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.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Groupon Inc (NASDAQ: GRPN) shares are trading higher by $0.71 at $8.17 in Friday's session. The catalyst for the rally is a better than expected earnings report ($0.06 vs. EST $0.03) on better than expected revenue ($925,42M vs EST ($909.29M).
In addition, Brean Capital, who had been negative on the stock since its IPO (peaked at $31.14) said it's "time to buy." The firm has a $10.00 price target for the issue.
Over the last eight trading sessions, it has formed a major support by placing all eight lows in a narrow range between $7.26 and $7.40.
In Friday's session, it reached $7.39 short after the open, and has climbed over $8.00 to $8.17 thus far. Groupon has not closed over $8.00 since January 2, when it ended that session at $8.02.
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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