Seeking Alpha
2022-06-07 16:52:26

Core Scientific's chief vision officer sells $9.3M shares

Core Scientific (NASDAQ:CORZ) continues to fall, down 5.29% on Tuesday, taking clues from insider's transaction where chief vision officer Feinstein Darin sold worth ~$9.3M shares. In the SEC Filing dated June 2, Darin sold 3,409,679 shares priced at $2.64 - $3.15 each. Right after arrived target cut, adding up to the tension among investors as BTIG analyst Gregory Lewis lowered the firm's price target on Core Scientific (CORZ) to $8 from $18, while keeping the Buy rating in tact. On Monday, the bitcoin miner released monthly update, stating it has produced 1,138 self-mined bitcoins in May, up from 1,121 in April. Also Read: Bitcoin slips back to under $30K as U.S. stock futures back in the red

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