Why Riot Platforms Stock Blasted Nearly 5% Higher on Thursday

News of a prominent investor's entry into Riot Platforms (NASDAQ: RIOT) juiced the cryptocurrency miner and investor's stock on Thursday. Eager investors piled into its shares, sending their value almost 5% higher on the day. That made the stock something of an outlier, as its leap well into positive territory contrasted with the S&P 500 index's 0.5% decline that session.That morning, The Wall Street Journal reported that Starboard Value, a veteran corporate gadfly, had purchased a "significant" shareholding in Riot. Citing unidentified "people familiar with the matter," the newspaper added that -- per its usual approach, and that of other activist investors -- Starboard will advocate for changes at the company. The Journal added that it couldn't ascertain the exact size of Starboard's stake.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool