3 Years Ago
1 Min Read

HIVE is down -5% today. Some more information:



Shares of HIVE Blockchain Technologies Ltd (HIVE) are trading -5% lower at a price of $5.18 at the time of this writing. While the Information Technology sector is having a bright day in general, the company is lagging behind it's peers.

The price is likely moving in run up to the upcoming earnings call on August 29.

HIVE Blockchain Technologies Ltd has been trading between a 52-week high of $140 and a 52-week low of $2.82. The stock has a market cap of $426 Million.

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry.

Headlines


MicroStrategy, Riot, HIVE stocks turn higher as bitcoin gains (NASDAQ:MSTR)
Seeking Alpha 08-23-22

Why Hive Blockchain (NASDAQ:HIVE) Stock Presents an Attractive Opportunity
TipRanks 08-22-22

HIVE Blockchain tops week''s losers, while Nu climbs the most: Financials roundup
Seeking Alpha 08-20-22

Why Shares of Coinbase, Marathon Digital Holdings, and HIVE Blockchain Technologies Are Falling Today
The Motley Fool 08-19-22

HIVE Blockchain Technologies Ltd. 2023 Q1 - Results - Earnings Call Presentation (NASDAQ:HIVE)
Seeking Alpha 08-18-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

COLDWARv2_PREDICTOR - 3 upvotes - source
It will wash-out. The GME saga is pretty dead and if we see a real market drop a lot of people will lose interest. Things will return to 'normal' for the most part and as the next real run up goes people will come back. As for why don't we see more post diversity? Hive-mind. People post what is popular and what is popular gets upvotes. A few of the GME people have tried some DD on different tickers and it's laughably bad or uninteresting, so they go back to what they know, which is rocket emojis and wondering why the 'squeeze' hasn't happened when a chart staring them in the face says it's over.