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LTEA

Long Blockchain Corp.

$5.10

0.61 (13.59%)

, SSC

Seven Stars Cloud Group

$4.61

-0.17 (-3.56%)

13:58
01/02/18
01/02
13:58
01/02/18
13:58

Long Blockchain Corp. continues meteroic rise after adding board members

Shares of Long Blockchain Corp. (LTEA) are jumping today after announcing earlier that it has appointed two new members to its board. NEW DIRECTORS: Long Blockchain Corp., formerly Long Island Iced Tea Corp., announced earlier today the appointment of Shamyl Malik, Global Head of Trading at Voltaire Capital, and Som Ghosh, a technology entrepreneur with experience in blockchain technology, to its board of directors. These appointments are nominees of the lender in the company's recently announced convertible debt facility and are consistent with the company's previously announced plan to shift its primary corporate focus towards blockchain technology. SHIFT TO DIGITAL CURRENCY TECHNOLOGY: On December 21, the former Long Island Iced Tea said it is shifting its primary corporate focus towards the exploration of and investment in opportunities that leverage the benefits of blockchain technology. In connection with the shift in strategic direction, the company announced it was changing its name Long Blockchain Corp. The company said at the time that it will continue to operate Long Island Brand Beverages as a wholly-owned subsidiary and maintain the focus of this business on the ready-to-drink segment of the beverage industry. BLOCKCHAIN MANIA: In late December, Seven Stars Cloud Group (SSC) announced a 27% purchase of The Delaware Board of Trade Holdings, a blockchain-based alternative trading system fully licensed by the SEC, for 1,627,869 shares of SSC common stock. Additionally, on December 15, Longfin (LFIN) announced the acquisition of Ziddu.com, a blockchain-empowered solutions provider that offers microfinance lending against collateralized warehouse receipts in the form of Ziddu Coins. A Ziddu Coin is a smart contract that enables SMEs, processors, manufacturers, importers and exporters using cryptocurrencies across continents. Following the announcement, shares of Longfin rose. On October 4, Bioptix announced it was changing its name to Riot Blockchain (RIOT) in line with a shift in direction to become a strategic investor and operator in the blockchain ecosystem with a focus on bitcoin and Ethereum. BECOMING WORRISOME: According to December 21 Reuters article, Michael Antonelli, managing director at Robert W. Baird in Milwaukee, said, "There's been a continued surge of crypto headlines. It's gotten more worrisome as more companies have changed their names. It's the kind of stuff you saw back in the dot-com era." PRICE ACTION: Shares of Long Blockchain Corp. are up 19% to $6.07 per share in afternoon trading.

LTEA

Long Blockchain Corp.

$5.10

0.61 (13.59%)

SSC

Seven Stars Cloud Group

$4.61

-0.17 (-3.56%)

LFIN

Longfin

$56.30

1.05 (1.90%)

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SAP

SAP

$112.47

-0.73 (-0.64%)

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VZ

Verizon

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0.895 (1.72%)

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Bold pre-earnings play in Verizon »

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EADSY

Airbus

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Boeing

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2.7261 (0.81%)

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Air Lease CEO: Airbus planning response to new Boeing jet, Reuters says »

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EADSY

Airbus

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AL

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Stephens enterprise software analyst holds analyst/industry conference call »

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ADP

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Microsoft

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Oracle

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Paycom

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Paylocity

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Ultimate Software

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HBI

Hanesbrands

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Hanesbrands puts and calls drawing interest Monday »

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INTC

Intel

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0.66 (1.47%)

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Intel found root cause for Broadwell and Haswell platform issues »

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QD

Qudian

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Options
Qudian Inc call volume above normal and directionally bullish »

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INTC

Intel

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Breaking Hot Stocks news story on Intel »

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INTC

Intel

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0.34 (0.76%)

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BAC

Bank of America

$31.76

0.04 (0.13%)

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Bank of America eliminates remaining free-checking eBanking accounts, WSJ says »

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MS

Morgan Stanley

$57.02

-0.44 (-0.77%)

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Breaking Hot Stocks news story on Morgan Stanley »

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CAR

Avis Budget

$45.78

2.43 (5.61%)

12:35
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Avis Budget put volume heavy and directionally bearish »

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AKTX

Akari Therapeutics

$3.59

-0.01 (-0.28%)

12:30
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Conference/Events
Akari Therapeutics management to meet with William Blair »

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UBS REITs analyst holds an analyst/industry conference call »

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OMER

Omeros

$16.70

-0.02 (-0.12%)

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SPY

SPDR S&P 500 ETF Trust

$281.54

1.125 (0.40%)

, SPX

S&P 500

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SPDR S&P 500 ETF Trust

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AMD

AMD

$12.59

0.12 (0.96%)

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AMD attracts a bullish three-way spread before shares tick higher »

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BG

Bunge

$80.40

2.84 (3.66%)

, ADM

Archer Daniels

$42.21

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Bunge, Archer Daniels, Glencore analyst commentary  »

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BG

Bunge

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ADM

Archer Daniels

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GLNCY

Glencore

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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K

Kellogg

$66.78

0.16 (0.24%)

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Kellogg put volume heavy and directionally bearish »

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FX Action: USD-JPY »

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BIVV

Bioverativ

$64.11

1.36 (2.17%)

, JUNO

Juno Therapeutics

$67.81

-3.56 (-4.99%)

12:08
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On The Fly: Top stock stories at midday »

Stocks opened mixed, with…

BIVV

Bioverativ

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JUNO

Juno Therapeutics

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VR

Validus

$67.50

20.775 (44.47%)

SNY

Sanofi

$43.23

-1.37 (-3.07%)

CELG

Celgene

$102.65

0.93 (0.91%)

AIG

AIG

$61.03

-0.525 (-0.85%)

IDRA

Idera Pharmaceuticals

$2.55

0.145 (6.03%)

BCRX

BioCryst

$5.59

-0.09 (-1.58%)

SANM

Sanmina

$35.45

0.5 (1.43%)

ARRY

Array BioPharma

$13.14

0.26 (2.02%)

FE

FirstEnergy

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3.83 (13.03%)

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SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$281.18

0.765 (0.27%)

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Senators have enough votes to end government shutdown, NBC reports 

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SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

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BIVV

Bioverativ

$64.11

1.36 (2.17%)

, SNY

Sanofi

$43.22

-1.385 (-3.11%)

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Hot Stocks
Hemophilia makers jump after Sanofi acquires peer Bioverativ for huge premium »

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Bioverativ

$64.11

1.36 (2.17%)

SNY

Sanofi

$43.22

-1.385 (-3.11%)

PFE

Pfizer

$36.88

-0.06 (-0.16%)

JNJ

Johnson & Johnson

$147.21

-0.15 (-0.10%)

ALNY

Alnylam

$124.83

0.84 (0.68%)

CBIO

Catalyst Biosciences

$19.49

0.86 (4.62%)

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