50 points. Constellation Brands Inc (NYSE:STZ) reported Q3 earnings with higher-than-expected EPS but lower sales, leading to a reduced FY24 EPS outlook. AxoGen, Inc. (NASDAQ:AXGN) shares surged on positive preliminary revenue and CEO retirement news. Banzai International, Inc. (NASDAQ:BNZI) spiked after announcing a letter of intent to acquire IGLeads. Revelstone Capital Acquisition Corp. (NASDAQ:RCAC) saw a jump in shares after cancelling a special meeting for a business combination. Applied Therapeutics, Inc. (NASDAQ:APLT), agilon health, inc. (NYSE:AGL), and Medical Properties Trust, Inc. (NYSE:MPW) experienced significant share price drops due to negative clinical trial results, lowered financial outlook, and exposure reduction plans, respectively. Crude oil prices increased by 2.3%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 7:30 pm

Revelstone Capital Acquisition Corp. (RCAC) shares have risen following the cancellation of a special meeting intended to approve a business combination with Set Jet. The cancellation suggests that the deal may not proceed as planned, which could be driving investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:17 pm

Applied Therapeutics, Inc. (NASDAQ:APLT) shares plummeted by over 35% after announcing topline results from the ARISE-HF Phase 3 trial of AT-001, which did not meet its primary endpoint. Other stocks experienced significant movement in Friday's mid-day session, with various companies reporting gains due to positive updates, acquisitions, and earnings, while some faced declines due to negative guidance, downgrades, and public offerings.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 6:13 pm

U.S. stocks were mixed with the Dow Jones falling and NASDAQ rising. The ISM services PMI dropped to 50.6 in December, the lowest in seven months. Consumer discretionary shares led gains, while health care saw minimal increases. Dermata Therapeutics, Banzai International, and Revelstone Capital Acquisition saw significant stock increases due to positive company developments. Conversely, Applied Therapeutics, agilon health, and Medical Properties Trust experienced substantial stock declines following negative company news and analyst downgrades.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 5:11 pm

U.S. stocks opened higher following the release of positive jobs data, with the Dow, NASDAQ, and S&P 500 all seeing gains. The U.S. economy added 216,000 jobs in December, surpassing market estimates of 170,000, while the unemployment rate held steady at 3.7%. Communication services shares led gains, while real estate shares lagged. Ainos, Inc. (AIMD) and Banzai International, Inc. (BNZI) surged on specific company news, while Revelstone Capital Acquisition Corp. (RCAC) gained after canceling a business combination meeting. Conversely, Applied Therapeutics, Inc. (APLT), agilon health, inc. (AGL), and Medical Properties Trust, Inc. (MPW) saw significant declines due to negative company-specific news.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 2:50 pm

Revelstone Capital Acquisition Corp. (RCAC) has cancelled its special meeting initially scheduled for January 5, 2024, to approve the business combination with Set Jet, Inc. The meeting was intended to consider proposals in the definitive proxy statement/prospectus filed on December 13, 2023. The cancellation means that redemption requests for RCAC's Class A common stock will not be accepted until a new meeting date is set.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:33 pm

CarMax, Inc. (NYSE:KMX) shares rose by approximately 8% following its quarterly earnings report, which showed an EPS of $0.52, surpassing the consensus estimate of $0.44, despite a 5.5% year-on-year sales decline. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting investments, acquisitions, and regulatory updates that influenced their stock prices.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 6:01 pm

Set Jet and Revelstone Capital Acquisition Corp. have received effectiveness for their S-4 registration statement, a key step towards completing their previously announced proposed business combination.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:18 pm

Shares of Revelstone Capital Acquisition Corp. have resumed trading.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:51 pm

Set Jet, a membership-based private jet charter program, is set to go public through a merger with Revelstone Capital Acquisition Corp. (RCAC). The deal includes $18 million in fully committed financing from Coleman Group. The combined company will operate as Set Jet and plans to continue listing on the Nasdaq under the symbol SJET. The merger is expected to close in Q4 2023.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:05 pm

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