Key Insights Significantly high institutional ownership implies Crimson Tide's stock price is sensitive to their...
On Monday, shares of software development firm Crimson Tide fell by 15% in early trading hours, following the announcement that one of its clients is entering administration. The news has raised concerns about the company's performance in the second half of the year. Despite this, Crimson Tide's shares were valued at 1.85 pence each as of (03:16 ET) 07:16 GMT, down by 0.35 pence from the previous trading day.
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...