One of the most popular retail stocks is no more as the company name and ticker have gone away via a stock merger that will see the company become a subsidiary of a larger organization. What Happened: Support.com, which previously traded as SPRT on the Nasdaq, is now owned by Greenidge Generation Holdings Inc (NASDAQ: GREE).
What's happening with support com's stock?
Sep 14, 2021 · The final approved exchange ratio of shares for the Support.com and Greenidge merger was announced this week. Common stock shares of Support.com will be canceled and automatically converted,...
Is support com stock up 1000% in 2021’s trading?
Sep 14, 2021 · What happened Shares of Support.com (NASDAQ: 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 ...
What happened to support COM?
Sep 02, 2021 · Support.com stock is now up roughly 1,000% in 2021's trading. What happened Shares of Support.com ( SPRT ) surged 291% in August, according to data from S&P Global Market Intelligence. The...
What happened to SPRT stock?
Aug 28, 2021 · What happened Shares of Support.com (NASDAQ: SPRT) soared on Friday in an apparent short squeeze. By the close of trading, the technical support company's stock price was up 33.7% after surging as ...
Is support COM delisted?
Merger. On September 15, 2021, Greenidge Generation Holdings acquired Support.com and delisted its stock from the Nasdaq.
What is the ticker symbol for support COM?
What is Support.com's stock symbol? Support.com trades on the NASDAQ under the ticker symbol "SPRT."
Who acquired support COM?
Greenidge Generation Holdings Inc.Shares 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.Sep 10, 2021
Why is SPRT delisted?
The company filed with the SEC after the bell yesterday and "requested that NASDAQ delist the Company Common Stock. 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."Sep 15, 2021
Is SPRT a buy or sell?
A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What is the stock price of support COM?
11.80Key Turning Points52-Week High59.69Fibonacci 50%30.65Fibonacci 38.2%23.80Last Price11.8052-Week Low1.621 more row•Sep 14, 2021
What happend to support?
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.Sep 23, 2021
Is support COM a real company?
"Support.com is a very good company. They provide top notch service to customers. I will highly recommend them to anyone." "I worked at Support.com for nearly 4 years, and in all the while I did good tech work, however the company offered very little room for growth and advancement.
What did SPRT turn into?
SPRT is undergoing the merger transition with Greenridge, ticker symbol GREE. The combined company will trade under GREE moving forward.Sep 15, 2021
What happens to SPRT options after merger?
If the merger is approved and consummated, each existing SPRT Common Share will be converted into the right to receive a number of GREE Class A Common Shares as described in the Proxy. Cash will be paid in lieu of fractional GREE shares, if any. The Greenidge Generation Holdings Inc.Aug 30, 2021
What does SPRT company do?
Its specific focus is on helping enterprises switch over to work-from-home settings for their employees. The company's services are supported by its own work-from-home agents that are available 24/7 every day of the year.Mar 22, 2021
Key Points
The stock became a favorite among meme-focused investors, and its price soared after a short squeeze.
NASDAQ: SPRT
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What happened
Shares of Support.com ( SPRT ) surged 291% in August, according to data from S&P Global Market Intelligence. The beaten-down tech and customer support stock soared after it became the latest short squeeze target favored by Reddit's WallStreetBets discussion board.
NASDAQ: SPRT
It's been the year of the meme stock, and a surprising number of 2021's best-performing equities owe their incredible performances to short squeezes and meme momentum aided by investing-focused social media communities.
So what
Short-sellers who placed bets against Support.com had the tables turned as a swarm of investors turned bullish on the stock. The fast-rising share price spurred short-sellers to cover the stock they had shorted, which had the effect of pushing the share price even higher.
Now what
Support.com stock had already started to pull back at the end of August, and it's started September's trading with another big sell-off. The company's share price fell roughly 23% on the month's first day of trading.
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What happened
Shares of Support.com ( SPRT ) surged higher on Thursday, climbing as much as 43.2% earlier in the session, ultimately ending the trading day up 41.1%. That's not all.
So what
While there was no specific news regarding Support.com today, there are a couple of tailwinds that have been driving the stock higher.
Now what
The escalating share price and the resulting short covering become a self-fulfilling prophesy, driving shares ever higher. The combination of high short interest and the fervor surrounding cryptocurrency was enough to drive Support.com into the stratosphere today.
An Inauspicious Start for GREE Stock
GREE isn’t a $1 or $5 stock, by any means, but it moves like one. By that, I mean it’s quite volatile.
Have Fun, but Be Cautious
By Sept. 21, the share price was below $30 and falling fast. So, is this a dip-buying opportunity, or just a falling knife to be avoided altogether?
The Bottom Line
So, there you have it: an investment involving a small helping of tech support, a heap of crypto mining and a dash of ESG for good measure.