Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Riot Platforms Stock Zoomed Higher Today

TheMotleyFool

0 0

Why Riot Platforms Stock Zoomed Higher Today:

Riot Platforms (NASDAQ: RIOT) stock closed Wednesday almost 6% higher in value, and, somewhat atypically, this wasn't due to the price movement of its favored asset, Bitcoin. Rather, investors were encouraged by the latest action of a high-profile shareholder in the crypto mining company.

Before market open, that shareholder -- activist investor Starboard Value -- sent a missive to Riot's CEO, Jason Les, and its chairman of the board of directors, Benjamin Yi. With it, Starboard clearly intended to inspire the company's leaders to pursue its transformation strategy more assiduously.

Image source: Getty Images.

Source Fool.com

Like: 0

RIOT

Share