What’s Propelling Fastjet PLC to Reach All-Time Low?

 What's Propelling Fastjet PLC to Reach All Time Low?

The stock of Fastjet PLC (LON:FJET) reached all time low today, Nov, 24 and still has GBX 15.04 target or 6.00% below today’s GBX 16.00 share price. This indicates more downside for the GBX 16.94M company. This technical setup was reported by Barchart.com. If the GBX 15.04 PT is reached, the company will be worth GBX 1.02M 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. The stock decreased 6.57% or GBX 1.12 on November 24, hitting GBX 16. About 445,613 shares traded hands or 626.12% up from the average. Fastjet PLC (LON:FJET) has declined 44.98% since April 26, 2016 and is downtrending. It has underperformed by 50.39% the S&P500.

More important recent Fastjet PLC (LON:FJET) news were published by: Fool.Co.Uk which released: “Are Old Mutual plc, Redrow plc and Fastjet plc ‘buys’ after today’s updates?” on June 28, 2016, also Fool.Co.Uk published article titled: “Would Warren Buffett Buy Fastjet PLC Instead Of Thomas Cook Group plc And …”, Fool.Co.Uk published: “Why are Fastjet plc (+15%), SThree plc (-8%) and Koovs plc (+13%) among today …” on June 10, 2016. More interesting news about Fastjet PLC (LON:FJET) was released by: Fool.Co.Uk and their article: “Will Fastjet PLC, easyJet plc And International Consolidated Airlines Group SA …” with publication date: March 07, 2016.

fastjet Plc is the holding company of airlines, such as fastjet Airlines Limited and fastjet Zimbabwe. The company has a market cap of 16.94 million GBP. The Firm is engaged in providing airline services. It currently has negative earnings. The Company’s divisions include Tanzania, Zimbabwe, Central and Angola.

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