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Riot Blockchain stock plunges 20% following parabolic rally

Published 02/18/2021, 04:57 PM
Updated 02/18/2021, 06:40 PM
Riot Blockchain stock plunges 20% following parabolic rally

Shares of crypto mining company Riot Blockchain (NASDAQ:RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.

RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest companies in the blockchain industry.

RIOT's 6-month trajectory shows a strong uptrend for the stock. Chart via TradingView

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Latest comments

what to do , sell?
Buy the $7.00 dips.
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