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.
Shares of China-based online brokerage firm Zhong Yang Financial Group (NASDAQ:TOP) are soaring Wednesday amid post-IPO volatility.
Zhong Yang offered 5 million shares of its common stock for $5 per share in its IPO on Wednesday, generating about $25 million in proceeds before deducting underwriting discounts and offering expenses.
Zhong Yang shares opened for trading at $25 per share before pulling back. The stock has been halted for volatility twice during Wednesday's trading session. The stock's low float appears to be the main driver of the increased volatility.
Zhong Yang is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures and options products.
See Also: Why Tellurian's Stock Is Sliding Today
TOP Price Action: Zhong Yang has traded between $12.60 and $27.50 on Wednesday.
The stock was up 306.93% at $20.35 at press time, according to data from Benzinga Pro.
Photo: StockSnap from Pixabay.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!