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Monday's Top ETF Gainers and Losers: BLOK and OIH
ByAinvest
Monday, Jul 14, 2025 12:31 pm ET1min read
The Amplify Transformational Data Sharing ETF is up 1.7% on Monday, led by gains in Canaan and Core Scientific. The VanEck Oil Service ETF is down 3.1%, with Nabors Industries and Halliburton leading the decline.
The Amplify Transformational Data Sharing ETF (BLOK) saw a notable 1.7% gain on Monday, July 2, 2025, driven by strong performances from its underlying holdings, particularly Canaan and Core Scientific. Meanwhile, the VanEck Oil Service ETF (OIH) experienced a 3.1% decline, with Nabors Industries and Halliburton leading the downward trend.Canaan Inc. (NASDAQ: CAN) was a key driver of BLOK's performance, rising by approximately 24.6% on Monday. This surge comes after receiving a new Buy rating from Compass Point with a price target of $2.50, despite the stock currently trading at $1.07 [4]. Core Scientific (CORZ) also contributed significantly, climbing by about 6.5% on the day, following rumors of a potential $9 billion merger with CoreWeave [3].
Conversely, the VanEck Oil Service ETF (OIH) underperformed, dropping by about 3.1%. Among its components, Nabors Industries and Halliburton saw declines of 5.3% and 4.8% respectively. These movements highlight the contrasting performances within the energy sector.
The performance of BLOK underscores the resilience of its underlying holdings in the technology and data sharing sectors. Investors should closely monitor the merger rumors surrounding Core Scientific and the potential impact on its stock price.
References:
[1] https://financhill.com/stock-forecast/blok-stock-prediction
[2] https://www.nasdaq.com/articles/mondays-etf-movers-blok-oih
[3] https://www.ainvest.com/news/core-scientific-surges-9-merger-play-overriding-downgrades-2507/
[4] https://uk.investing.com/news/analyst-ratings/compass-point-sets-canaan-stock-buy-rating-250-target-93CH-3983944
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