The stock of Global Daily Fantasy Sports Inc (CVE:DFS) reached all time low today, Nov, 21 and still has $0.63 target or 14.00% below today’s $0.73 share price. This indicates more downside for the $35.49M company. This technical setup was reported by Barchart.com. If the $0.63 PT is reached, the company will be worth $4.97 million 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 42,250 shares traded hands or 83.67% up from the average. Global Daily Fantasy Sports Inc (CVE:DFS) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
More recent Global Daily Fantasy Sports Inc (CVE:DFS) news were published by: Forbes.com which released: “Business-To-Business Daily Fantasy Sports Company Signs Major Distribution Deal” on August 04, 2016. Also Marketwatch.com published the news titled: “Global Daily Fantasy Sports Inc. – Closing of $6 million private placement” on September 17, 2016. Forbes.com‘s news article titled: “Mark Cuban Invests In Daily Fantasy Sports Product” with publication date: January 07, 2016 was also an interesting one.
Global Daily Fantasy Sports Inc, formerly Lariat Energy Ltd, is a Canada company, which focuses on the business of the daily fantasy sports industry. The company has a market cap of $35.49 million. The Firm focuses DFS business. It currently has negative earnings. The Firm focuses on developing its DFS product for the international regulated markets.