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Riot Platforms, Inc. (RIOT) Moves 16.0% Higher: Will This Strength Last?
RIOTRiot Platforms(RIOT) Zacks Investment Research·2024-04-24 13:51

Riot Platforms, Inc. (RIOT) shares soared 16% in the last trading session to close at 11.85.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s9.711.85. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.7% loss over the past four weeks.The stock recorded a price hike in response to the increase in the price of Bitcoin, following the ‘halving’ and the launch of Runes. This company is expected to post quarterly loss of 0.21 per share in its upcoming report, which represents a year-over-ye ...