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.
Atlas Energy
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Colfax
Last week, a director took advantage of the pullback following an earnings report with soft revenue to pick up 500,000 shares of Colfax Corp (NYSE: CFX) in a range of $46.12 to $47.62 apiece. That purchase totaled around $23.1 million. Note that the director's stake is 500,000 shares.This diversified industrial manufacturing and engineering company has a market cap near $6.4 billion. The price-to-earnings (P/E) ratio is less than the industry average, but short interest is almost 10 percent of the float. Shares closed Friday at $52.02, after rising almost 8 percent in the past week.Fifth Street Finance
The chief executive officer and two directors took advantage of a pullback in shares following a poor earnings report to buy more than 1.1 million shares combined of this asset manager. At a share prices ranging from $6.83 to $7.05, the transactions cost them more than $7.8 million altogether.Fifth Street Finance Corp.'s (NASDAQ: FSC) market cap is around $1.1 billion, and its dividend yield is near 13.7 percent. Its P/E ratio is less than industry average and its operating margin is greater than the industry average. At Friday's close of $7.23, shares are still down more than 9 percent year to date.Want Private Access to Benzinga Analyst?
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Gilead Sciences
Gilead Sciences, Inc.Intrexon
A director last week obtained more than 1.4 million shares of Intrexon Corp (NYSE: XON) for around $12.6 million. The per-share price was listed at just $8.75, compared to the price above $30 at the time. The same person also bought more than 550,000 shares at the end of January.The market cap of this West Palm Beach, Florida-based biotech company now is about $4 billion. It is expected to post net losses for both the just completed year and the current year, and short interest is more than 13 percent of the float. The share price at Friday's close was at $39.30.Manitowoc Company Settles With Carl IcahnMatthews International
One executive recently purchased 52,950 shares of Matthews International Corp (NASDAQ: MATW). At $47.67 apiece, that came to more than $2.5 million, and it brought the director's stake to almost 312,000 shares. Fourth-quarter earnings handily topped consensus estimates.This $1.6 billion market cap cemetery products and cremation services company has a long-term EPS growth forecast of about 11 percent. The forward earnings multiple is less than the trailing P/E ratio, and the dividend yield is near 1.1 percent. Shares ended Friday at $49.13, so it appears to be a timely buy.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.