![]() ![]() I think they’ll get it eventually, especially as the core business is strong, but it’s too early and too difficult to gauge when and where to buy the inevitable pullback. Now that Helios and Matheson is on the map and it has made a lot of people fortunes not seen since the go-go days of the late 1990s, there will be an audience that’s looking for an encore. That doesn’t mean a few years from now this won’t be a stock worthy of a much higher valuation. I think the company is great, too, but the recent strength is just too much too soon. The CEO, Mitch Lowe, who is one of the founders of Netflix, Inc. (NASDAQ: NFLX), has appeared on my Fox Business show twice this year and I think he’s great. It has been a crazy ride, and because of that as well as the fact that HMNY stock has gone on a 700% run over the last couple of months, I can’t chase it at this level. Too Much Too Soon for Helios and Matheson However, they did manage to win back some ground. The big move in the early part of this month crushed these guys, and many started to blink. It’s now up only 32% within the past month rather than the colossal three-figure percentage gain seen earlier.Ī lot of the recent volatility has to do with the shorts, which account for about 20% of the public float. 11 - a 146% jump from the following Friday - before dipping into the end of the week. And it’s really been on a roller coaster ride in recent days.įor example, Helios and Matheson climbed as high as $38.86 on Oct. HMNY stock took off as a result of the announcement, climbing from prices around $2 all the way up into the $20 range in the following months. ![]() This is a breakthrough service, and for those of you who frequent the theaters, it’s quite a steal. At one point the subscription cost upwards of $50, but now it’s just $9.95 a month. MoviePass is a subscription-based online ticketing service that gives its customers access to 91% of movie theaters in the United States. 15, when it announced the purchase of a controlling stake in MoviePass for $27 million. The company really became relevant on Aug. That on top of its huge upside growth potential is what originally led my eye to HMNY stock. HMNY is a “Big Data” company through and through. Helios and Matheson is an information technology company, providing services like application value management, application development and other analytics services to clients in the financial services and healthcare industries. Before I explain why, let me first tell you a little bit about the company. ![]()
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