On August 27, Keel Infrastructure Corp rose 8.04% in regular trading, trading at $3.6498/share with turnover of $43.67 million. The stock continues its rebound amid a broad sector rally and diminishing forced-selling pressure following the collapse of the Situational Awareness hedge fund.
The Application Software sector surged broadly, with Salesforce.com up 20.99%, Strategy up 10.16%, Synopsys up 8.74%, Circle Internet up 5.44%, and Palantir Technologies up 3.9%. Keel Infrastructure was among several bitcoin mining and data center stocks that suffered non-fundamental selling pressure after Situational Awareness disclosed $152 million in KEEL exposure across 26 leveraged positions. Citadel founder Ken Griffin confirmed that over 80% of the risk assumed from the fund's unwinding has been resolved, signaling a substantial easing of market liquidity shock.
BTIG Research maintains a Buy rating with an $8 price target on the stock. The analyst consensus mean target currently stands at $6.29, well above the current trading price.
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