Shares of Canaan jumped 5.64% to $13.22 at 15:29 EST on Monday, after two successive sessions in a row of losses. NASDAQ Composite is sliding 0.33% to $13,916.40, following the last session’s downward trend, This seems, at the moment, a somewhat negative trend trading session today.
Canaan’s last close was $12.51, 195.76% below its 52-week high of $39.10.
News about Canaan today
Shareholder alert: pomerantz law firm investigates claims on behalf of investors of canaan inc. – CAN. According to today’s article on Business Insider, "On April 12, 2021, before the opening of trading, Canaan issued a press release finally disclosing its actual 4Q20 and FY20 financial results for the period ended December 31, 2020, including a 93% year-over-year decrease in computing power sold and net revenues for the quarter. ", "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."
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 $13.22 at 15:29 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 value is way below its 50-day moving average of $22.86 and way above its 200-day moving average of $8.50.
More news about Canaan.