Liquidity Services (LQDT) On Bounce Watch... Again
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Traders are again watching Liquidity Services, Inc. (Nasdaq: LQDT) for a bounce after Monday's 25 percent slashing on a negative independent research report.
After numerous analyst defenses yesterday, another firm is out in defense of the stock today. Oppenheimer said the shares are oversold and said yesterday's report had factual inaccuracies, and "over-reaching" conclusions.
Attempts to bounce the stock yesterday were mostly fruitless. However, shares are showing signs of life in pre-open trading at $38.95, up 1.3 percent.
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After numerous analyst defenses yesterday, another firm is out in defense of the stock today. Oppenheimer said the shares are oversold and said yesterday's report had factual inaccuracies, and "over-reaching" conclusions.
Attempts to bounce the stock yesterday were mostly fruitless. However, shares are showing signs of life in pre-open trading at $38.95, up 1.3 percent.
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*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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