Home / Business and Economy / Cryptocurrency Exchange Bullish Debuts on NYSE, Stock Drops 7.7%
Cryptocurrency Exchange Bullish Debuts on NYSE, Stock Drops 7.7%
17 Aug
Summary
- Bullish (NYSE:BLSH) is a new cryptocurrency exchange that recently listed on the NYSE
- The stock has lost 7.7% since its listing, which Cramer attributes to profit-taking
- Cramer is more optimistic about the long-term prospects of Bullish and other AI stocks
According to the news article, the cryptocurrency exchange Bullish (NYSE:BLSH) has recently listed its shares on the New York Stock Exchange. Since its listing, the stock has lost 7.7% of its value, which Jim Cramer, the well-known financial commentator, attributes to profit-taking by investors.
Cramer has commented on the price movement of Bullish, stating that the initial drop in the stock price shows a "little bit of rationality" in the market. He believes that the fact that Bullish has come down in price a bit is a positive sign, as it indicates that the market is not completely "crazed" with the new listing.
However, Cramer remains optimistic about the long-term prospects of Bullish and other AI stocks. He believes that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. The article suggests that investors interested in an "extremely cheap AI stock" that is also a major beneficiary of Trump tariffs and onshoring should check out the free report on the best short-term AI stock.
Overall, the article provides a balanced perspective on the recent listing of Bullish on the NYSE, with Cramer's commentary offering insights into the market's reaction and the potential opportunities in the AI stock sector.
