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.
U.S. stock markets were mixed on Wednesday trading, as losses in energy and consumer goods stocks counterbalanced the post-earnings gains witnessed in the tech segment, and investors digested the Fed’s decision to, once again, stay put on interest rates.
After the market closed, Groupon Inc (NASDAQ: GRPN) reported its second quarter results, sending the stock up more than 24 percent. A net loss of ($0.01) per share was $0.01 smaller than expected, while revenue of $756 million came in well ahead of the $711 million consensus. Also helping the stock were the more than 1 million new customer ads, and an updated guidance. Management said it now expects full year revenue between $3 billion and $3.1 billion, mostly surpassing estimates of $3 billion, and EBITDA between $140 million and $165 million, versus consensus at $120 million.
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Also up big in after-hours was Student Transportation Inc (NASDAQ: STB), which gained more than 32 percent since the bell rang, driven by the announcement of two transactions. First off, the company announced a c$85 million bought deal offering of convertible unsecured subordinated debentures, lowering, which will result in lower interest expenses. On the other hand, the small cap amended and increased its senior credit facility from $225 million to $340 million, extending it for a five-year period, to 2021.
Opposite was the case of Argos Therapeutics Inc (NASDAQ: ARGS), which plummeted more than 19.3 percent since the market closed, following the announcement of a proposed public offering of common stock and warrants.
In addition to these movers, Wednesday’s after-hours session saw several stocks fluctuating on its earnings reports. Among them were:
- GoPro Inc (NASDAQ: GPRO), down about 0.9 percent.
- Facebook Inc (NASDAQ: FB), up 6.5 percent.
- Whole Foods Market, Inc. (NASDAQ: WFM), down 4 percent.
- Cirrus Logic, Inc. (NASDAQ: CRUS), up 14.2 percent.
- Marvell Technology Group Ltd. (NASDAQ: MRVL), up 5 percent.
- O'Reilly Automotive Inc (NASDAQ: ORLY), down 1.5 percent.
- Cheesecake Factory Inc (NASDAQ: CAKE), up 1.7 percent.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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.