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NEO On Bullish Momentum: 7.33% Up In The Last 24 Hours

Via News Editorial Team

December 17, 2020

NEO On Bullish Momentum: 7.33% Up In The Last 24 Hours

NEO is currently on bullish momentum. At 22:11 EST on Wed 16 Dec, NEO is at $18.02 and up by 7.33% in the last 24 hours.

NEO Range

Over the last six hours, NEO's higher value was $18.09 and the lower value was $17.73.

Over the last twelve hours, NEO's higher value was $18.09 and the lower value was $17.44.

In relation to NEO's daily highs and lows, it's 7.326% up from its trailing 24-hour low of $16.79 and 0.387% down from its trailing 24-hour high of $18.09.

In relation to the NEO's yearly highs and lows, it's 326.005% up from its 52-week low and 30.532% down from its 52-week high.

Last days news about NEO

NEOS therapeutics investor alert BY THE former attorney general OF louisiana: kahn swick & foti, LLC investigates adequacy of price and process in proposed sale of neos therapeutics, inc. - NEOS. According to Business Insider on Thu Dec 17, "and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Neos Therapeutics, Inc. (NasdaqGS: NEOS) to Aytu BioScience, Inc. (NasdaqGS: AYTU). "

News about Bitcoin

What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "

JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "The $100 million purchase suggests adoption of Bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds, strategists including Nikolaos Panigirtzoglou said in a note Friday. ", "Bitcoin has dipped after hitting a record at the start of December but remains in sight of the $20,000 level, which it has yet to reach. "

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Bitcoin's dizzying rally in 2020 has captivated the professional investing class.", "About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. "

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, ""People tend to pile into momentum trades, so Bitcoin could have more upside from here," said Ed Campbell, portfolio manager and managing director at QMA.", "Bitcoin's cross above $20,000 is its second major milestone in recent weeks -- the coin at the end of November reached a new high three years after setting a prior peak. "

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "The Bitcoin held in the fund will be stored in a segregated cold-storage system, and investors will be able to redeem the fund's units at net asset value on an annual basis.", "Read more: Fund Managers See Bitcoin Trade Crowded as Institutions Jump In"

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "Mike Novogratz, the macro trader who started Galaxy Digital Holdings Ltd., has been saying "the cavalry is coming" for years, only to watch as Bitcoin slumped to a recent low of $3,157 in December 2018 before recovering.", "A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management."

Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, "Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September."

Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, "Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies."

All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, "None of this bothers the champions of "digital gold,"who push the narrative that Bitcoin serves as some kind of metaphorical mattress under which everyone should stuff rapidly depreciating dollars or euros.", "That's reminiscent of other wealthy investors climbing aboard the bandwagon, such as Paul Tudor Jones, who compared Bitcoin to "investing in Google early." Even if they get burnedon a big bet, it's money they won't miss."

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "This time is different has been a recurring theme during the boom and bust periods of Bitcoin's little more than a decade long existence. ", "But Bitcoin is also a speculative asset, unlike gold. "

Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions."", "His comments came on the same day Bitcoin breached $20,000 for the first time, bringing its 2020 gain to 190%."