The stock market ended the week in turmoil, with the Dow Jones clawing to gain around 90 points on Friday.
Investors were dealt a harsh blow as Bitfarms Ltd. BITF shares tumbled drastically during Friday’s session after the company announced a C$60 million private placement with U.S. institutional investors.
Bitfarms shares nosedived 9.9% to $1.0450 on Friday.
Here are the hard-hit stocks that plummeted in today’s session.
- GDEV Inc. GDEV shares plummeted 11.7% to $2.47. The company recently reported a decline in third-quarter sales.
- Allego N.V. ALLG fell 7.8% to $1.29. Allego recently posted a third-quarter loss of 17 cents per share.
- Gracell Biotechnologies Inc. GRCL declined 6% to $4.98. Gracell Biotechnologies recently posted a narrower-than-expected quarterly loss.
- Intchains Group Limited ICG shares slipped 5.6% to $8.34.
- Companhia Energética de Minas Gerais – CEMIG CIG shares faded 5.5% to $ 2.1550. B of A Securities downgraded Cia Energetica DE Minas from Buy to Neutral and lowered the price target from $3.2 to $2.6.
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