Benzinga Mid-Day Market Update


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.


Mid way through trading Friday, the Dow was up about 0.24 percent, or roughly 33.24 points. The NASDAQ rose about 0.44 percent, or 14.09 points, while the S&P traded up 0.27 percent, decreasing 3.97 points.Merrimack Pharmaceuticals (NASDAQ: MACK) got a boost Friday with share prices rising 10.76 percent, trading around $10.40.Halozyme Therapeutics (NASDAQ: HALO) was also on the rise, rocketing up 29.03 percent to $8.27 following positive news on its Cinryze drug.Skyworks Solutions (NASDAQ: SWKS) also got a boost, after it took a hit yesterday following its presentation to analysts. Shares traded up 2.92 percent around $24.73.Shares of Rock-Tenn (NYSE: RKT) rose 2.36 percent in early trading to $68.95.VIVUS (NASDAQ: VVUS) took a beating in early trading, falling 11.41 percent to $21.01 Friday following after announcing it does not believe its Qsiva marketing will be approved.Cooper Tire & Rubber (NYSE: CTB) continued its fall mid way through the day Friday, dropping 10.22 percent to $19.74 following a KeyBanc Capital Markets downgrade to a Hold rating.Celanese Corporation (NYSE: CE) dropped 3.50 percent to $40.56 after Wells Fargo downgraded them from Outperform to Market Perform.In tech news, Apple (NASDAQ: AAPL) released its iPhone 5 in stores today, which CNBC stated was the largest consumer electronic release of all time. Mid way through the day Friday, shares of Apple traded up 0.82 percent around $704.43.Friday was light on economic news as there were no economic releases of note.

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.


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