Why Is TERAWULF INC (WULF) Stock Up Today?

TeraWulf Inc. shares rose 9.53% to $12.64, reversing a recent decline. The primary driver was a new rating from Morgan Stanley, which maintained an Overweight stance and raised its price target to $65.

What Happened

Morgan Stanley analyst Stephen Byrd stated the firm rarely sees a stock as mispriced as TeraWulf and other Powered Shell providers. The bank noted that the recent pullback is at odds with the underlying contract value of the company. This assessment follows a period of significant volatility where the stock experienced a 24.0% drop over the last eight sessions, falling from $14.97 to $11.38.

Retail traders on r/wallstreetbets are expressing confidence that short sellers are facing pressure, though these views remain opinion rather than established fact. The stock had previously seen bearish options flow identified when shares were down 8.58% and 12.11% in prior sessions.

What The Data Shows

The session opened at $11.01, a 4.6% gap down from the prior close of $11.54. The stock hit a session low of $10.35 at 10:00 AM ET before climbing to a high of $12.71 at 3:15 PM ET. Volume reached 83.2 million shares, which is 2.6 times the three-month daily average.

Fundamentals show a market cap of $6.6 billion with a beta of 4.25. The company is unprofitable with a trailing twelve-month EPS of -4.51, though revenue grew 14.6% over the same period. The 52-week range is $10.47 to $29.84. On October 15, 2026, the stock printed 58 fresh 52-week highs and 12 fresh 52-week lows.

Unusual options activity in the last 36 hours included 16 notable prints with call premium of $17.0 million versus put premium of $10.2 million. The largest single print was $6.5 million. Recent insider filings show two buys totaling $190,000 and three sells totaling $5.3 million in the last 90 days.

What To Watch

Investors will monitor how the stock reacts to the new $65 price target from Morgan Stanley. The coverage breadth includes six stories from four sources in the last 36 hours, with continued focus on the company's valuation relative to its contract value.