So 11 months into this plunge now amounting to 79% of the stock price, and despite the ridiculous price spike of the shares until November 2 to holy-cow levels, and despite the serial warnings since then, 16 analysts of 22 still have a buy-rating on this stock, and only 5 have a hold rating, and none have an underweight or sell rating, according to WSJ data.
How much does a company’s stock have to drop before Wall Street analysts warn their investors with a sell-rating? -90%? This is on top of the constant hype and hoopla spread around the media and the internet. But then, anyone who still listens to it and makes investment decisions based on this hype and hoopla has it coming.The 5x Spike & Now Implosion of Generac’s Stock Shows What Went Horribly Wrong in the Markets since Feb. 2020 | Wolf Street