On July 30, TeraWulf Inc. rose 10.34% in regular trading, trading at $17.11/share, with turnover of $73.53 million. The stock extended its pre-market gains and accelerated upward during the session, as an oversold technical rebound gained momentum following a cumulative decline of over 28% from its July 8 high of $22.70.

On the news front, multiple institutions maintain buy ratings with target prices significantly above the current level. Chardan initiated coverage with a buy rating and a $32 target price, Bernstein assigned a $36 target, BofA Securities set a $34 target, and the FactSet consensus target stands at $38.11. The stock had previously surged to $22.70 on July 8 after the company signed a 20-year lease agreement with Anthropic for its Justified Data campus in Kentucky, with estimated contract revenue of approximately $19 billion over the full lease term. The subsequent sharp pullback created conditions for a technical recovery, which appears to be gaining traction amid broad institutional support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)