What's pumping the price up? There may be several possibilities, but in failing companies it often means cutting expenses. Again, there could be several explanations, but labor is the easiest thing to cut.
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Less people more capital, quick matfs
"Pump up the jam, pump it up
While your feet are stompin'
And the jam is pumpin'
Look ahead, the crowd is jumpin'
Pump it up a little more
Get the party going on the dance floor
See, 'cause that's where the party's at
And you'll find out if you do that..."
https://investorplace.com/2023/12/3-cathie-wood-stocks-to-sell-before-its-too-late/
Below are three Cathie Wood Stocks investors should sell ASAP.
- Invitae Corp (NVTA): Balance sheet and cash burn raises major red flags.
- Nextdoor Holdings (KIND): Nothing exciting about the business’ long term growth prospects.
- 2U Inc (TWOU): The company’s long term debt should be worrisome for shareholders.
Run: https://investorplace.com/2023/12/the-7-worst-performing-stocks-of-2023/
Everyone’s excited for the layoffs tomorrow - it’s the only way 2u makes money these days!