Q: Gentlemen;
Any news out that would explain the sell off yesterday? The stock has been on a tear so normal profit taking?
Any news out that would explain the sell off yesterday? The stock has been on a tear so normal profit taking?
5i Research Answer:
Trading volume increased, and the company announced the date of its next earnings release (Aug 9). But there was no other news. The stock remains up 40% this year. Best guess here is profit-taking.