ATUS stock was at $1.77 yesterday, this morning it’s up to $2.55. You can’t help but wonder what scam was worked.
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I agree with the above post regarding interest rates and yesterday’s Fed announcement. This has nothing to do with PD or a scam. That’s not how the market works. Daily movement in stock prices usually reflect buyer’s or market sentiment and “demand”. The Altice stock price rose because “traders”, those looking to make money on the ups and downs of prices, began to grab a few shares in anticipation of demand rising for buying undervalued stocks due to what is perceived as good news regarding interest rates. IMHO the stock is still not worth buying. Will it ever be? Maybe when someone gets serious about buying the company or pieces of it or if someone comes up with some kind of new financing, which is extremely doubtful.
Stock is still down 92% since ipo. Imagine that... You give me a dollar and you can get 8 cents back
In the last few days the fed has been sending a message that interest rates won't go up anymore and could get lowered in 2024. So.....all heavily leveraged companies with tons of debt are seeing their stocks pop.