Shares of BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Get Free Report) rose 8.1% on Monday . The company traded as high as $61.44 and last traded at $61.24. Approximately 18,278,102 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 18,664,529 shares. The stock had previously closed at $56.65.
Analyst Upgrades and Downgrades
Separately, ThinkEquity upgraded shares of BitMine Immersion Technologies to a "strong-buy" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Stock Analysis on BMNR
BitMine Immersion Technologies Stock Up 11.6%
The company has a market cap of $17.67 billion and a PE ratio of -143.68. The company has a fifty day moving average price of $48.58.
Insider Activity
In other news, Director Thomas Jong Lee bought 222,222 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was purchased at an average cost of $4.50 per share, for a total transaction of $999,999.00. Following the purchase, the director directly owned 222,222 shares in the company, valued at approximately $999,999. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Institutional Trading of BitMine Immersion Technologies
A number of large investors have recently modified their holdings of BMNR. Lauer Wealth LLC purchased a new stake in shares of BitMine Immersion Technologies during the 2nd quarter worth approximately $363,000. XTX Topco Ltd acquired a new position in BitMine Immersion Technologies during the second quarter worth $374,000. Marex Group plc purchased a new stake in BitMine Immersion Technologies in the 2nd quarter valued at approximately $465,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of BitMine Immersion Technologies during the 2nd quarter worth about $508,000. Finally, Sassicaia Capital Advisers LLC acquired a new stake in BitMine Immersion Technologies in the 2nd quarter worth about $1,570,000.
About BitMine Immersion Technologies
(
Get Free Report)
BitMine Immersion Technologies Inc focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc is based in ATLANTA, GA.
See Also
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.
Before you consider BitMine Immersion Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitMine Immersion Technologies wasn't on the list.
While BitMine Immersion Technologies currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
