MARA (MARA) shares were down more than 11% in recent Monday trading after Compass Point downgraded the company's stock to sell from neutral, with a price target of $9.50.
The downgrade came after the cryptocurrency mining company said it produced 705 bitcoin in April, down from 829 the previous month. It added that its production saw a 15% month-over-month decrease in blocks won.
Trading volume stood at over 29 million shares against a daily average of about 38.7 million shares.
Price: 12.88, Change: -1.60, Percent Change: -11.06
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