Hut 8 (HUT) Slashes 13%, Mirrors Subsidiary Fall

We recently published 10 Stocks Deep in the Red. Hut 8 Corp. (NASDAQ:HUT) is one of the worst performers on Tuesday. Hut 8 fell for a second day on Tuesday, shedding 13.52 percent to close at $37.68 apiece as investors took path from American Bitcoin’s 51-percent intra-day drop. American Bitcoin is a majority-owned subsidiary by Hut 8 Corp. (NASDAQ:HUT), which plunged following announcements that the locked-up shares of the company became eligible for trading. Additionally, presidential son Eric Trump—w ...