Why Core Scientific Stock Stumbled Today
The crypto miner began the week by being slapped with an analyst's recommendation downgrade.
Overview
Core Scientific (NASDAQ: CORZ) didn't start the stock trading week on a high note. The crypto miner and data center operator saw its share price tank by almost 9% on an analyst's recommendation downgrade.
The pundit behind the downgrade was Keefe, Bruyette & Woods' Bill Papanastasiou, who moved his assessment of Core Scientific down one peg to market perform (hold, in other words) from his previous outperform (buy). He also reduced his price target to $25 per share from $28.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.