Why CleanSpark Stock Is Spiking Higher Today
Shares of CleanSpark (NASDAQ: CLSK) spiked higher on Thursday without a clear catalyst. While CleanSpark CEO Zach Bradford gave a fireside chat today, the stock had been rising well before the presentation started. Whatever the exact reason for today's spike, the stock was up a whopping 26% as of 3:45 p.m. EST.
The fact that Bradford was making a public presentation may have been enough to give this stock a boost. Consider that the company has been targeted by short-sellers in recent weeks, alleging fraudulent reports from CleanSpark. Furthermore, the stock fell further when the company reported quarterly results that didn't live up to Wall Street's expectations.
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Source Fool.com
