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BitMine Immersion Technologies (NASDAQ:BMNR) Stock Price Down 9.7% - Here's What Happened

BitMine Immersion Technologies logo with Financial Services background

Key Points

  • BitMine Immersion Technologies shares dropped by 9.7%, trading as low as $54.10 from a previous close of $60.45.
  • The company's market capitalization is $250.09 million, with a P/E ratio of -132.09.
  • Institutional investors are actively acquiring stakes, with several firms investing in BitMine during the second quarter.
  • Want stock alerts on BitMine Immersion Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of BitMine Immersion Technologies, Inc. (NASDAQ:BMNR - Get Free Report) were down 9.7% during trading on Friday . The stock traded as low as $54.10 and last traded at $54.59. Approximately 27,285,376 shares were traded during mid-day trading, an increase of 146% from the average daily volume of 11,076,212 shares. The stock had previously closed at $60.45.

BitMine Immersion Technologies Trading Down 3.9%

The company has a market capitalization of $250.09 million and a P/E ratio of -132.09.

Institutional Trading of BitMine Immersion Technologies

Institutional investors have recently added to or reduced their stakes in the business. Sassicaia Capital Advisers LLC acquired a new stake in shares of BitMine Immersion Technologies in the 2nd quarter valued at about $1,570,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of BitMine Immersion Technologies in the second quarter valued at approximately $508,000. XTX Topco Ltd acquired a new stake in shares of BitMine Immersion Technologies in the second quarter valued at approximately $374,000. Finally, Lauer Wealth LLC acquired a new stake in shares of BitMine Immersion Technologies in the second quarter valued at approximately $363,000.

BitMine Immersion Technologies, Inc is a financial services company in the Banking industry.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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