Riot Platforms Stock Plummets 53% YTD: Right Time to Buy?
Riot Platforms(RIOT) ZACKS·2024-09-25 01:36
Riot Platforms, Inc. (RIOT) has experienced a 52.7% decline in its stock year to date, a sharp contrast to the 25.1% growth seen in its industry and the 19.6% increase in the Zacks S&P 500 composite. This downturn mirrors the performance of other cryptocurrency-focused stocks, such as Cipher Mining (CIFR) , down 27.6%, and Marathon Digital (MARA) , which has fallen 31.6% during the same period. Year-to-Date Price Performance Image Source: Zacks Investment Research The stock recently closed at $7.33, hoverin ...