RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:short interest of almost 12 million shares.Market didn't believe Q1 numbers would be good. CXR ran $10 a share after they were released.
I believe the market is more worried about guidance.
3StrikesUROut wrote: Last three weeks Friday Close has had a Drift Lower in share price
June 30 CLOSE $27.83 July 7 CLOSE $27.25 July 15 CLOSE $26.70 I don't believe this would have happened if the market believed in a buyout or Q2 numbers. I could not find a date for earnings. If the Q2 earnings are positive, it would be advisable for company to announce Q2 sooner than later.
wordless wrote: Earnings and guidance will be the catalyst(s). Be it positive or negative, the catalysts will be known in 4 weeks. It will tread until then.
3StrikesUROut wrote:
Rest of market reaching highs, stock will tread water with no catalyst to move higher