Live reporting

Live Daily Market Updates: Argo Blockchain Mined 166 BTC in April

Practice Stock Trading Your Capital Is At Risk
Analyst Team
Updated: 9 May 2022

Latest 15:25
Top US Stories

Palantir (PLTR) Misses Q1 Earnings & Guidance on Geopolitical Pressure

23 Million Rivian Stock, RIVN, On Market As Lockup Ends – Ford, Who Else?

Norwegian Cruise Lines (NCLH) Stock Price Is Down Ahead of Q1 Results

Lordstown Motors (RIDE) Hinged on Uncertainty…Time To Sell

US Premarket

European indices are now firmly in the red Monday with the FTSE 100 at -1.66%.

US equity futures are also on the slide with the Dow at -1.09%, the S&P 500 at -1.40% and the Nasdaq at -1.79%.

Palantir has tumbled premarket after missing earnings estimates.

Lordstown Motors is also lower at -6.8% after it reported earnings, posting a net loss of nearly $90M in Q1.

Rivian has fallen over 16% after it was revealed Ford is selling a portion of its stake in the company after an insider lock-up expires.

Top Stories This Morning

The Ideagen Share Price Soared 46.3% on Hg’s £1.09 Bn Takeover Bid

Chill Brands Shares Weak On Rejection Of Offer And Fundraising

Eurasia Mining (EUA) Share Price: Why Is “Eurasian Fluff” Trending?

Amur Shares, AMC, Up 50%, Down 11%, On Mine Sale Because It’s On Tick

Argo Blockchain

Argo Blockchain shares fell in early Monday trading, hitting a low of 53p.

The company mined 166 Bitcoin or Bitcoin Equivalent in April, compared to 163 BTC in March 2022.

Mining revenue in April amounted to £5.52 million.

At the end of April, the company owned 2,682 Bitcoin, of which 235 were BTC equivalents.

Price Target Changes

London-listed price target changes made on Friday…

Shell price target raised to 2,550p from 2,450p at UBS

Man Group price target increased to 305p from 285p at UBS

Jupiter Fund price target cut to 180p from 210p at UBS

Hargreaves Lansdown price target trimmed to 1,160p at Deutsche Bank

Trainline price target increased to 319p from 268p at Deutsche Bank

Trainline price target boosted to 310p from 270p at Morgan Stanley

Trainline price target lifted to 307p from 235p at JPMorgan

Travis Perkins price target lowered to 1,870p at Morgan Stanley

Hikma price target decreased to 2,100p from 2,300p at Morgan Stanley

Hiscox price target boosted to 1,194p from 1,159p at Morgan Stanley

HSBC price target raised to 590p from 550p at RBC Capital

IMI price target reduced to 2,000p from 2,050 p at JPMorgan

Barratt Developments price target cut to 650p from 710p at JPMorgan

Mondi price target raised to 2,072p from 2,000p at JPMorgan

European Sttocks Mixed

European equities are mixed at the start of Monday’s session…

FTSE 100: +0.02%
DAX: +0.09%
CAC 40: -0.12%
Stoxx 50: -0.16%
IBEX 35: +0.16%

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .