This has been a great 2 weeks for stocks. In this time AMC led the way and showed the shorter sellers the power of retail. This week, we saw the boosts of CLOV, BB, GME, TLRY, WKHS, CLF and CLNE. One name has probably been in everyone’s peripheral vision: UWMC.
Today was a mixed sentiment day with many of our tickers seeing pullbacks and folks taking profit. UWMC was able to weather the storm. In a full day session, UWMC not once dip below 6% green. It held strong even as the other popular ticker experienced sell downs. The reason for this is simple: it’s a GREAT company.
Here are just some highlights of upcoming catalysts:
Increasing short interest, 55% over the past few weeks. Despite the stellar performance over the last few days short interest went up.
Resilience to short attacks. Through the day there were several obvious short attempts to pull the down the stock but UWMC recovered instantly each time. This demonstrates an enormous pool of buyers with eyes locked.
Russell 2000 inclusion this Friday. I don’t think I need to point out the obvious benefits of ETFs in this play.
4% Dividends will be distributed on July 6th. Many of these dividend distributions will find its way back into the stock.
50K share insider purchase this morning. When memes go up, insiders sell. This is Not the case with UWMC. Insiders are buying! That’s how much management believes in the company.
There’s still the 300M share buyback that’s taking place while we ride.
Get ready boys, this will be a good one.
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