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Riot Blockchain (RIOT) Soars: Stock Adds 11.7% in Session

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Riot Blockchain, Inc. RIOT was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 4.2% in the past one-month time frame.

The move came after the company announced the beta development its own private Bitcoin Mining Pool.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Riot Blockchain currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Riot Blockchain, Inc. Price

Riot Blockchain, Inc. Price | Riot Blockchain, Inc. Quote

A better-ranked stock in the Technology Services sector is Yext Inc. YEXT, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is RIOT going up? Or down? Predict to see what others think:Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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