The political hope is meeting a financial reality, Tyler Richey told ABC News.
The political hope is meeting a financial reality: Sevens Report Analyst, Tyler Richey, Quoted in ABC News
Why is Trump’s Truth Social stock plummeting?
“The political hope is meeting a financial reality,” Tyler Richey, an analyst at Sevens Report Research, told ABC News.
“The valuation is just astronomical,” Richey said. “So it’s coming back to Earth.”
Supporters of Trump could seek to reverse the company’s declining stock price, Richey said.
“You may have some die-hard supporters come in and support the stock,” Richey said, noting that such a move could elicit a response from skeptics of Trump or the company.
“In this political environment, there’s just as many people that would bet against the stock as would be for it,” Richey said.
Also, click here to view the full ABC News article published on April 16th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.
If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.
To strengthen your market knowledge take a free trial of The Sevens Report.
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
