MARA Holdings Inc. (NASDAQ:MARA) shares are dropping Thursday, sharply underperforming a rising technology sector, as the stock’s weak technical setup and a bearish Wall Street rating weighed on shares.
MARA Holdings stock is feeling bearish pressure. What’s behind MARA decline?
Morgan Stanley Keeps Underweight Rating on MARA
Morgan Stanley analyst Stephen Byrd maintained an Underweight rating on MARA Holdings while raising his price target to $6 from $5.50. Even with the increase, the new target sits well below where shares have been trading, keeping Byrd’s overall stance bearish on the stock.
MARA’s Chart Still Favors Sellers
