Exide (XIDE) Moves Higher After Blog Concludes Selling 'Overdone'
Get Alerts XIDE Hot Sheet
Join SI Premium – FREE
Shares of Exide Technologies (Nasdaq: XIDE) moved higher on Monday after Seeking Alpha said the stock could be a "compelling speculative buy."
A blogger said, "I decided to take a position in the company because I think the selling has been overdone compared to the actual information that has been released. There are still several issues Exide needs to work through, and I wouldn't be betting the farm here by any means, but the risk/reward metric is definitely attractive at the moment."
Shares are higher by 14 percent.
A blogger said, "I decided to take a position in the company because I think the selling has been overdone compared to the actual information that has been released. There are still several issues Exide needs to work through, and I wouldn't be betting the farm here by any means, but the risk/reward metric is definitely attractive at the moment."
Shares are higher by 14 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC lifts S&P 500 target to 5,300, adjusts EPS forecast
- Can the Baltimore Bridge collapse reignite inflation? Analyst answers
- US futures, GameStop, falling yen - what's moving markets
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!