NAKD Stock: A Day Trader’s Dream and Value Investor’s Nightmare InvestorPlace 5/4/2021
Naked Brand (NASDAQ: © Provided by InvestorPlace a man and woman wear plain white underclothes from Naked Brand (NAKD)
If you ever needed to understand just how powerful the average retail investor has become, look no further than this embattled intimate apparel company.
Before this rally, the company seemed on a straight path to bankruptcy. However, Redditors have miraculously brought it back to life and pushed NAKD stock to dizzying heights.
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At the same time, the price movement has confounded value investors.
Every time it seems Naked Brand is down for the count, a press release turns its fortunes around, making sure every analyst or value investor worth his or her salt knows who’s in charge of the markets these days.
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The Recent Rally in Naked Brand Stock Was Never Built to Last InvestorPlace 3/4/2021 © Source: Shutterstock a man and woman wear plain white underclothes from Naked Brand (NAKD)
I get it, I get it, I get it: Companies otherwise pronounced dead on arrival can move some investors to kick away the cemetery dust with glee. Such is the case with
Naked Brand (NASDAQ:
NAKD). NAKD stock was trading at just 19 cents per share as of New Year’s Day. It hit a mind-boggling peak of $1.65 by the end of the month. © Provided by InvestorPlace a man and woman wear plain white underclothes from Naked Brand (NAKD)
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