As a result, trading of the Company Common Stock, which traded under the ticker symbol 'SPRT' on NASDAQ, was suspended after the close of trading on NASDAQ on September 14, 2021." The company said every share of SPRT is "cancelled and extinguished and automatically converted" to the right to 0.115 share of GREE.
How has SPRT stock performed over the last 12 months?
SPRT stock has had a turbulent year, to say the least. Over the last 12 months it has risen considerably, up more than 860%. Shares really began to rise in March when talk of the deal first began, and peaked in late August when it became clear that the merger was becoming more and more likely to go through.
Are You Holding SPRT stock for a short squeeze?
Even today the stock continues to trend downwards. If you’re holding SPRT stock for a short squeeze, don’t worry. Some retail investors cashed in and shorts continue to massively short it. But the data doesn’t lie. Welcome to Franknez.com – if you’re subscribed to the YouTube channel then you saw my announcement about this particular article.
Is SPRT a good place to invest?
The float is smaller than AMC’s and GME’s, the short interest is higher, and there’s absolutely opportunity to make money here, at least according to the data. I’m personally just holding my position in SPRT for now.
What will happen to SPRT’s EBITDA after the merger with Greenidge?
It also forecasts a run rate higher than $160 million of EBITDA by the fourth quarter of 2022. When the merger is complete, SPRT stockholders and option holders will have a combined total of 8% of Greenidge’s common stock. Suddenly, Support.com was a rare mix of a penny stock, a meme trade and an opportunity for crypto exposure.
What happens to my SPRT shares after merger?
After Merger with Support.com, Greenidge Generation Provokes Interest. Remember SPRT stock? That's gone now, but no worries. Tech support specialist Support.com is still here – it's merged with Greenidge Generation (NASDAQ:GREE) and as a result, you can now trade GREE stock instead of SPRT.
What happened to my SPRT shares?
As a result, trading of the Company Common Stock, which traded under the ticker symbol 'SPRT' on NASDAQ, was suspended after the close of trading on NASDAQ on September 14, 2021." The company said every share of SPRT is "cancelled and extinguished and automatically converted" to the right to 0.115 share of GREE.
Will SPRT stock go back up?
Based on our forecasts, a long-term increase is expected, the "SPRT" stock price prognosis for 2026-10-28 is 19.626 USD. With a 5-year investment, the revenue is expected to be around +3864.93%. Your current $100 investment may be up to $3964.93 in 2027.
What happened with SPRT and GREE?
DRESDEN, N.Y., Sept. 14, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated bitcoin mining and power generation company, has closed its previously announced merger with Support.com, Inc. ("Support.com") (formerly NASDAQ: SPRT).
Who bought SPRT stock?
Greenidge Generation Holdings IncShares of Support.com Inc. sprt tumbled 16.5% in afternoon trading Friday, after soaring 34.8% over the past two sessions, after the customer and technical support services company said it shareholder approved the deal to be acquired by bitcoin mining company Greenidge Generation Holdings Inc.
Is SPRT on Robinhood?
Support-com shares (SPRT) are listed on the NASDAQ and all prices are listed in US Dollars....Buy Support-com shares from these brokerages.NameRobinhoodAsset typesStocks, Options, ETFs, CryptocurrencyStock trade fee$0Minimum deposit$06 more columns
Is SPRT still a buy?
SPRT stock has been having a great 2021, with a year-to-date return of more than 1,300%. However, investors should note those gains didn't happen gradually. For those who missed this rally, even getting in SPRT stock last month would have delivered a return of 317%.
Why did SPRT go down?
Support.com, Inc. (NASDAQ: SPRT) shares are trading lower after stockholders approved the merger with Greenidge Generation Holdings Inc. "We are grateful for our stockholders' overwhelming endorsement of the Support.com merger with Greenidge," said Lance Rosenzweig, Support.com President and Chief Executive Officer.
What is the ticker for SPRT?
SPRT Related stocksSymbol3M %ChgSPRT+176.35%Support.com IncFB-33.56%Meta Platforms Inc8 more rows•Sep 14, 2021
Will GREE stock go up?
Greenidge Generation Holdings Inc (NASDAQ:GREE) The 2 analysts offering 12-month price forecasts for Greenidge Generation Holdings Inc have a median target of 17.50, with a high estimate of 25.00 and a low estimate of 10.00. The median estimate represents a +237.19% increase from the last price of 5.19.
Should I buy GREE stock?
GREE has an average analyst recommendation of Buy. The company has an average price target of $27.50. GREE has an Overall Score of 56.
When did SPRT go public?
