URL has been copied successfully!
System1 Inc. (NYSE:SST) shares are trading lower Monday morning. The stock is retreating from a massive rally during the previous session.
Nasdaq futures are up 0.77% while S&P 500 futures have gained 0.77%.
Technical Reversal Follows Massive Gains
The stock skyrocketed 142.34% on Friday to close at $3.32. This move occurred without a specific news catalyst on that day. The premarket reversal indicates traders are likely taking profits after the volatile spike.
Recent Earnings Performance
On March 11, the company reported a fourth-quarter loss of $1.65 per share. This result beat the analyst loss consensus estimate of $2.02 by 18.32%.
However, …
Please follow us:
This post was originally published here