The stock of Great Elm Capital Group Inc (NASDAQ:GEC) reached all time low today, Oct, 28 and still has $3.38 target or 10.00% below today’s $3.75 share price. This indicates more downside for the $33.73 million company. This technical setup was reported by Barchart.com. If the $3.38 PT is reached, the company will be worth $3.37M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 27,327 shares traded hands or 17.67% up from the average. Great Elm Capital Group Inc (NASDAQ:GEC) has declined 60.04% since March 28, 2016 and is downtrending. It has underperformed by 64.75% the S&P500.
According to Zacks Investment Research, “Unwired Planet, Inc. operates in the mobile Internet. The Company invests in and patents certain intellectual property for the mobile internet industry which allows mobile devices to connect to the Internet. Unwired Planet, Inc., formerly known as Openwave Systems Inc., is headquartered in Redwood City, California.”
More notable recent Great Elm Capital Group Inc (NASDAQ:GEC) news were published by: Seekingalpha.com which released: “Great Elm Capital Group, Inc.: A Favorable Risk-Reward Investment Opportunity” on October 03, 2016, also Streetinsider.com with their article: “Full Circle Capital (FULL) to Merge with Great Elm Capital (GEC)” published on June 24, 2016, Nasdaq.com published: “Great Elm Capital Group Proposes Rights Offering” on September 14, 2016. More interesting news about Great Elm Capital Group Inc (NASDAQ:GEC) were released by: Nasdaq.com and their article: “Great Elm Capital Group Commences Rights Offering” published on October 14, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Great Elm Capital Group proposes rights offering” with publication date: March 26, 2013.
GEC Company Profile
Great Elm Capital Group, Inc., formerly Unwired Planet, Inc., incorporated on December 16, 1994, is a holding company. The Firm makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Firm continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value.
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