PVG launches Valentine's Day comeback Pretium and the Pretium warrants scored an impressive comeback today, February 14, Valentine's Day. PVG was up 3% while the warrants were up 13%. In two trading days the stock was down roughly $2.00, and the warrants dropped roughly $1.90 from a peak of about $4.90 down to a bottom of about $3.00. But today the correction in the stock price and warrants appears to be over. The stock price bottomed out at $15.25 before fighting back mostly in the last hour of trading to close at $15.91. The warrants closed the day at $3.55, up .41 (up .54 from the bottom). Those investors who are still holding onto the warrants know that the warrants can be a roller coaster ride, but it has been particular hard watching the warrants drop 38% from Friday's peak to today's bottom before clawing back. So, take a breath, it looks like the uptrend is resuming. (I hope I am not speaking too soon, but today's rebound was very strong.)
TC