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.
Iridian Asset Management LLC more than doubled its stake in Lexmark International Inc (NYSE: LXK) according to a filing Wednesday.
Iridian, controlled by David L. Cohen and Harold J. Levy, now holds 6.4 million shares or a 10.4 percent stake in the laser printer manufacturer, according to a 13G filing for passive investments.
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!
That's up from 2.9 million Lexmark shares held by Iridian as of September 30.
Iridian says the "cornerstone" of its investing strategy is a focus on companies undergoing significant corporate change.
Lexmark recently named David Reeder chief financial officer, effective January 9. Its third-quarter earnings increased 13 percent on 3 percent revenue growth.
Lexmark expects to complete its slow exit of the inkjet printer business by the end of this year, in order to sharpen its focus on managed print services and software.
Top shareholders as of Lexmark's April proxy filing included Artisan Partners Holdings of Milwaukee at 8.8 percent and BlackRock, Inc. of New York at 7.4 percent.
Lexmark changed hands recently at $39.45, down 0.85 percent.
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.