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.
Shares of St. Jude Medical, Inc. (NYSE: STJ) were trading lower by more than 3 percent after the company warned the public that some of its heart devices could be at risk of premature battery depletion.
The warning is completely unrelated to prior allegations by Muddy Waters and MedSec Holdings, which alleges St Jude's devices could be vulnerable to cyber hacks.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Jim Cramer said that St. Jude is a "very responsible company." However, this warning does call into question what affect, if any, it would have on St. Jude's pending merger with Abbott Laboratories (NYSE: ABT).
Cramer recalled Muddy Waters' short thesis against St. Jude and pointed out that these allegations "didn't break the deal." Nevertheless, the battery warning is indeed something that Abbot will have to "take a hard look at" since there could be a damage to the company's reputation. Patients could be left wondering now if they have a "good" or "bad" device implanted.
Cramer's cautious tone is likely felt among investors as shares of Abbott were trading lower by more than 4 percent Tuesday.
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.