Marathon's Digital Dash

Markets welcomed the week mixed.

December 18, 2023

Happy Monday!

Markets welcomed the week mixed. The S&P 500 and Nasdaq Composite gained ~0.5%. The Russell 2000 and Dow finished flat. Communications led. Utilities and real estate lagged.

New 52-Week Highs outperformed New Lows — 156 vs. 7.

See the full lists here.

The Best of the Best

Marathon Digital ($MARA) is the best of the best. The Bitcoin miner marched +8.69% and closed at its highest price since April 2022.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Lufax Holdings ($LU) is the worst of the worst. The Chinese personal financial services platform plummeted -10.99% and closed at an all-time low.

On Friday, the company announced receipt of a letter from the NYSE that it’s below the NYSE’s listing standards due to the trading price. In response, Lufax executed a 4-1 reverse split to manufacture a higher price.

Here’s the daily chart.