RE:Macro isn't good for DRX short termLooks like they agree. GLTA
The recent sale of 3 million shares by the owners' family members at $17.31 appears to have placed a near term top on the stock, which continues to trade well below this level and 20% down from their recent high of $20.80. Do you believe this to be the primary reason for its weakness and loss of momentum ? What should investors expect from the company in order for stock to break out of this impasse ? Do you still see stock reaching $20-$25 level in 12-18 months ?
The insider sale probably worried some investors and is likely partially responsible. But small caps in general continue to struggle in the market as well. Continued contract wins and execution are needed to get the stock going again, but we remain highly confident that they will occur. We still think $20+ is certainly doable again. (5iResearch)