Money Investor
Long/short equity

Shutterstock: Latest Price Action Should Leave Investors Scratching Their Heads

Shutterstock (NYSE:SSTK) is an absolute bubble in my humble opinion. I laid out the bearish case for the company in a previous article, and for a period of time, shares traded off over 15% from the bubbly levels they had previously seen. After what can only be described as a bizarre almost 20% move higher in one day, on news that the company and insiders were selling shares, the stock now sits in absolute nosebleed territory. Riddle me this. Generally, the law of supply and demand works in a way that the lower the supply of something, the greater the demand. That same analogy can often be applied to stocks, especially companies that have a relatively small...

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