1 week Ago By ABMN Staff
Canaan Inc. ( NASDAQ:CAN – Get Free Report ) gapped up prior to trading on Tuesday . The stock had previously closed at $2.
22, but opened at $2.29. Canaan shares last traded at $2.
22, with a volume of 2,858,737 shares changing hands. Wall Street Analyst Weigh In Several research firms have commented on CAN. HC Wainwright reaffirmed a “buy” rating and set a $3.
00 price target on shares of Canaan in a research report on Thursday, November 21st. B. Riley assumed coverage on shares of Canaan in a research report on Wednesday, September 18th.
They set a “buy” rating and a $2.00 target price on the stock. Finally, Rosenblatt Securities upped their price target on shares of Canaan from $3.
00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Read Our Latest Report on Canaan Canaan Trading Down 7.
7 % Hedge Funds Weigh In On Canaan A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Canaan by 0.3% in the 3rd quarter.
State Street Corp now owns 9,111,069 shares of the company’s stock worth $9,202,000 after acquiring an additional 23,759 shares during the period. Virtu Financial LLC raised its holdings in Canaan by 35.2% during the third quarter.
Virtu Financial LLC now owns 103,394 shares of the company’s stock worth $104,000 after purchasing an additional 26,920 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Canaan by 38.6% during the third quarter.
Farther Finance Advisors LLC now owns 109,409 shares of the company’s stock worth $111,000 after purchasing an additional 30,447 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Canaan in the second quarter valued at about $34,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Canaan by 20.
4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 215,372 shares of the company’s stock valued at $215,000 after purchasing an additional 36,422 shares in the last quarter. 70.
14% of the stock is currently owned by hedge funds and other institutional investors. About Canaan ( Get Free Report ) Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.
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