Reminds me of the weed stocks 10 years ago. Everybody thought they had the next hot thing. Lot of Tilray and Sundial bag holders still waiting.......and waiting...
bczeus
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Multiple 5% daily declines after huge earnings??? Something doesn’t feel right with this one.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rush Street Interactive with a $25.80 average price target, representing a 60.0% upside. In a report issued on February 24, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $25.00 price target.
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Rush Street Interactive Inc : Benchmark raises target price to $34
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Revenue was $100.0 million during the fourth quarter of 2020, an increase of 260%, compared to $27.8 million during the fourth quarter of 2019.
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Something is up. Warrants popped yesterday at close on abnormal volume and today common. Get it while you can.
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This is shorted because most SPACs have a very predictable model. They run up after merger, slide back till first earnings report (profit takers) then settle into price range.
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43.12m shares outstanding. 69% of shares held by institutions. Do with that what you will.
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Let’s see...last time it ran to these levels the company did an offer at $2.75.....who ran the book on that one???????????? Lmao!
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Very strange price action on this one. Almost like someone doesn’t want that price above a certain number ;-)for 20 of the first 30 trading days....Watch your warrants is all I’m saying.
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Warrants still trading at a discount!!
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Will be back to even by close. Low volume
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