Stocks of Core Scientific Inc (NASDAQ:CORZ) traded higher last session on Wall Street, up 5.53% to $8.21.
CORZ stock price is now 110.28% away from the 50-day moving average and 122.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
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On January 31, 2024, Compass Point Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $1 to quote $8.50, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, Sterling Denise Marie Brucia, Chief Financial Officer sold 4,261 shares of the company’s stock on May 13 ’24. The stock was sold for $15,595 at an average price of $3.66. Upon completion of the transaction, the Chief Financial Officer now directly owns 130,969 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director Becker Todd A bought 130,000 shares of the business’s stock. A total of $410,163 was incurred on buying the stock at an average price of $3.16. This leaves the insider owning 134,250 shares of the company worth $1.1 million. A total of 17.88% of the company’s stock is owned by insiders.
During the past 12 months, Core Scientific Inc has had a low of $2.61 and a high of $8.41. The fifty day moving average price for CORZ is $3.9978 and a two-hundred day moving average price translates $3.743646 for the stock.
The latest earnings results from Core Scientific Inc (NASDAQ: CORZ) was released for 2024-03-31. The net profit margin was -6.31% and return on equity was -7418.13% for CORZ.
