Jan. 5 at 3:01 PM
$ASPN nice to see big move up today (+8.5% in first 30 minutes of trading). Not seeing any news/ratings changes to explain today's move. Let's hope its confirmation that massive selling pressure from 3Q earnings (exacerbated by year-end tax loss harvesting) is officially over.
I will leave technical analysis to others, but see ability to hold above
$3 as important psychologically. From institutional investor perspective
$5 share price,
$500 mln market cap are important for inclusion in investable universe, so there is a long way to go before
$ASPN get's back on radar for many except the deep value/special situation players.