Exide (XIDE) Moves Higher After Blog Concludes Selling 'Overdone'
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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.
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