MARA - Hot Stocks: Crypto stocks rally; new boss at HTZZ; SNDX departure; CAR new high; DFH falls on acquisition
On a strong day for the equity market, cryptocurrencies also found buyers. The rise in the asset class gave a boost to stocks largely reliant on crypto strength. Marathon Digital (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT), Silvergate (NYSE:SI), Bit Digital (NASDAQ:BTBT) and MicroStrategy (NASDAQ:MSTR) all posted notable advances. Elsewhere in the market, leadership transitions marked a couple of the standout performers on Tuesday. The naming of an interim CEO sent Hertz (OTCPK:HTZZ) sharply higher. However, an unexpected CFO resignation sparked selling in Syndax Pharmaceuticals (NASDAQ:SNDX). While Hertz found traction from a leadership change, its competitor Avis Budget Group Inc. (NASDAQ:CAR) extended a long-standing rally. Shares, which have more than quadrupled in the past year, reached another 52-week high. On the downside, Dream Finders Homes (NASDAQ:DFH) suffered selling pressure after announcing a nearly $500M acquisition, funded in part by the issuance of convertible stock. Sector In Focus A rally in the cryptocurrency market
For further details see:
Hot Stocks: Crypto stocks rally; new boss at HTZZ; SNDX departure; CAR new high; DFH falls on acquisition