Stock markets witnessed a triple jolt of bullish energy on Thursday as Bitmine Immersion Technologies (BMNR), Sunrun (RUN), and TripAdvisor (TRIP) posted massive gains, driven by strong earnings, favorable legislation, and strategic investor moves. Here’s a breakdown of what fueled this rally and what it means for investors.
Bitmine Immersion Technologies Skyrockets Over 128% After Earnings Blowout
Bitmine Immersion Technologies (BMNR) stole the spotlight with an explosive +128.68% gain, closing at $133.78, up from $57.28 intraday. This rally followed the company’s Q3 revenue jump of 67% YoY, reaching $2.1 million, up from $1.2 million in Q3 2024.
Daily volume surged to 35.52 million shares, a massive leap from its average of 9.7 million, signaling aggressive institutional and retail interest. The bullish momentum was confirmed by technicals, as the price exploded past resistance zones, breaking through $100 and challenging psychological resistance levels.
Technical Takeaway:
- Strong green candle with high volume = breakout strength.
- Bullish engulfing setup over previous sessions.
- Momentum is extended but powerful — traders may look for pullback entries around $100–$110 if consolidation begins.
🌞 Sunrun Rallies After Senate Excludes Excise Tax on Solar Projects
Sunrun (RUN) saw a 16% surge on Thursday, maintaining its bullish momentum from Wednesday. The rally was driven by the U.S. Senate’s approval of Trump’s spending bill, which excluded the controversial excise tax on solar and wind components sourced from China. This move removes a major headwind for solar firms, boosting sentiment across clean energy stocks.
Trading volume hit 27.1 million shares, well above its 22.4 million average, indicating widespread investor interest in the renewable space.
Why It Matters:
- Regulatory clarity boosts future profitability projections.
- Renewable energy plays may continue their run if policy tailwinds hold.
- Watch for continued upside as institutional buyers take positions.
🌍 TripAdvisor Soars as Starboard Value Takes 9% Stake
TripAdvisor (TRIP) rallied over 15% after The Wall Street Journal revealed that activist investor Starboard Value has built a 9% stake in the company. The market responded swiftly, interpreting the move as a signal for strategic change or potential restructuring.
Volume reached 11.2 million shares, crushing the average daily turnover of 3.4 million, confirming that investors see high potential in Starboard’s involvement.
Key Insight:
- Activist investors often drive M&A discussions, cost restructuring, and shareholder-friendly moves.
- TRIP could become a high-conviction swing trade or medium-term play if strategic changes are announced.
📈 BMNR Intraday Action: Where Do We Go from Here?
On the hourly chart, BMNR shows signs of consolidation after a steep vertical rally. The price pulled back slightly to $133.44, with resistance forming around $136 and support zones near $123–$125.
What Traders Should Watch:
- A break above $136 could lead to retests of the $150–$160 zone.
- Watch for volume divergence—if volume fades while prices rise, a short-term correction may follow.
- Risk-reward plays improve on retracements near 20-period moving averages.
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⚠️ Disclaimer
This article is for informational and educational purposes only. It does not constitute investment advice or a recommendation. Stock trading involves risk, and you should conduct your own analysis or consult a financial advisor before making investment decisions. The author and publisher assume no responsibility for financial losses or decisions made based on this article.
