8/1/2023 0 Comments Reddit short squeeze![]() ![]() This suggests that DraftKings will not have more unexpected expenses of this size this year. It paid this out based on the anticipated revenue performance in 2021. The stock-based compensation cost the company $152 million out of the $186 million in expenses. DraftKings has over 400 million shares outstanding.ĭKNG stock could get short-squeezed soon. Chances are high that this post-SPAC stock has a broken business model. Investors bailed on the stock because the firm lost 87 cents a share. This is up from $900 million to $1 billion. Monthly Unique Payers in the B2C segment rose by 114%.ĭraftKings raised its revenue guidance to $1.05 billion-$1.15 billion. The company posted revenue of $312 million, up by 252.4% year-over-year. The stock lost 14.5% that week as selling accelerated after the earnings report. ![]() Reddit Stocks On Short-Squeeze Watch: DraftKings (DKNG)įor the week ended May 7, short float on DraftKings stock stood at 7.6%. CLOV shares will rise again on another temporary short-squeeze, at best. Shareholders have few reasons to find optimism from the outlook. It will post a net loss of ($210)-$(170) million. It expects revenue in the range of $820-$850 million. The write-down is related to one-time legal costs and costs from startup operations. In the last quarter, the firm forecast one-time non-recurring costs of $25 million for the full year 2021. His legal and regulatory experience may help Clover Health navigate the new medicare advantage markets. This does not change the fundamentals of the company. On April 15, Clover Health added Demetrios Kouzoukas, a former director of the Center for Medicare and Principal Deputy Administrator of CMS. FactSet (NYSE: FDS) posted a correction to the short float at the time, citing a 27% short float. Before that, the stock tested the sub-$8.00 level a few times before the rally. In April, Clover stock soared, possibly on the incorrectly posted 35% short float causing a squeeze. The Chinese government’s regulations will not slow this e-commerce giant’s growth by much. BABA stock is worth $301 based on a conservative outlook. Readers may adjust the assumptions by opening the finbox model link below the table posted above. This uses an EBITDA Exit multiple to calculate terminal value after five years. Investors may halve that growth rate by 2025 in a 5-year discounted cash flow EBITDA exit model. It removes a political unknown that weighed on the share price.Īlibaba will likely continue growing its revenue by at least 35% annually. At first, markets reacted favorably to the ruling. On April 10, China fined Alibaba $2.75 billion for anti-monopoly violations. ![]() This led to a long delay in the public listing of Ant Financial. Since late last year, Beijing unleashed a series of investigations and new regulations. Reddit users discussed on WSB a child’s uncanny resemblance to Alibaba’s co-founder and former Executive chair, Jack Ma.Īlibaba stock is underperforming because of Ma’s ties to the company. 2020, the China-based internet retail firm is due for a rally. After the stock’s sharp drop from a high of $319.32 reached last Oct. Source: Kevin Chen Photography / Īlibaba does not have a high short float, which is around 2%. There are six other Reddit stocks along with CLOV that could see short-squeeze gains. This $1 million investment in CLOV stock over two weeks ago is an exception. There, you will find a modest number of posts with very low upvotes (less than 500 in most cases). How did Clover Health drink the short-squeeze juice recently? Search for CLOV in the forum. And although it reversed the ban to allow posting about it again, GameStop will still have to trade on its merits.Ĭlover stock has gotten more of Reddit’s attention. The subgroup temporarily banned members from starting a thread about GME stock. Much has changed since GME stock peaked at $483, up from a $3.77 52-week low. The subreddit rose to the mainstream after the infamous Gamestop (NYSE: GME) short-squeeze earlier this year. Reddit is a forum whose subgroup (or sub-reddit), WallStreetBets, caters to the speculative trader. This is one of many Reddit stocks that demonstrated a classic short squeeze in the last few months. At the end of last month, shares of Clover Heath Investments (NASDAQ: CLOV) rallied from a “multiple bottom” signal. ![]()
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