GEMI falls despite Bitcoin recovery as analyst cuts price targets

GEMI falls despite Bitcoin recovery as analyst cuts price targets

Gemini Space Station (GEMI) shares fell despite Bitcoin recovering after Mizuho and Needham cut price targets, citing weak trading volumes. The stock also faces a shareholder lawsuit alleging misleading IPO statements. Trading near multi-month lows, GEMI shows strong selling pressure and negative momentum, having dropped nearly 79% from its IPO price.

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