July 2000SPRT Stock Pre-Merger Announcement Support.com went public in July 2000. It sold 4.25 million shares at $14 apiece. It got its start in December 1997. “We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet.
Is SPRT going to squeeze?
SPRT Stock Is About To Squeeze: Get Ready SPRT Short Squeeze SPRT stock is up more than 860% year-to-date and is getting ready to blow. It saw more than a 180% jump last week and retail investors are anticipating this is only the beginning.
Why did SPRT go down?
Support.com, Inc. (NASDAQ: SPRT) shares are trading lower after stockholders approved the merger with Greenidge Generation Holdings Inc. "We are grateful for our stockholders' overwhelming endorsement of the Support.com merger with Greenidge," said Lance Rosenzweig, Support.com President and Chief Executive Officer.
Does SPRT squeeze?
SPRT Stock Has The Perfect Setup For A Short Squeeze The stock climbed before plummeting back down. Even today the stock continues to trend downwards. If you're holding SPRT stock for a short squeeze, don't worry.
Who did support COM merge with?
Greenidge Generation Holdings Inc.Support.com Stockholders Approve Merger with Greenidge Generation Holdings Inc. LOS ANGELES, CA / ACCESSWIRE / September 10, 2021 / Support.com, Inc.
What Happened With SPRT Stock?
SPRT stock has had a turbulent year, to say the least. Over the last 12 months it has risen considerably, up more than 860%. Shares really began to rise in March when talk of the deal first began, and peaked in late August when it became clear that the merger was becoming more and more likely to go through.
Why It Matters
I’ve maintained throughout the month that this deal will ultimately prove beneficial for both companies, and that it makes considerable sense for Support.com.
SPRT Short Interest & Utilization
I want to begin by saying that I personally took a position in SPRT stock when I saw that the short interest was at 75%. The utilization was around 90 and I decided to park some money in this momentum play.
SPRT Short Squeeze Prediction
A lot of retail investors who caught SPRT early took profits from the pump to our beloved AMC or GME plays. Kudos to you!
A Merger Sparked Its March Rise
In previous months, the stock traded below $5 and was thus a penny stock, which arguably contributed to the March surge. The volume of the stock is indicative of this, as by that point it was an average of less than 150,000. Suddenly, on March 22, the volume surged to 282 million.
Is Its Business Model Shifting or Changing Entirely?
The next day for big news on Support.com is Sep. 10, when the shareholders will meet to approve this pending deal.
SPRT Stock Earnings and Financials
In the second-quarter of 2021, Support.com’s financial results were not encouraging. Total revenue decreased to $8.5 million, a 23% decrease year-over-year.
Key Points
The meme stock is losing ground following shareholder approval of its merger with Greenidge Generation.
NASDAQ: SPRT
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What happened
Shares of Support.com ( SPRT ) are getting crushed Tuesday, trading down roughly 29.5% as of 2:20 p.m. EDT. Today's massive sell-off comes on the heels of a nearly 10% decline for the company's share price in Monday's trading.
So what
Support.com has attracted attention from investors on Reddit's WallStreetBets forum seeking to trigger a short squeeze and benefit from the potential merger between it and Greenidge Generation, and its share price had surged as buyers poured into the stock.
NASDAQ: SPRT
Support.com shareholders voted on the company's proposed merger with Greenidge on Sept. 10 and came out in favor of the combination of the businesses. Some investors may have been holding out for the potential merger as a new catalyst to send Support's stock higher, but that doesn't appear to be panning out.
Now what
Investors hoping to bank a quick profit appear to be moving out of positions in Support.com stock. For those still waiting on a renewed short squeeze, one potential bit of good news is that short interest in the stock is rising substantially again.
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Michael "The Big Short" Burry has activated his twitter again
Burry keeps making predictions and then nukes his account (deletes all his tweets) when he is wrong.
GameStop Reports Financial Results for Q2 2021
Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter.
Why is every other post here hinting at some huge market crash?
Is there something someone knows that I don’t. every other post on here hinting at some impending crash and it’s all doom and gloom. There’s no crash unless another 2008 like crash or 9/11 or something worse than COVID happens you guys need to relax seriously. You guys see a small dip and start to panic .
Before you buy any stock, consider how much you're willing to lose, be willing to cut bait, unless you're perfectly fine with Bag Holding
Number 1 thing I ask myself before every trade. Am I willing to baghold this? If not, then I must think of my stop loss BEFORE I ever even buy any shares to begin with. Make peace with a potential loss before the trade even begins. If you can't make peace with the potential loss, then it's not a good risk/reward ratio.