Exide (XIDE) Moves Higher After Blog Concludes Selling 'Overdone'
Tweet
Share
E-mailGet 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
- Wolfpack Research: 'we are short FTK because their $400m deal has been canceled'
- NVIDIA to invest $100bn for OpenAI data centre in Ohio - FT
- Boeing lands two U.S. defense contracts worth over $711M
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!
