Bitfarms And Other Big Stocks Moving Lower On Friday

Author: Lisa Levin | November 24, 2023 11:21am

U.S. stocks traded mixed, with the Dow Jones gaining around 90 points on Friday.

Shares of Bitfarms Ltd. (NASDAQ:BITF) shares fell sharply during Friday’s session after the company announced a C$60 million private placement with U.S. institutional investors.

Bitfarms shares dipped 9.9% to $1.0450 on Friday.

Here are some other big stocks recording gains in today’s session.

• GDEV Inc. (NASDAQ:GDEV) shares dipped 11.7% to $2.47. The company recently reported a decline in third-quarter sales.
• Allego N.V. (NYSE:ALLG) fell 7.8% to $1.29. Allego recently posted a third-quarter loss of 17 cents per share.
• Gracell Biotechnologies Inc. (NASDAQ:GRCL) declined 6% to $4.98. Gracell Biotechnologies recently posted a narrower-than-expected quarterly loss.
• Intchains Group Limited (NASDAQ:ICG) shares fell 5.6% to $8.34.
• Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) shares fell 5.5% to $ 2.1550. B of A Securities downgraded Cia Energetica DE Minas from Buy to Neutral and lowered the price target from $3.2 to $2.6.

 

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Posted In: ALLG BITF CIG GDEV GRCL ICG