What Rebound? A123 Systems (AONE) Down Again Following Huge Run, Negative Analyst Comments
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A123 Systems (Nasdaq: AONE) is getting slammed Wednesday, and were not just talking about the stock movement.
Following a 52 percent move higher Tuesday on the announcement of its new battery technology, Wunderlich issued some negative comments on the company, calling the new battery technology "all hype." For more color on the comments, click here.
Though it might seem like profit-taking, remember that A123 shares traded around $5 at this same time last year, hitting a 52-week high of $5.91 last July. Looking back even further, and shares were around $10 to $11 in July 2010, meaning there's still a long way to go if investors can finally say A123 is mounting a rebound.
Shares are down around 18 percent on the session. Option implied volatility is down 17 percent from the close Tuesday.
Following a 52 percent move higher Tuesday on the announcement of its new battery technology, Wunderlich issued some negative comments on the company, calling the new battery technology "all hype." For more color on the comments, click here.
Though it might seem like profit-taking, remember that A123 shares traded around $5 at this same time last year, hitting a 52-week high of $5.91 last July. Looking back even further, and shares were around $10 to $11 in July 2010, meaning there's still a long way to go if investors can finally say A123 is mounting a rebound.
Shares are down around 18 percent on the session. Option implied volatility is down 17 percent from the close Tuesday.
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