Fears that selling pressure from bankruptcy redemptions from the estate of Mt. Gox will drive down the price of both and seem founded, according to a note from Kaixo Research. In addition to the roughly $9.5 billion in BTC the former exchange will return to its customers, Mt. Gox willContinue Reading
Drew Angerer/Getty Images News Liberty Global (NASDAQ:LBTYA) has evaluated selling a stake in Swiss telecom operator Sunrise ahead of a planned spin-off later this year. Conversations have occurred with investors including the Swiss family office on the topic, according to a Reuters report on Friday, which cited people familiar withContinue Reading
gorodenkoff Hedge funds’ momentum exposure is expected to decrease for the first time in six months, according to a Prime Insights & Analytics Chart Pack report. It is now in the 72nd percentile on a five-year lookback, compared to in the 91st percentile at the end of May, analysts headedContinue Reading
Torsten Asmus The North American and European regions are by far the most notionally net sold in June so far, according to data by Goldman Sachs. Although they are still net bought year-to-date, European equities (NYSEARCA:VGK), (FEZ) have been net sold each of the past three weeks. This suggests thatContinue Reading
ssuaphoto/iStock via Getty Images SM Energy (NYSE:SM) said Thursday it agreed to acquire oil and gas assets in Utah’s Uinta Basinfrom XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for $2.55B in cash, confirming earlier speculation. Northern Oil and Gas (NOG) will acquire 20% ofContinue Reading
The selling stockholders of Contango ORE (NYSE:CTGO) plan to offer and sell shares of common stock, the company disclosed in an SEC filing on Thursday. The company will not receive any proceeds from the sale of shares by the selling stockholder. The number of shares to be offered and soldContinue Reading
pichet_w As concerns about weakness in the semiconductor sector grow, hedge funds have continued to sell chip stocks and tech overall for most of the last month. Goldman’s Prime brokerage said Info Tech (NYSEARCA:XLK) was the most net sold sector last week, driven by short and long sales. Info TechContinue Reading
U.Today – It seems that ‘s selling pressure is through the roof again as the first cryptocurrency dropped below $65,000, with more than $140 million liquidated. However, the main source of selling pressure might not have been so obvious. Recent price action indicates that Bitcoin is having difficulty maintaining itsContinue Reading
