WULF Stock Rebounds From Lowest Close In Over A Year, B. Riley Says Selloff ‘In No Way’ Justified

Detailed summary

B.Riley analyst said that the “next major catalyst” will be when the financing for TeraWulf’s Anthropic lease is secured.

TeraWulf (WULF) shares rebounded from their lowest point in over a year on Friday, after the company reported its third-quarter results, with B.Riley saying the recent selloff was "in no way" justified for the stock.

The stock ended Friday's session at around $11, while on Thursday, it closed at $10 before briefly dipping to $9, its lowest price in more than a year. Despite Friday's gain, shares were still down over 3% for the week.

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WULF stock closed up over 12% on Friday. On Stocktwits, retail sentiment around WULF improved to the 'bullish' zone from 'neutral,' accompanied by 'high' chatter levels over the past day.

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