In yesterday’s Wall Street session, Core Scientific Inc (NASDAQ:CORZ) shares traded at $10.42, down -3.96% from the previous session.
CORZ stock price is now 5.66% away from the 50-day moving average and 76.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.69B.
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With the price target maintained at $13, B. Riley Securities recently Upgraded its rating from Neutral to Buy for Core Scientific Inc (NASDAQ: CORZ). On July 17, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $20, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Levy Jordan, Director bought 48,700 shares of the company’s stock on Aug 20 ’24. The stock was bought for $496,531 at an average price of $10.20. Upon completion of the transaction, the Director now directly owns 223,939 shares in the company, valued at $2.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Chief Financial Officer Sterling Denise Marie Brucia sold 8,752 shares of the business’s stock. A total of $82,374 was realized by selling the stock at an average price of $9.41. This leaves the insider owning 122,217 shares of the company worth $1.27 million. A total of 20.93% 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 $12.25. The fifty day moving average price for CORZ is $9.8637 and a two-hundred day moving average price translates $5.940233 for the stock.
The latest earnings results from Core Scientific Inc (NASDAQ: CORZ) was released for 2024-06-30. The net profit margin was -144.47% and return on equity was -7418.13% for CORZ.
