May 16, 2016 12:06 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 up 0.64 percent to 17,647.80 while the NASDAQ surged 0.81 percent to 4,756.09. The S&P also rose, gaining 0.63 percent to 2,059.54.
Leading and Lagging Sectors Basic materials shares rose around 2.02 percent in trading on Monday. Top gainers in the sector included
Bill Barrett Corporation (NYSE: BBG),
Newpark Resources Inc (NYSE: NR), and
Approach Resources Inc. (NASDAQ: AREX). In trading on Monday, utilities shares slipped by 0.1 percent. Meanwhile, top losers in the sector included
Companhia Paranaense de Energia (ADR) (NYSE: ELP), down 3 percent, and
TransAlta Corporation (USA) (NYSE: TAC), down 2 percent.
Top Headline Pfizer Inc. (NYSE: PFE) announced plans to buy
Anacor Pharmaceuticals Inc (NASDAQ: ANAC) for $99.25 per share in cash.The total transaction value, net of cash, is estimated to be approximately $5.2 billion, which assumes the conversion of Anacor's outstanding convertible notes.
Equities Trading UP Tribune Publishing Co (NYSE: TPUB) shares shot up 22 percent to $14.00 as
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(NYSE: GCI) increased its offer to buy Tribune Publishing to $15 per share from $12.25 per share.Shares of
Anacor Pharmaceuticals Inc (NASDAQ: ANAC) got a boost, shooting up 55 percent to $99.04 after the company agreed to be acquired by
Pfizer Inc. (NYSE: PFE) for $99.25 per share.
Nanosphere, Inc. (NASDAQ: NSPH) shares were also up, gaining 68 percent to $1.31 after the company agreed to be acquired by
Luminex Corporation (NASDAQ: LMNX) for $1.35 per share.
Equities Trading DOWN Aduro BioTech Inc (NASDAQ: ADRO) shares dropped 25 percent to $8.04 after the company reported that its Phase 2b ECLIPSE trial has missed primary endpoint. Shares of
Versar Inc. (NYSE: VSR) were down 35 percent to $1.65. Versar reported a Q3 loss of $1.34 per share on revenue of $36.5 million.
Breitburn Energy Partners LP (NASDAQ: BBEP) was down, falling around 70 percent to $0.0579 as the company filed for Chapter 11 bankruptcy protection.
Commodities In commodity news, oil traded up 2.49 percent to $47.36 while gold traded up 0.36 percent to $1,277.30. Silver traded up 0.48 percent Monday to $17.22, while copper rose 0.82 percent to $2.09.
Eurozone European shares were mostly lower today. The eurozone's STOXX 600 dropped 0.04 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index gained 0.23 percent. The French CAC 40 declined 0.34 percent while U.K. shares rose 0.07 percent.
Economics The Empire State general business conditions index dropped to negative 9.02 in May, compared to positive 9.56 in April. However, economists were expecting a reading of positive 6.50.The NAHB housing market index was unchanged at 58 in May. However, economists were projecting a reading of 59.
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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