Let’s play “pretend you’re an analyst” to kick off this special earnings edition of Snacks. In our game, you’ve been assigned to cover a stock that’s trading under $1 and therefore at risk of being delisted from the Nasdaq. The firm also recently sold a portion of its assets at a loss. On the other hand, it has filed for a reverse stock split that could boost shares back to a buck. Do you rate it “buy,” “hold,” or “sell”? Here’s what one analyst actually did and why.
The S&P 500 broke its seven-day winning streak on Friday, but the benchmark index ended the week up 3.6%. The Russell 2000 fell on the day, while the Nasdaq 100 edged higher.
