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Why BitMine Immersion Technologies Stock Plummeted on Monday

TheMotleyFool 
0 0 01.12.25
Why BitMine Immersion Technologies Stock Plummeted on Monday: https://g.foolcdn.com/editorial/images/844982/downward-red-arrow-with-a-background-of-us-currency.jpg
 

Crypto treasury company Bitmine Immersion Technologies (NYSEMKT: BMNR) didn't have timing on its side Monday. Its stock took a punishing hit of almost 13% that trading session after it published the latest update on its holdings -- on a day when many cryptos were booking substantial losses.

Bitmine publishes weekly updates of its holdings, which is appropriate given the company's active involvement with its anchor position in Ethereum.

Image source: Getty Images.

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Source Fool.com

Immersion Corp. Stock

€5.45
-0.910%
The price for the Immersion Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.050 (-0.910%).
Currently there is a rather positive sentiment for Immersion Corp. with 4 Buy predictions and 0 Sell predictions.
With a target price of 12 € there is potential for a 120.18% increase which would mean more than doubling the current price of 5.45 € for Immersion Corp..
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