We are seeing new intraday highs... Def good news as it puts $14-$15 in play
The core holders are staying out because this stock has done well ytd. In fact, dxm is a top 50 performing stock in the Russell 2000. This means other fund managers who benchmark to this are going to feel the need to own this stock as well.
Just finding one new real money buyer for 1.0mm shares would cause the stock to really strengthen.
My guess is the stock will rally strongly after 2q results are reported. That is early August. Digital momentum is strong and employee morale seems high (look at glassdoor reviews)
Good point, they wont buy just because the pps is moving up. They look at management, losses and debt and walk away. They dont want to have to explain when DXM finally crashes and has a third bankruptcy.