Core Scientific (NASDAQ:CORZ) Sees Unusually-High Trading Volume

Core Scientific, Inc. (NASDAQ:CORZGet Free Report) saw unusually-strong trading volume on Monday . Approximately 3,858,677 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 6,703,900 shares.The stock last traded at $9.75 and had previously closed at $10.29.

Analyst Ratings Changes

A number of equities analysts have weighed in on CORZ shares. BTIG Research lifted their price target on shares of Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $14.50 price target on shares of Core Scientific in a report on Tuesday, July 2nd. HC Wainwright lifted their price target on shares of Core Scientific from $11.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein started coverage on shares of Core Scientific in a report on Wednesday. They issued an “outperform” rating and a $17.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Core Scientific currently has an average rating of “Buy” and a consensus price target of $14.00.

Check Out Our Latest Research Report on CORZ

Core Scientific Trading Up 4.1 %

The company’s fifty day moving average is $6.71 and its two-hundred day moving average is $4.26.

Core Scientific (NASDAQ:CORZGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $179.29 million for the quarter, compared to analyst estimates of $139.60 million. Research analysts forecast that Core Scientific, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Activity at Core Scientific

In related news, insider Todd M. Duchene sold 3,770 shares of Core Scientific stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $9.99, for a total transaction of $37,662.30. Following the transaction, the insider now owns 393,428 shares in the company, valued at approximately $3,930,345.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Todd M. Duchene sold 3,770 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $9.99, for a total value of $37,662.30. Following the transaction, the insider now owns 393,428 shares in the company, valued at $3,930,345.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Todd M. Duchene sold 7,321 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the completion of the transaction, the insider now directly owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The disclosure for this sale can be found here.

Institutional Trading of Core Scientific

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aspect Partners LLC acquired a new position in Core Scientific during the 1st quarter worth $29,000. Hexagon Capital Partners LLC acquired a new position in Core Scientific in the first quarter worth about $34,000. Lindbrook Capital LLC bought a new stake in Core Scientific in the first quarter valued at about $65,000. Rise Advisors LLC acquired a new stake in Core Scientific during the second quarter valued at approximately $65,000. Finally, Fiduciary Alliance LLC bought a new position in Core Scientific during the 1st quarter worth approximately $84,000.

About Core Scientific

(Get Free Report)

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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