Is Riot Platforms (RIOT) Worth Buying After a Major Correction?
Riot Platforms(RIOT) ZACKS·2024-07-19 01:31
Riot Platforms, Inc. (RIOT) has seen its stock decline 19.7% year to date. This drop stands in stark contrast to the 21% rise in the industry it belongs to, as well as a 16.1% increase in the Zacks S&P 500 composite.When compared to other cryptocurrency-centric stocks, RIOT's performance is notably poorer. Cipher Mining (CIFR) has surged 64.1% and Marathon Digital (MARA) has gained 8.8% over the same period.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchMost cryptocurrency-centric stoc ...