Ubiquiti Networks (UBNT) Continues Lower on Volatility; Down 60%+ Since Q3 Report
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Ubiquiti Networks (Nasdaq: UBNT) is moving around again today as shares continue lower.
Implied volatility on the shares is up 12 percent on the session, compared with the close Wednesday.
Shares have seen just five up days in the last 20 sessions, and even less up days since reporting third-quarter earnings on May 1st. Despite a top- and bottom-line beat for the period, investors have been spooked, sending shares 60 percent lower since.
Today, the stock is down another 12.5 percent with about 150 percent more volume.
Ubiquiti's 50-dau and 100-day SMAs are just about flat at $26.54 and $25.81, respectively.
Implied volatility on the shares is up 12 percent on the session, compared with the close Wednesday.
Shares have seen just five up days in the last 20 sessions, and even less up days since reporting third-quarter earnings on May 1st. Despite a top- and bottom-line beat for the period, investors have been spooked, sending shares 60 percent lower since.
Today, the stock is down another 12.5 percent with about 150 percent more volume.
Ubiquiti's 50-dau and 100-day SMAs are just about flat at $26.54 and $25.81, respectively.
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