Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Naked Brand Group Ltd (NASDAQ:NAKD) shares are trading lower Tuesday as the stock falls below a key support level. The company recently entered into a definitive merger agreement with Cenntro Automotive, an EV technology company that has produced and shipped 628 newly launched model Logistar 200 vehicles.
Naked Brand closed down 8.91% at $5.01 at market close Tuesday.
See Related: What The Future May Hold For Naked Brand After Reverse Split: Technical Analysis
Naked Brands is continuing its free-fall following the reverse split. The stock is well below the $7 level shows where the stock has held as support in the past adjusted for the reverse split. Bulls are looking to see the stock bounce and start to turn around by forming higher lows. Bulls are then looking for the price to cross back above the $7 level and be able to hold above it. Bears are in control of the stock as it sits and are looking to see the stock continue to fall and hold below both of the moving averages and the $7 level.
Photo by Maria Teneva on Unsplash
Posted In: NAKD