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This Penny Stock Just Surged 2,000% on a Chainlink Crypto Bet. Should You Buy Its Stock Here?
Yahoo Financeยท 2025-09-09 18:38
Group 1 - CaliberCos (CWD) shares experienced a nearly 2,000% increase after the company announced its acquisition of Chainlink (LINKUSD) tokens as part of a new digital asset treasury strategy [1][4] - The stock has since retraced some gains but remains up approximately 600% from its year-to-date low in late August [2] - The company's pivot to blockchain finance positions it to benefit from growing institutional interest in digital assets, potentially attracting retail momentum and insulating it from challenges in the traditional real estate sector [3][4] Group 2 - CaliberCos is the only Nasdaq-listed company to have reserves anchored in LINK, providing it with a first-mover advantage in the crypto space [5] - Despite the significant price surge, CWD is characterized as a highly speculative penny stock with extreme volatility and limited institutional credibility, making it susceptible to retail-driven price manipulation [6][7] - The company's financials are under distress, with revenue declining over 40% year-over-year in 2024 and net losses widening by more than 50%, indicating that the stock is more suitable for speculative investors rather than those seeking long-term value [7]