Aug. 18 at 4:09 PM
$PLBY Alrighty then! That was a quick after earnings gap fill. Went from a close of
$1.18 on Monday, August 10, opened @
$1.51 with a high of
$1.60 on Tuesday, August 11, back to a close of
$1.18 yesterday. It looks like it touched
$1.18 on August 12 as well.
Hopefully stock moves higher from here! 📈💵 It does seem like the market is paying attention to Playboy's share repurchase of Fortress Investment Group's 16.6 million shares @
$1.05 in the short term. @evan_michael provides a nice explanation of this in the comments of his August 13 post. Stock should be much higher after the Q2 earnings report IMO. Other than possible increased short pressure, I'm not seeing any other headlines or reasons why the stock is trading back down to current levels.
