Dow Dips 150 Points; Nasdaq Down 1%
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping around 150 points on Wednesday.
Gutsy Generac Short Seller Gets Vindication – Albeit 118 Days Later As Shares Drop
In a short report on Generac Holdings Inc. (NYSE: GNRC) that was issued in June, Spruce Point Capital Management speculated the company might be
$100 Invested In This Stock 10 Years Ago Would Be Worth $400 Today
Generac Hldgs (NYSE:GNRC) has outperformed the market over the past 10 years by 5.69% on an annualized basis producing an average annual return of 15.75%. Currently, Generac Hldgs has a market capitalization of $7.18 billion.
Why United Airlines Shares Are Trading Higher? Here Are 43 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
SenesTech, Inc. (NASDAQ: SNES) shares jumped 102.6% to $0.47 after declining over 3% on Tuesday. SenesTech, during August, posted a Q2 loss of $0.21 per share.
Crude Oil Rises 1.5%; Generac Holdings Shares Plummet
U.S. stocks traded mostly lower midway through trading, with the Dow Jones falling around 50 points on Wednesday.
Why Generac Shares Are Getting Obliterated Today
Generac Holdings Inc. (NYSE: GNRC) shares are trading lower by 19.98% to $118.12 Wednesday morning after the company reported preliminary third-quarter EPS results are lower year over year. The company also lowered its FY22 net sales growth guidance and net income margin.
Generac Hldgs Q3Prelim. EPS $1.75 Down From $2.35 YoY, Sales $1.09B Up From $942.70M YoY
Generac Hldgs (NYSE:GNRC) reported quarterly earnings of $1.75 per share. This is a 25.53 percent decrease over earnings of $2.35 per share from the same period last year. The company reported $1.09 billion in sales
Piper Sandler Maintains Overweight on Generac Hldgs, Lowers Price Target to $210
Piper Sandler analyst Kashy Harrison maintains Generac Hldgs (NYSE:GNRC) with a Overweight and lowers the price target from $305 to $210.
Goldman Analysts Forecast 140% Upside On Sustainable Tech Play Generac
Generac Holdings Inc. (NYSE: GNRC) designs and manufactures standby generators, portable generators, lighting, outdoor power equipment and a suite of clean energy products.
Check Out What Whales Are Doing With GNRC
Someone with a lot of money to spend has taken a bearish stance on Generac Hldgs (NYSE:GNRC).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.