Core Scientific (NASDAQ:CORZZ) Stock Price Down 5.4% – Here’s Why

Shares of Core Scientific, Inc. (NASDAQ:CORZZGet Free Report) dropped 5.4% on Monday . The company traded as low as $15.94 and last traded at $15.97. Approximately 13,431 shares were traded during trading, a decline of 96% from the average daily volume of 348,599 shares. The stock had previously closed at $16.89.

Core Scientific Stock Performance

The stock has a 50 day simple moving average of $14.92 and a 200-day simple moving average of $11.31.

Core Scientific Company Profile

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Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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