CRM Stock: Bearish Headwinds
Nothing makes great news headlines like a merger or acquisition. The school of thought has always been to short the company that is the acquirer and buy the company that is the target of the acquisition.
News broke on September 23, 2016, that salesforce.com, inc. (NYSE:CRM) is one of the companies interested in acquiring Twitter Inc (NYSE:TWTR), and this news was effective in sending CRM stock down 11.37% in a single session.
This selloff could have been seen as a one-off event based on the school of thought I outlined, but my.
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Nothing makes great news headlines like a merger or acquisition. The school of thought has always been to short the company that is the acquirer and buy the company that is the target of the acquisition.
News broke on September 23, 2016, that salesforce.com, inc. (NYSE:CRM) is one of the companies interested in acquiring Twitter Inc (NYSE:TWTR), and this news was effective in sending CRM stock down 11.37% in a single session.
This selloff could have been seen as a one-off event based on the school of thought I outlined, but my.
Den vollständigen Artikel lesen ...