Marathon Digital (MARA) Falls 28% YTD: Buy, Hold or Sell?
Marathon(MARA) ZACKS·2024-08-24 02:05
Marathon Digital Holdings, Inc. (MARA) shares have declined 28.2% in the year-to-date period against the 19.1% rally seen in the industry it belongs to and 18% growth of the Zacks S&P 500 composite. MARA's performance is in line with the close competitors in the bitcoin-mining space. Riot Platforms, Inc. (RIOT) has plummeted 48% and HuT 8 Corp. (HUT) has lost 14.2% over the same period. While the year-to-date performance of Marathon Digital paints a negative picture, it is crucial to look at the oneyear pri ...