SOLO Shares Jump 19% end of day today. Still a Buy?
SOLO Shares jump 19% end of day. Is it still a buy?
Shares of SOLO or Electra Meccanica jumped on Thursday by more than 19% and closed at $9.48pps, after an article was released of Improved Sales Visibility by SeekingAlpha.
Shares of SOLO were already up more than 20% in January as the Electric car market has been on major run since Biden took office.
Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Super SOLO, a sports car model; and Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through six retail stores. Electrameccanica Vehicles Corp. was founded in 2015 and is headquartered in Vancouver, Canada.
NTN Buzztime Announces Meeting with Shareholders. Stock Falls Sharply for second day.
NTN Buzztime Announces Meeting with Shareholders. Stock Falls for second day.
Buzztime has been moving uphill since September, and in last 45 days had some significant jumps. In mid September NTN was trading around $1.60pps and by end of January had hit highs above $5.20pps
That all ended in the last 2 days. Buzztime NTN fell on Wednesday this week by 20% intraday, from $6.38 to $4.82.
Just 2 hours after the market closed they released press and what was already a bad day got a bit worse.
By Market open today NTN shares started trading at $4.55 and have stayed under $5 most of the day.
NTN News -NTN Buzztime Announces Date of Special Meeting of Stockholders to Vote on Proposed Merger and Asset Sale