Why Is Cipher Digital Stock Falling on Friday?
Cipher Digital Inc. (NASDAQ: CIFR) stock fell on Friday amid rising US Treasury yields and lingering Q2 earnings concerns.
Cipher Digital's stock price went down because interest rates (money costs) went up and people are still worried about how much money the company made recently. When people worry about a company or rates rise, they sometimes sell stocks, which makes prices drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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