Core Scientific Sees Unusually Large Options Volume (NASDAQ:CORZ)

Core Scientific, Inc. (NASDAQ:CORZGet Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 63,744 call options on the company. This is an increase of 384% compared to the average volume of 13,162 call options.

Core Scientific Price Performance

NASDAQ:CORZ opened at $9.09 on Friday. Core Scientific has a 1 year low of $2.61 and a 1 year high of $10.70. The business has a fifty day moving average of $5.00 and a 200-day moving average of $3.41.

Core Scientific (NASDAQ:CORZGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $179.29 million for the quarter, compared to analyst estimates of $139.60 million. Analysts forecast that Core Scientific will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BTIG Research lifted their price objective on shares of Core Scientific from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Core Scientific in a research note on Wednesday, March 13th.

Get Our Latest Report on CORZ

Insiders Place Their Bets

In related news, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $9.99, for a total transaction of $37,662.30. Following the completion of the transaction, the insider now owns 393,428 shares of the company’s stock, valued at $3,930,345.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Core Scientific

Hedge funds have recently bought and sold shares of the business. Fiduciary Alliance LLC bought a new position in shares of Core Scientific during the 1st quarter valued at $84,000. Hexagon Capital Partners LLC bought a new position in Core Scientific during the first quarter valued at about $34,000. Lindbrook Capital LLC acquired a new stake in shares of Core Scientific in the first quarter worth about $65,000. Perigon Wealth Management LLC bought a new stake in shares of Core Scientific during the 1st quarter worth about $688,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Core Scientific during the 1st quarter valued at about $307,000.

About Core Scientific

(Get Free Report)

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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