Q: Peter and His Dream Team
WELL just reported significant services increase for 2024 yet the stock is down 20%. Your assessment please. Are we getting close to the bottom? Thank you as usual.
WELL just reported significant services increase for 2024 yet the stock is down 20%. Your assessment please. Are we getting close to the bottom? Thank you as usual.
5i Research Answer:
Probably; investors are reacting to the delayed filings, but the stock had already gone down quite a lot as the filing was expected some time ago. WELL has also executed options to take control of AIDX, which we see as more of a positive move. But it is a very shaky market right now, and WELL shares are not alone in gettinghit. But we think it recovers well enough over time.