Range Bound...SNC SP has been stuck between $21 and $24 since the Covid crash and has become predictable for the swing traders. I see it in the trading action. It will take a significant NR to crack this cycle. Institutional investment needed but I think they are waiting for the financial turnaround.
If SNC misses street again this quarter, the cycle will continue. Any educated guesses there?
Is SNC in better shape than 9 months ago? Most certainly, and when it breaks this cycle (and it will), it will be significant as short positions get reduced and institutions take a position.