March 14, 2016 12:14 PM | 2 min read |
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.
Midway through trading Monday, the Dow traded down 0.04 percent to 17,206.74 while the NASDAQ gained 0.01 percent to 4,748.83. The S&P also fell, dropping 0.30 percent to 2,016.19.
Leading and Lagging SectorsOn Monday, cyclical consumer goods & services shares gained by 0.24 percent. Top gainers in the sector included
Kandi Technologies Group Inc (NASDAQ: KNDI),
Park-Ohio Holdings Corp. (NASDAQ: PKOH), and
Lifetime Brands Inc (NASDAQ: LCUT). In trading on Monday, energy shares dipped by 1.43 percent. Meanwhile, top losers in the sector included
TravelCenters of America LLC (NYSE: TA), down 15 percent, and
Peabody Energy Corporation (NYSE: BTU), down 18 percent.
Top Headline The Fresh Market Inc (NASDAQ: TFM) agreed be acquired by
Apollo Global Management LLC (NYSE: APO) for $28.50 per share in cash.In an approximately $1.4 billion in cash buyout, shareholders are set to receive $28.50 per share. This calculates to an approximately 53 percent premium over the February 10 closing price and an approximately 24 percent premium over last Friday's closing price.
Equities Trading UP GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) shares shot up 121 percent to $84.99 after the company announced positive Phase III data on Epidiolex. The study found that the drug significantly reduced seizures in children suffering from Dravet Syndrome, a condition for which there are currently no FDA-approved treatments.Shares of
Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) got a boost, shooting up 66 percent to $13.99. Zynerba reported a Q4 loss of $0.62 per share on revenue of $49,000.
3D Systems Corporation (NYSE: DDD) shares were also up, gaining 25 percent to $14.45. 3D Systems reported Q4 adjusted earnings of $0.19 per share on revenue of $183.4 million.
Equities Trading DOWN NQ Mobile Inc (ADR) (NYSE: NQ) shares dropped 18 percent to $3.79 after the company issued an update on the FL Mobile divestment. NQ Mobile is expected to report Q4 financial results on March 21, 2016.Shares of
Harte Hanks Inc (NYSE: HHS) were down 23 percent to $2.80. Harte Hanks entered into a new $110 million credit facility over 5 years.
TravelCenters of America LLC (NYSE: TA) was down, falling around 15 percent to $8.04. TravelCenters of America reported a Q4 loss of $0.04 per share on revenue of $1.35 billion.
CommoditiesIn commodity news, oil traded down 3.77 percent to $37.05, while gold traded down 0.11 percent to $1,245.40. Silver traded down 0.74 percent Monday to $15.49, while copper fell 0.29 percent to $2.23.
EurozoneEuropean shares were mostly higher today. The eurozone's STOXX 600 rose 0.72 percent, the Spanish Ibex Index rose 0.62 percent, while Italy's FTSE MIB Index fell 0.40 percent. Meanwhile, the German DAX climbed 1.49 percent, and the French CAC 40 surged 0.28 percent, while U.K. shares rose 0.65 percent.
EconomicsThere were no major US economic releases Monday.
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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