Editor’s Note: If you haven’t had a chance to voice your opinion in our short survey, click here to do so now. We need your help making the upcoming Money & Markets Daily your go-to financial newsletter! Now let’s get into some of this week’s big movers and how they stack up in Green Zone Power Ratings…
Spirit Airlines (NYSE: SAVE): After the Justice Department blocked JetBlue’s acquisition of Spirit earlier this week, the budget airliner delivered its own blockbuster news. Spirit raised its financial forecast for the final quarter of 2023, and investors sent shares more than 20% higher before Friday’s open. This is still a “High-Risk” stock in our system though…
Rush Street Interactive Inc. (NYSE: RSI): Investors are piling into this “Neutral”-rated online gambling stock following bullish news from executives at a conference. Shares were more than 30% higher for the week by Friday afternoon.
Fastenal Co. (Nasdaq: FAST): Shares of the tool distributor popped more than 7% in aftermarket trading Thursday after a stellar quarterly earnings report. That’s a great sign of what’s ahead for this “Bullish” stock.
Plug Power Inc. (Nasdaq: PLUG): Shares of this renewable energy stock tanked almost 30% throughout the week after the company filed to raise $1 billion by offering new shares at market price. Green Zone Power Ratings has flagged this stock as “High-Risk” for a while now, and for good reason. PLUG has lost more than 95% of its value since hitting its January 2021 high.
This week’s biggest movers were rated all over the place in Adam’s Green Zone Power Ratings system. If you’d like to see every “Bearish” and “High-Risk” stock each week, click here to find out more about Adam’s “Sell Alert.”
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