PEAK6 LLC Purchases New Shares in Eightco Holdings Inc. $OCTO

PEAK6 LLC acquired a new stake in Eightco Holdings Inc. (NASDAQ:OCTO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 866,434 shares of the company’s stock, valued at approximately $603,000. PEAK6 LLC owned about 28.45% of Eightco as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in OCTO. JPMorgan Chase & Co. bought a new position in shares of Eightco in the third quarter valued at about $100,000. Mairs & Power Inc. bought a new stake in Eightco during the 3rd quarter worth about $263,000. Two Sigma Investments LP bought a new stake in Eightco during the 3rd quarter worth about $288,000. Qube Research & Technologies Ltd acquired a new stake in Eightco in the 3rd quarter valued at about $320,000. Finally, Mariner LLC acquired a new stake in Eightco in the 3rd quarter valued at about $351,000. Institutional investors own 12.85% of the company’s stock.

Eightco Trading Up 6.5%

Shares of NASDAQ OCTO opened at $0.88 on Monday. Eightco Holdings Inc. has a 1-year low of $0.98 and a 1-year high of $83.12. The company has a 50-day moving average of $0.73 and a two-hundred day moving average of $0.91. The company has a market cap of $2.68 million, a PE ratio of -0.29 and a beta of 0.84. The company has a current ratio of 0.30, a quick ratio of 0.09 and a debt-to-equity ratio of 1.15.

About Eightco

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.