Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-02-02 19:34:42

SOS Limited stock slides, partially reversing two-day advance

SOS Limited (SOS -7.5%) stock drops, losing some of the 17% jump it made since Equitec Proprietary Markets disclosed adding to its stake in the China-based cryptocurrency miner in Q4 2021. On Jan. 31, 2022, Equitec Proprietary said it held 2.25M shares of SOS (NYSE:SOS) as of Dec. 31, 2021, up from the 61K shares it held on Sept. 30, 2021. Wednesday's decline likely also reflects softening in bitcoin (BTC-USD), which is down 2.5% to $37.5K in midafternoon trading. When looking at SOS's (SOS), one-year performance, the stock started lagging bitcoin (BTC-USD) in late July 2021 as seen in this graph. In June, SOS (SOS) accelerated its blockchain operations plans for the U.S. after Chinese regulators started cracking down on crypto mining.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.