Bitfarms And Other Big Stocks Moving Lower On Friday

U.S. stocks traded mixed, with the Dow Jones gaining around 90 points on Friday.

Shares of Bitfarms Ltd. BITF shares fell sharply during Friday’s session after the company announced a C$60 million private placement with U.S. institutional investors.

Bitfarms shares dipped 9.9% to $1.0450 on Friday.

Here are some other big stocks recording gains in today’s session.

• GDEV Inc. GDEV shares dipped 11.7% to $2.47. The company recently reported a decline in third-quarter sales.
• Allego N.V. ALLG fell 7.8% to $1.29. Allego recently posted a third-quarter loss of 17 cents per share.
• Gracell Biotechnologies Inc. GRCL declined 6% to $4.98. Gracell Biotechnologies recently posted a narrower-than-expected quarterly loss.
• Intchains Group Limited ICG shares fell 5.6% to $8.34.
• Companhia Energética de Minas Gerais – CEMIG CIG shares fell 5.5% to $ 2.1550. B of A Securities downgraded Cia Energetica DE Minas from Buy to Neutral and lowered the price target from $3.2 to $2.6.

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