Shares of Canaan fell by a staggering 59.66% in 30 days from $29.25 to $11.80 at 20:52 EST on Tuesday, after two sequential sessions in a row of gains. NASDAQ Composite is falling 1.88% to $13,633.50, after three consecutive sessions in a row of losses.
Canaan’s last close was $13.23, 231.36% under its 52-week high of $39.10.
Year-on-year quarterly revenue growth declined by 91.7%, now sitting on 447.69M for the twelve trailing months.
Canaan’s Stock Yearly Top and Bottom Value
Canaan’s stock is valued at $11.80 at 20:52 EST, way under its 52-week high of $39.10 and way higher than its 52-week low of $1.76.
Canaan’s Moving Average
Canaan’s worth is way under its 50-day moving average of $22.86 and way above its 200-day moving average of $8.50.
Previous days news about Canaan
Shareholder alert: pomerantz law firm investigates claims on behalf of investors of canaan inc. – CAN. According to Business Insider on Monday, 3 May, "The investigation concerns whether Canaan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.", "On this news, the market price of Canaan ADRs collapsed from their close of $18.67 per ADR on April 9, 2021 to close at $13.14 per ADR on April 12, 2021, a decline of nearly 30%, on unusually high volume of approximately 60 million ADRs trading, more than three times the average daily volume over the preceding ten trading days."
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