On October 17, MARA Holdings fell 8.22% in Regular Trading, trading at $7.665 per share, with turnover of $183 million.

The move follows continued pressure after JPMorgan downgraded the stock to underweight from overweight and cut its price target to $11 from $13, signaling a more cautious institutional view on the company.

That weaker sentiment came after MARA Holdings also reported a difficult second quarter: revenue fell to $174.9 million from $238.5 million a year earlier and missed analyst expectations of $209.4 million, while diluted loss per share was $1.60 versus expectations for a far smaller loss. The combination of rating pressure and earnings disappointment has helped keep the shares under strain.

(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.)