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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AGCO
One director recently has bought almost 309,000 shares of AGCO Corporation (NYSE: AGCO) at a prices ranging from $42.84 to $45.08, for a total of more than $13.6 million. The company lowered its earnings outlook earlier this month, but this director has been buying batches of shares since late September.The market cap of this Georgia-based agricultural equipment maker is around $4 billion. The dividend yield is about 1.0 percent. Note that short interest is more than 13 percent of the float. Shares ended Monday trading at $43.40, which is almost 8 percent lower than two weeks ago.See also: Making Money In The Stock Market Is Not ExcitingEnergy Transfer Equity
An Energy Transfer Equity LP (NYSE: ETE) director acquired more than $60 million worth of shares so far this month. That was around 1.1 million shares of the stock at prices of $49.01 to $53.55. The natural gas company saw an analyst upgrade last week.The market cap is about $31.4 billion and the dividend yield is near 2.6 percent. Its return on equity is more than 28 percent, but the price-to-earnings (P/E) ratio is sky high. Shares fell more than 23 percent in early October, but they have recovered much of that loss in the past week and closed Monday at $57.69.Opko Health
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Sears Holding
A fund manager has added nearly 107,000 shares of Sears Holding Corp (NASDAQ: SHLD) so far this month for a total of more than $2.7 million. Prices ranged from $25.31 to $29.11. The struggling retailer recently faced reports of vendor troubles and news of a data breach at Kmart.The market cap of this suburban Chicago company is near $3.7 billion. Both its return on equity and operating margin are in the red. The share price at Monday's close was at $34.96, after a jump of more than 23 percent in the wake of news of a rights offering. It looks like another well-timed buy.See also: Understanding Stock Market CyclesWalgreen
A director recently bought a total 1.25 million shares of Walgreen Company (NYSE: WAG) at prices of up to $62.80 apiece. That cumulatively was worth more than $77.3 million. News broke last week that a former Walgreen CFO is suing the company for defamation.The market cap of this specialty retailer is near $57.6 billion and the dividend yield is about 2.2 percent. Its long-term EPS growth forecast is more than 14 percent, but the P/E ratio is greater than the industry average. At $60.20, the share price is marginally higher than a month ago, but down more than 12 percent from the end of July.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.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.