Crypto
American Bitcoin Stock Price Jumps 9.8% Amid Lower Trading Volume
American Bitcoin Corp. (NASDAQ:ABTC) stock price rose by 9.8% on Thursday, reaching a high of $7.63 and closing at $7.6070.
The company's trading volume was significantly lower than average, with only 398,433 shares exchanged during the day, a decline of 63% from its usual daily volume of 1,076,741 shares.
A number of research firms have issued reports on ABTC. Weiss Ratings reiterated a 'sell' rating, while Wall Street Zen downgraded it to a sell from hold. Zacks Research upgraded the stock from strong sell to hold.