On October 29, Galaxy Digital Holdings Ltd. fell 5.08% Overnight, trading near $18.12, with turnover of $103.1 thousand.
The move came after the company reported third-quarter results that beat market expectations, while several Wall Street firms maintained upside views, but short-term trading turned divided after the earnings reaction.
Galaxy Digital Holdings Ltd. reported adjusted EPS of $0.83 for the third quarter, above consensus expectations that ranged from $0.11 to $0.29 in available market reports. Revenue was $8.69 billion, also above some estimates of $8.55 billion, though down from $29.22 billion a year earlier. Earlier, Citigroup upgraded the stock to Buy with a $28 target price, and Morgan Stanley raised its target price to $48 while maintaining an Overweight rating. The overnight pullback suggests the strong earnings beat and supportive analyst actions were not enough to prevent near-term profit-taking or positioning divergence.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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