What's Going On With Marathon Digital Holdings Stock?
Portfolio Pulse from Erica Kollmann
Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading lower, with the stock down more than 20% over the last month. The decline is attributed to the retreat of Bitcoin, which has led to a fall in crypto-related stocks. MARA has become a trending ticker on Yahoo! Finance and 29.44% of available shares are being sold short.
September 25, 2023 | 2:30 pm
News sentiment analysis
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NEGATIVE IMPACT
The retreat of Bitcoin has led to a fall in crypto-related stocks, including Marathon Digital Holdings.
Bitcoin's retreat is negatively impacting crypto-related stocks, including Marathon Digital Holdings. As Bitcoin continues to retreat, it could further impact the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Digital Holdings' stock is down over 20% in the last month due to the retreat of Bitcoin. The stock has become a trending ticker on Yahoo! Finance with 29.44% of available shares being sold short.
The decline in Marathon Digital Holdings' stock is directly linked to the retreat of Bitcoin, as the company is involved in crypto-related activities. The high percentage of shares being sold short indicates a bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100