"Street Sweeper Releases Short Report"
Magellan Pete Corp.
January 18, 2017 at 12:15:00 pm (EST) — TheStreetSweeper.org releases a short report siting eight key risks facing the stock.Read The Street Sweeper Report
A couple minutes after the report was released, NewsHedge alerted its clients to the unusual trading event at 12:17:44 pm (EST) as shares swiftly dropped from $16.70 to $15.34.
As news broke, Wall Street instantaneously took to Twitter to share information. According to Metricle's quantitative Twitter data, Twitter posts for Magellan Pete produced a negative "sell" signal—as visually seen below.
Over the next several trading sessions, our quantitative data continued to produce a negative "sell" signal—giving our clients even more conviction to remain short, or to add to their short position.
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