Post by
trustee9 on Mar 24, 2021 4:15pm
Reversion to the mean
The 50 day moving average is at $7.72. When share prices rise far above the 50 day moving average, they correct back down to the average. This is called reversion to the mean and is technical in nature.
Fundamentally there is nothing wrong with the company since discussions and work with the clients are still on track. Any material change would have to be communicated to investors and the market.
Comment by
longdon on Mar 24, 2021 4:33pm
I just placed my order to buy 500 shares at 7.73. Do you guarantee that I will be filled?