Galaxy Digital ( (TSE:GLXY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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The recent decline in Galaxy Digital’s stock price can be attributed to negative insider sentiment, as increased insider selling has led to a more cautious outlook. Despite this, the company has secured a $460 million strategic investment aimed at expanding its data centers, which is seen as a positive move. Analysts remain divided, with some maintaining Buy ratings while others adopt a more cautious approach.
More about Galaxy Digital
YTD Price Performance: 128.29%
Average Trading Volume: 9,266,939
Technical Sentiment Signal: Buy
Current Market Cap: $14.96B
For further insights into GLXY stock on TipRanks’ Stock Analysis page.
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