Argo Blockchain (NASDAQ:ARBK – Get Free Report) was downgraded by investment analysts at HC Wainwright from a “buy” rating to a “neutral” rating in a research report issued on Friday, Briefing.com reports.
Separately, Canaccord Genuity Group reaffirmed a “hold” rating and set a $1.45 target price on shares of Argo Blockchain in a report on Thursday, March 28th.
Get Our Latest Research Report on Argo Blockchain
Argo Blockchain Stock Up 0.7 %
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Argo Blockchain stock. Chesapeake Capital Corp IL acquired a new stake in Argo Blockchain plc (NASDAQ:ARBK – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,253 shares of the company’s stock, valued at approximately $132,000. Chesapeake Capital Corp IL owned 0.06% of Argo Blockchain at the end of the most recent reporting period. Institutional investors and hedge funds own 2.42% of the company’s stock.
Argo Blockchain Company Profile
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.
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