COIN, MARA & SI: Can These 3 Stocks Survive The Recent Crypto Fallout?


  • 1 year ago
  • Wrapped Bitcoin
  • 333Views
Just because Bitcoin is up doesn't mean crypto-adjacent securities are following its lead. Coinbase Global Inc (NASDAQ:COIN), which has been closely watched since its April 2021 initial public offering (IPO) is headed back toward its Nov. 21 low of $40.61. Short sellers have taken MARA stock's sharp pullback as an opportunity to target the stock. Short interest is up 21.4% in the last two reporting periods, and makes up a hefty 35.6% of the stock's available float. Going by the available data options players are pricing in additional downside towards $22 and $20 for SI stock(Silvergate Capital Corp) in the weeks and months ahead.----https://www.schaeffersresearch.com/Content/news/2022/12/06/stocks-making-moves-crypto-edition?&utm_source=12%2F06%2F2022&utm_medium=email&utm_campaign=mr&trackback=mrezine&utm_content=topheadlines
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