Why Bitcoin- And Ethereum-Related Stock Marathon Digital Is Popping Off Today

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading higher by 6.92% to $13.82 Tuesday afternoon after Cowen & Co maintained a Market Perform on the stock and raised its price target from $7 to $9.

Shares of crypto-related stocks, including Marathon Digital, are otherwise trading lower in recent sessions amid a drop in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices.

Bitcoin is trading lower by 7.14% to $21,534 over the trailing 5 sessions, while Marathon Digital shares are trading lower by 15.25% over the trailing 5 sessions.

See Also: Here’s How Much You’d Have Right Now If You Invested $1,000 In Apple Shares When Steve Jobs Stepped Down As CEO In 2011

According to data from Benzinga Pro, Marathon Digital has a 52-week high of $83.45 and a 52-week low of $5.20.

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