52 week Low
All U stocks are suffering & will continue to suffer. There might be a small / tight UUU payout trade. After that tax loss selling in full swing. U stocks are suffering becasue of U post prices. Do not see any improvement in short term.
2 nd trade would be tax loss selling.
I saw some post that there is a meeting on Oct 30 for revrse split. I did not see that news does not show up on any of my patforms. If they are going to do a reverse split then it should be 1 to 5 or maximum 10 not more than that. First they should avoid reverse split for a few years till U prices rebound. If they do a reverse split of 1 to 50 the present shareholders are cooked.
I to 5 will take the share price to about $.65 10 to $1.30 The stock price a dollar will work in the present conditions. But 1 to 50 will take the price to $6.50. That price is not sustainable for the share price. From $6.50 with very few shares still the stock will drift. Some of the penny traders investors will wait a long time till the stock get beaten up really bad. The float will also become too small just 20m shares