Actionable news
All posts from Actionable news
Actionable news in INVN: INVENSENSE Inc,

Short INVN

Pacific Crest's upgrade on InvenSense (INVN) is baseless. The gyroscope maker is expensive and its technology has no customers yet. The ~ 10% intraday surge in the stock on Friday August 12 will likely not last.

Pac wrote:

Shares of InvenSense Inc. INVN, +3.68% surged 4.3% in premarket trade Friday, after Pacific Crest turned bullish on the maker of gyroscopes used in smartphones, on the belief that the rise of Pokemon Go and...