$RIOT going up with the news: Riot Blockchain sha
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Posted On: 01/03/2018 1:10:57 PM
$RIOT going up with the news:
Riot Blockchain shares down 11% despite 2% rise for bitcoin
Riot Blockchain shares down 11% despite 2% rise for bitcoin Shares of Riot Blockchain Inc. Wednesday afternoon were trading nearly 11% lower, even as bitcoin prices tilted slightly higher at around $15,000. Riot Blockchain (RIOT) started life as diagnostic machinery biotech stock Biopix Inc., before pivoting to cryptocurrencies and changing its name. The company aims to support blockchain technologies, which underlie digital currencies, such as bitcoin . Over the past week, Riot's shares are down 12.4% so far this week as bitcoin prices have stalled since the digital currency hit a mid-December peak near $20,000. For Riot's part, the company still boasts a 66% gain over the past 30 days and a 208% return over the past three months, according to FactSet data. Comparatively, the Dow Jones Industrial Average has climbed about 0.7% on Wednesday, 2.7% over the past week, and about 10% over the past three months. Meanwhile bitcoin futures traded on the CME Group Inc. (CME) for January were up 1.7% at 15,105, while those for the Cboe Global Markets Inc. (CBOE) for the same month rose 0.6% at $15,150.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
> Dow Jones Newswires
January 03, 2018 12:50 ET (17:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Riot Blockchain shares down 11% despite 2% rise for bitcoin
Riot Blockchain shares down 11% despite 2% rise for bitcoin Shares of Riot Blockchain Inc. Wednesday afternoon were trading nearly 11% lower, even as bitcoin prices tilted slightly higher at around $15,000. Riot Blockchain (RIOT) started life as diagnostic machinery biotech stock Biopix Inc., before pivoting to cryptocurrencies and changing its name. The company aims to support blockchain technologies, which underlie digital currencies, such as bitcoin . Over the past week, Riot's shares are down 12.4% so far this week as bitcoin prices have stalled since the digital currency hit a mid-December peak near $20,000. For Riot's part, the company still boasts a 66% gain over the past 30 days and a 208% return over the past three months, according to FactSet data. Comparatively, the Dow Jones Industrial Average has climbed about 0.7% on Wednesday, 2.7% over the past week, and about 10% over the past three months. Meanwhile bitcoin futures traded on the CME Group Inc. (CME) for January were up 1.7% at 15,105, while those for the Cboe Global Markets Inc. (CBOE) for the same month rose 0.6% at $15,150.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
> Dow Jones Newswires
January 03, 2018 12:50 ET (17:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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