The Latest Breaking News from Nasdaq

Bank of England Deputy Governor Jon Cunliffe sees a possibility for crypto meltdown survivors to become the future technology companies, rivaling Amazon.com Inc (NASDAQ:AMZN) and eBay Inc (NASDAQ: EBAY), Bloomberg reports from a Zurich forum. Cunliffe drew parallels between the meltdown wiping more than $1 trillion off the value of Bitcoin and other cryptocurrencies to the dot-com collapse at…

U.S. stocks traded slightly higher on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

PayPal Holdings's (NASDAQ:PYPL) short percent of float has risen 10.63% since its last report. The company recently reported that it has 26.53 million shares sold short, which is 2.29% of all regular shares that are available for trading.

A whale with a lot of money to spend has taken a noticeably bearish stance on Pinduoduo. Looking at options history for Pinduoduo (NASDAQ:PDD) we detected 19 strange trades.

Ecommerce giant eBay Inc (NASDAQ: EBAY) announced that it has acquired NFT marketplace KnownOrigin for an undisclosed sum.

Trading volume is critical for small-window options traders, as it gives insight into how many contracts have been purchased on an options strike. A high-volume option can provide liquidity, giving investors a better opportunity to sell their contracts over those with lower volumes.

U.S. stocks turned higher midway through trading, with the Nasdaq Composite gaining around 30 points on Wednesday.

 Gainers Ocean Bio-Chem, Inc. (NASDAQ: OBCI) shares jumped 116.6% to $12.82 after the company announced it will be acquired by OneWater Marine for $13.08 per share in cash.

Someone with a lot of money to spend has taken a bearish stance on Advanced Micro Devices (NASDAQ:AMD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.