Contrarian Casa Systems Aims to Re-Energize Business
My contrarian pick for today is Casa Systems Inc (NASDAQ:CASA), which has been kicked to the curb by investors, off a whopping 59% from its initial public offering (IPO) high of $34.21 in March 2018.
CASA stock looks pretty horrific on the chart but is trading sideways in a narrow channel looking for any evidence that things will get better.
CASA stock is what I consider to be a contrarian opportunity-a time when market demand for the stock is low as the company tries to work things out.
In these situations, contrarian stocks can subsequently surge if the underlying metrics improve. However, there.
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My contrarian pick for today is Casa Systems Inc (NASDAQ:CASA), which has been kicked to the curb by investors, off a whopping 59% from its initial public offering (IPO) high of $34.21 in March 2018.
CASA stock looks pretty horrific on the chart but is trading sideways in a narrow channel looking for any evidence that things will get better.
CASA stock is what I consider to be a contrarian opportunity-a time when market demand for the stock is low as the company tries to work things out.
In these situations, contrarian stocks can subsequently surge if the underlying metrics improve. However, there.
Den vollständigen Artikel lesen ...