Cleanspark ( (CLSK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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CleanSpark’s latest slide appears to be driven mainly by choppy trading and shifting sentiment around the broader market and crypto sector, rather than any new company-specific news. The stock, which had recently seen sharp swings and some moderately bullish inflows into ETFs linked to it, fell about 9% to $12.47 as traders reacted to the wider risk-off mood instead of changes in CleanSpark’s fundamentals or formal analyst price targets.
More about Cleanspark
YTD Price Performance: 35.47%
Average Trading Volume: 30,847,146
Technical Sentiment Signal: Buy
Current Market Cap: $3.5B
For further insights into CLSK stock on TipRanks’ Stock Analysis page.
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