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Benzinga
Benzinga
Business
Melanie Schaffer

How To Trade Marathon Digital After Q2 Earnings Print As The Stock Continues To Outpace Bitcoin

Marathon Bitcoin Nasdaq

Marathon Digital Holdings, Inc (NASDAQ:MARA) surged up over 11% at one point on Monday before falling to trade about 2% higher as the stock headed toward its second-quarter earnings print, which is expected after the market close.

When the Bitcoin (CRYPTO: BTC) miner printed a big first-earnings miss on May 4, the stock plunged 50% over the six trading days that followed to reach a May 12 low of $8.80. The stock then bounced up briefly before continuing in its steep downtrend, which brought Marathon to a July 5 52-week low of $5.20.

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