Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Gainers
- MannKind Corporation (NASDAQ:MNKD) jumped 60.7 percent to $1.7678 after the developer of inhaled therapeutic products announced a new collaboration. As part of a new agreement with United Therapeutics Corporation (NASDAQ:UTHR), MannKind will develop initial commercial supplies of a dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension and receive an upfront payment of $45 million with another $50 million in potential milestone payments. In return, United Therapeutics will handle global development, regulatory and commercial activities.
- The9 Limited (NASDAQ:NCTY) shares surged 40.8 percent to $1.52 after Chairman and CEO Jun Zhu announced the purchase of $3M of the company's American depository shares under a buyback plan.
- TravelCenters of America LLC (NASDAQ:TA) shares jumped 35.6 percent to $5.90 after the company announced it will sell its Minit Mart convenience store business to EG Group for approximately $330.8 million.
- China Advanced Construction Materials Group, Inc. (NASDAQ:CADC) rose 21.3 percent to $4.85.
- Cadiz Inc. (NASDAQ:CDZI) gained 20.8 percent to $11.60.
- Recro Pharma, Inc. (NASDAQ:REPH) gained 17.6 percent to $7.50 after the company announced it plans to resubmit a New Drug Application (NDA) for postoperative pain management therapy, IV meloxicam.
- Monaker Group, Inc. (NASDAQ:MKGI) gained 15.4 percent to $2.42.
- R.R. Donnelley & Sons Company (NYSE:RRD) surged 14.4 percent to $5.79 after Buckingham research upgraded the stock to Buy and raised its price target to $8.
- Cronos Group Inc. (NASDAQ:CRON) rose 13.5 percent to $11.21 after the Canada-based cannabis company said it will produce cultured cannabinoids as part of a new partnership with Ginkgo Bioworks, an organism company.
- RADA Electronic Industries Ltd. (NASDAQ:RADA) gained 12.4 percent to $2.9784.
- CPI Card Group Inc. (NASDAQ:PMTS) shares rose 11.9 percent to $3.5354.
- Ocean Rig UDW Inc (NASDAQ:ORIG) climbed 11.6 percent to $30.23. Transocean Ltd. (NYSE:RIG) announced plans to acquire Ocean Rig UDW for approximately $2.7 billion in cash and stock.
- Ballard Power Systems Inc. (NASDAQ:BLDP) gained 11 percent to $3.93 after the company on Friday signed an agreement to divest its non-core power manager business for up to $16 million in cash.
- Tilray, Inc. (NASDAQ:TLRY) rose 11.1 percent to $72.46.
- Motus GI Holdings, Inc. (NASDAQ:MOTS) gained 10 percent to $7.0401.
- BG Staffing, Inc. (NASDAQ:BGSF) shares climbed 8.4 percent to $26.40.
- Superconductor Technologies Inc. (NASDAQ:SCON) shares gained 7.8 percent to $2.56.
- Chiasma, Inc. (NASDAQ:CHMA) rose 7.6 percent to $2.528.
- Bandwidth Inc. (NASDAQ:BAND) gained 7.6 percent to $49.00 after KeyBanc raised its price target on the stock from $45 to $64.
- Mesa Air Group, Inc. (NASDAQ:MESA) surged 7.3 percent to $14.8005. Cowen & Co. initiated coverage on Mesa Air Group with an Outperform rating, while Raymond James initiated coverage on the stock with a Strong Buy rating.
- Innovate Biopharmaceuticals, Inc. (NASDAQ:INNT) shares rose 7.2 percent to $7.63 after surging 36.14 percent on Friday.
- Medical Transcription Billing, Corp. (NASDAQ:MTBC) gained 5 percent to $4.545 after the company announced a cross marketing and selling partnership with Salus Telehealth.
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Check out these big penny stock gainers and losers
Losers
- Tahoe Resources Inc. (NYSE:TAHO) shares dipped 21.5 percent to $2.700 after a Guatemalan Constitutional Court reversed a court decision to reinstate the company's Escobal mining license; Mining license will remain suspended.
- Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) shares fell 16 percent to $21.01.
- Banco Macro SA (ADR) (NYSE:BMA) shares tumbled 13.1 percent to $37.94.
- Pampa Energia S.A. (ADR) (NYSE:PAM) shares fell 11.9 percent to $26.83.
- Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) shares dropped 11.8 percent to $19.86.
- Corporacion America Airports SA (NYSE:CAAP) shares fell 10.5 percent to $8.16.
- Conn's, Inc. (NASDAQ:CONN) shares dipped 10.4 percent to $36.7250. Conn's reported better-than-expected results for its second quarter.
- Zai Lab Limited (NASDAQ:ZLAB) declined 9.7 percent to $20.52. Zai Lab on Sunday announced a $150 million ADS offering.
- BBVA Banco Frances S.A. (ADR) (NYSE:BFR) shares dropped 9.4 percent to $7.74.
- Intellicheck Inc (NYSE:IDN) shares fell 9.2 percent to $1.97.
- Seagate Technology plc (NASDAQ:STX) fell 8.8 percent to $48.83. Evercore ISI Group downgraded Seagate from In-Line to Underperform and lowered the price target from $55 to $45.
- Cellect Biotechnology Ltd. (NASDAQ:APOP) fell 8.6 percent to $5.0763.
- Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) dropped 8 percent to $11.96.
- WPP plc (NYSE:WPP) fell 7.3 percent to $76.77 after reporting 2018 interim results.
- Transocean Ltd. (NYSE:RIG) shares fell 5.7 percent to $11.425 after the company announced plans to acquire Ocean Rig UDW Inc (NASDAQ:ORIG) for approximately $2.7 billion in cash and stock.
- Shoe Carnival, Inc. (NASDAQ:SCVL) dropped 4.2 percent to $42.63. Pivotal Research downgraded Shoe Carnival from Buy to Hold.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.