BofI pulls out of tumble after upgrade at RayJay

|About: BofI Holding, Inc. (BOFI)|By:, SA News Editor

BofI Holding (BOFI +7.7%) for the moment breaks out of a steep slide after Raymond James upgrades the stock to Outperform.

The decline began in earnest after Greenwich Research Group - writing on Seeking Alpha - suggested the heavily-shorted momo name trading at 5x book value had 65% of downside.