The Rather Unfavorable Press Protection Rather Unlikely to Impact Riot Blockchain (RIOT) Share Cost

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Media headlines about Riot Blockchain (NASDAQ:RIOT) have trended somewhat negative on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Riot Blockchain earned a media sentiment score of -0.09 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 41.7902737547832 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Separately, BidaskClub downgraded shares of Riot Blockchain from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th.

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Riot Blockchain (RIOT) traded down $0.33 during trading hours on Wednesday, hitting $10.06. 483,459 shares of the company’s stock traded hands, compared to its average volume of 2,566,634. Riot Blockchain has a 12-month low of $3.06 and a 12-month high of $46.20. The firm has a market capitalization of $97.37, a P/E ratio of -5.24 and a beta of 2.69.

In related news, CEO John R. O’rourke III sold 30,383 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $28.61, for a total value of $869,257.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Riot Blockchain Company Profile

Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.

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