real-time news and commentary for investors
Thursday, Sep 26
FAB Universal plunges on under-the-radar dilution, bearish SA article
- Shares of FAB Universal (FU) -10.6% plunge after being up as much as 18.3% earlier in the day and 48.5% on the week after John Welsh points out that ~20M shares due to FAB's DEI merger unlock tomorrow and are unaccounted for in dilution figures.
- Meanwhile, SA contributor Investor RockieK observes that FAB has been aggressively spearheading a stock promotion campaign while insiders liquidate positions.
- The two events paint an interesting picture as momentum in the stock reverses.