haha you are right how the fools fall for it. But then comes back at the end of the day, so who knows who they are trying to entice. Surely those who go long in the first 15 minutes end up selling at a loss within an hour. The same for the amateur shorts shorting on the wrong signal. Jesse Livermore would have a field day here.
They just want him around. He most likely knows aspect of deals nobody knows. On time, he will be discarded.
That was average price and volume. Not a trade. Last after hours trade $8.64. Opens higher tomorrow.
My take on this low price is that it is generally a low quality stock.
By many measurements their management is not performing. That is not to say their products are superior. Just that they are managing their assets the wrong way and that those assets are not producing the earnings and cash flow that could otherwise be achieved by superior management.
So it is a cheap stock because it is a low quality stock.
Just more demand for their products or expanding their product line will not do. This company needs better management.