MARA Shares Gain 5.12% Following Debt Clearance and Buyback
MARA shares rose 5.12% during trading hours, supported by recent reports of cleared debt and a new $500 million share buyback approval following its Q3 earnings.
Shares of Bitcoin miner MARA (MARA) advanced 5.12% to trade at $6.98 during market hours on Monday, recovering from an earlier overnight slip following a revenue miss.
According to recent reports, the stock moved within a day range of $6.48 to $6.99 on a trading volume of 4,555,824. The previous close was recorded at $6.64. Over the past 52 weeks, the equity has traded between $5.69 and $16.43.
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Key facts
- Share Price: $6.98 (+5.12%)
- Day Range: $6.48 – $6.99
- Volume: 4,555,824
- Previous Close: $6.64
- 52-Week Range: $5.69 – $16.43
The upward movement follows recent company disclosures that MARA cleared its Bitcoin-backed debt and approved a $500 million share buyback following its third-quarter profit. Unchained Crypto reported the debt clearance and buyback approval, while BeInCrypto noted that the miner sold 13,597 Bitcoin after the third quarter. Meanwhile, Yahoo Finance and Stocktwits highlighted analysts splitting on the company's AI pivot and a recent revenue miss, with the CEO noting the market is becoming more selective regarding AI infrastructure financing.
Source: bullishmarketcap.com
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