MARA Holdings, Inc. (MARA) Stock Hits Fresh 52-Week Low as Bitcoin Volatility Keeps Miners on Edge
MARA Holdings shares fell 3.52% to $9.59 Friday, hitting a new 52-week low on volume of 28.5 million shares. The stock trades well below its 50-day and 200-day moving averages. Analyst Chris Brendler cut his price target to $15 citing high network competition and Bitcoin volatility. MARA is pursuing a shift toward energy and infrastructure projects in West Texas with MPLX.