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Ethereum's recent rally, driven by $187 million in short liquidations and significant whale accumulation, has positioned ETH for a potential surge to $4,000. Despite a slight decrease in retail investor activity, whale purchases and sustained ETF inflows indicate strong institutional interest. Currently trading at $3,901.59, ETH's trajectory remains uncertain amid mixed exchange flows and technical indicators suggesting short-term risks.
Bitcoin whales, holding over 1,000 BTC, now control 3.867 million BTC, reflecting growing institutional confidence despite recent volatility. As Bitcoin trades around $100,500, maintaining this level is crucial for potential upward momentum, with analysts closely monitoring whale activity for market signals.
A prominent figure from New York City's gilded yuppie era finds renewed recognition as he rings the bell to open the stock exchange. This moment is further highlighted by his selection as Person of the Year by Time, underscoring his enduring influence and appeal.
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the company. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
The stock market opened weakly as sellers took profits following the Nasdaq reaching the 20,000 milestone. However, several tech stocks, including Meta, Microsoft, Upstart, and Axon Enterprise, saw gains. Meanwhile, Arm is in the process of forming a new base.
POM Investment Strategies LLC now holds 377 shares of Exxon Mobil, valued at $43,000, after acquiring 340 additional shares. Hershey Financial Advisers LLC also entered a new position worth approximately $46,000. Analysts have mixed ratings on the stock, with a "Moderate Buy" consensus and a price target averaging $129.84. Recently, Exxon Mobil reported a quarterly EPS of $1.92, slightly beating estimates, but revenue fell 0.8% year-over-year.
Chainlink's (LINK) future open interest has surged to an all-time high of $770.27 million, coinciding with a price jump to $28.23, marking its highest level in two years. Significant whale and institutional purchases, including a $1 million acquisition by Trump's World Liberty Financial, have fueled this momentum. Analysts suggest that if LINK closes above $29.50, it could rise by 80% to reach its all-time high of $52.50, although a price correction may occur during this rally.
West Pharmaceutical Services (NYSE:WST) was upgraded by UBS Group from "neutral" to "buy," with a price target raised to $390, indicating a potential upside of 22.63%. The company reported Q3 earnings of $1.85 per share, surpassing estimates, despite a slight revenue decline year-over-year. Insiders and institutional investors have recently adjusted their holdings, with institutional ownership at 93.90%.
Advisors Asset Management Inc. increased its Nutanix holdings by 150.7% in Q3, owning 534 shares valued at $32,000, while Signaturefd LLC grew its position by 57.8% to 956 shares worth $57,000. Institutional investors hold 85.25% of Nutanix stock, which has a "Moderate Buy" rating and an average target price of $79.00. Recent insider sales included CFO Rukmini Sivaraman and COO David Sangster, who reduced their stakes.
Roche Holding AG's stock has received mixed ratings from analysts, with a current "Reduce" rating and a recent upgrade from Bank of America to "buy." Institutional investors have adjusted their stakes, with Saratoga Research & Investment Management reducing its holdings by 3.5%. Roche's stock opened at $36.00, with a 1-year range of $29.20 to $42.43.
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Ethereum rally gains momentum as whales accumulate and ETF inflows rise
10:12 13.12.2024
bitcoin whales accumulate as price hovers near critical resistance level
23:30 12.12.2024
celebrated figure rings stock exchange bell named time person of the year
21:04 12.12.2024
costco wholesale insider trading activity and hedge fund investments update
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20:27 12.12.2024
Tech stocks rise as sellers take profits after Nasdaq milestone
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exxon mobil sees institutional investment growth amid mixed analyst ratings
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chainlink price surges as open interest reaches record high
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west pharmaceutical services upgraded to buy with new price target of 390 dollars
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nutanix sees significant institutional investment growth and analyst upgrades
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roche holding ag faces mixed analyst ratings and institutional investment changes
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