Cipher Mining ( (CIFR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Cipher Mining’s stock is experiencing a decline, driven by a moderately bearish sentiment among option traders and a rising demand for downside protection. Despite this, the put-call ratio shows some optimism as there is more interest in calls than puts. Additionally, the increase in implied volatility suggests that traders expect significant price movements, even though the stock is still below its 52-week median.
More about Cipher Mining
YTD Price Performance: 290.89%
Average Trading Volume: 50,270,020
Technical Sentiment Signal: Buy
Current Market Cap: $7.3B
For further insights into CIFR stock on TipRanks’ Stock Analysis page.
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