SI - Crypto stocks outshine the financial sector even as Bitcoin stalls
Crypto bank Silvergate Capital (NYSE:SI) +37.4% tops this week's five biggest financial gainers (with market cap over $2B) after equity strategist Sheena Shah says the stock tracked Bitcoin (BTC-USD) well over the past year, especially during crypto market booms. The second largest gainer, Trupanion (NASDAQ:TRUP) +25.6% climbs after the insurer beat Q3 earnings and revenue consensus estimates. Crypto miner HIVE Blockchain (NASDAQ:HIVE) +24.9% gains even as Bitcoin (BTC-USD) changes hands in net negative territory in the past week. Another crypto miner, Marathon Digital (NASDAQ:MARA) +22.2% rises after the company increased Bitcoin (BTC-USD) production by 23% in October. Credit Acceptance (NASDAQ:CACC) +14.7% increases after it beat the diluted EPS consensus estimate, though missed the revenue estimate. The crypto stocks listed above also outpace the largest digital token by market cap on a M/M basis, as seen in the chart below. Topping off the top five losers in the financial sector with Westpac Banking (NYSE:WBK) -12.7% after the company disappoints investors on its fourth-quarter
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Crypto stocks outshine the financial sector even as Bitcoin stalls