--- title: "U.S. stock market midday update: Bitcoin Depot falls 12.20% due to the closure of five projects, market downturn intensifies investor confidence crisis" type: "News" locale: "en" url: "https://longbridge.com/en/news/287395567.md" description: "Bitcoin Depot fell 12.20%; Copart fell 1.47%, with a transaction volume of USD 294 million; Cintas rose 0.33%, with a transaction volume of USD 8.158 million; Sotheby's rose 2.11%, with a transaction volume of USD 54.75 million; Unifirst rose 0.36%, with a market value of USD 4.805 billion" datetime: "2026-05-22T18:38:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287395567.md) - [en](https://longbridge.com/en/news/287395567.md) - [zh-HK](https://longbridge.com/zh-HK/news/287395567.md) --- # U.S. stock market midday update: Bitcoin Depot falls 12.20% due to the closure of five projects, market downturn intensifies investor confidence crisis **U.S. Stock Market Midday Update** Bitcoin Depot fell 12.20%. Based on recent key news: 1. On May 22, five cryptocurrency projects, including Bitcoin Depot, ceased operations due to a prolonged market downturn. Reduced user activity and declining investments led to the closure of these projects, causing Bitcoin Depot's stock price to drop 12.20%. Source: NS3.AI 2. On May 19, Bitcoin Depot released original content through the EDGAR system, responsible for information disclosure. This announcement may affect investor confidence, leading to stock price fluctuations. Source: EDGAR 3. No other significant news recently. The cryptocurrency market remains sluggish, with increased risks. **Top Stocks by Industry Trading Volume** Copart fell 1.47%. Based on recent key news: 1. On May 22, Copart announced its third-quarter financial report, with net profit slightly declining to $402 million, despite a 2.1% increase in revenue to $1.24 billion. The report showed increases in service revenue and vehicle sales, but the decline in net profit put pressure on the stock price. Source: RTTNews 2. On May 21, Copart's stock price rose 3.58%, with significantly increased trading volume. Technical indicators show a bullish trend, with heightened activity in the used car market driving interest in auction business. Source: Zhito Finance 3. On May 22, analysts lowered Copart's stock price target to $41.62, although maintaining a "Buy" rating. The target price reduction reflects the market's cautious attitude towards the company's future growth. Source: FactSet The used car market is active, with significant macroeconomic impacts. Cinda Investment rose 0.33%. Based on recent news: 1. On May 21, Cinda Investment's annualized return over the past 15 years exceeded the market by 10.47%, with an average annual return of 22.59%. This long-term outstanding performance has boosted investor confidence, driving the stock price up. Cinda Investment's current market capitalization is $68.46 billion. Source: Benzinga 2. No other significant news recently. Market capital inflows, with stable industry performance. Ritchie Bros. Auctioneers rose 2.11%. Based on recent news: 1. On May 19, RB Global director Deborah Stein purchased 425 shares of common stock at a price of $103.15 per share. Her direct holdings increased to 1,825 shares. This news has enhanced market confidence in the company's management, driving the stock price up. 2. On May 20, The Wall Street Journal warned of a potential market crash, leading to fluctuations in investor sentiment. However, RB Global's robust performance and proactive actions by management have caused its stock price to rise against the trend. 3. On May 20, the market focused on the power consumption data in SpaceX's upcoming S-1 filing, which, although not directly related to RB Global, also affected the trading activity of the stock due to overall market sentiment fluctuations The overall market is volatile, and investor sentiment is unstable. **Stocks ranked at the top of the industry by market capitalization** Unifirst rose by 0.36%. Unifirst rose by 0.36%. There has been no significant news recently; trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. no\_news ### Related Stocks - [BTM.US](https://longbridge.com/en/quote/BTM.US.md) - [BTMCQ.US](https://longbridge.com/en/quote/BTMCQ.US.md) - [CPRT.US](https://longbridge.com/en/quote/CPRT.US.md) - [CTAS.US](https://longbridge.com/en/quote/CTAS.US.md) - [RBA.US](https://longbridge.com/en/quote/RBA.US.md) - [UNF.US](https://longbridge.com/en/quote/UNF.US.md) ## Related News & Research - [My City Builders files to deregister common stock under Exchange Act Section 12(g)](https://longbridge.com/en/news/294395865.md) - [Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July](https://longbridge.com/en/news/294299938.md) - [AITX unit RAD lands largest data center construction order for 12 RIO Mini trailers, 12 ROSA units](https://longbridge.com/en/news/294342492.md) - [NextPower accelerates U.S. manufacturing buildout, targets 10 GW capacity online within 12 months](https://longbridge.com/en/news/294412720.md) - [Marpai prices USD 12 million private placement of convertible preferred stock at USD 1,000 per share](https://longbridge.com/en/news/294260477.md)