Shift Technologies Keeps the COO In Park, Can It Jumpstart the Stock?

Based on its last earnings report, used car company Shift Technologies, Inc (SFT) reads fine as a company. However, the stock is as ugly as can be. The only company-specific catalyst I could find to assign blame was the expiration of a lock-up on insider shares earned from warrants. There is little reason to expect … Read more

Stock Chart Reviews: Snapshots of Santa’s Revenge

Stock Market Commentary It was a close call. The technical deterioration of the previous week put the Santa rally in peril. At the start of trading last week, the Grinch roasted Santa enough to ignite oversold trading conditions. Santa’s revenge came in the form of a sharp rebound out of the 1-day oversold period. Subsequently, … Read more

Stock Chart Reviews: Waning Market Breadth Exacts Its Toll

Stock Market Commentary Waning market breadth weighed on a broad swatch of stocks last week. I was compelled to let go of some of my worst losing stocks. I feature a few of them in this inaugural Stock Chart Reviews series. My pace of trades will likely slow for the rest of the year unless … Read more

Shift Technologies: Insider Buying Drives Stock Off All-Time Lows

Shift Technologies (SFT) soared another 22.8% in the wake of news of insider buying.

The Trade After a relative experienced a positive process in buying a used car from Shift Technologies (SFT) several years ago, I kept an eye out for the opportunity to invest in the company. That opportunity came this year with an acquisition by Insurance Acquisition Corp in the form of a SPAC (Special Purpose Acquisition … Read more