HomeMarket NewsSmall CapsInvestors Furious as Bitfarms and Other Big Stocks Plummet on Friday

Investors Furious as Bitfarms and Other Big Stocks Plummet on Friday

Actionable Trade Ideas

always free

image46

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.

 

Dive Deeper: Ethereum Tops $2,100; Blur Emerges As Top Gainer


Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.