Core Scientific (CORZ) Soars 1.84% on Bullish Outlook

Core Scientific (CORZ) shares surged 1.84% today, marking the fourth consecutive day of gains, with a cumulative increase of 12.77% over the past four days. The stock price reached its highest level since March 2025, with an intraday gain of 3.29%.

The strategy of buying CORZ shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 2.64%. While the strategy captured some upside during bullish periods, it also suffered losses during downturns. The recent high before purchase and short holding period helped capture the late rally in 2024, but the overall performance was muted due to the extended bear market in 2023 and the subsequent slow recovery.

On May 14, 2025, Oppenheimer initiated coverage of Core Scientific with an "Outperform" rating. This rating suggests a positive outlook for the stock compared to the overall market or its industry sector, which could be perceived positively by investors and potentially impact the stock price.

Additionally, there is moderately bullish activity in options trading for Core Scientific. Calls are leading puts with a put/call ratio of 0.55, indicating a positive sentiment among traders. This bullish activity in options trading suggests increased investor interest and potential upward pressure on the stock price.

Financial giants have also shown bullish moves in options trading for Core Scientific, further indicating increased investor interest and potential upward pressure on the stock price. These factors collectively suggest a positive sentiment and potential upward trajectory for Core Scientific's stock price.