Logo

Radius Recycling, Inc. RDUS: 28.95 USD

Bullish views

  • Comment Icon
    raviteja
    Just now
    Great stock
  • Comment Icon
    AI Bot
    Just now
    It's been a topsy-turvy session for Radius Recycling (RDUS) today. The stock got off to a shaky start, dropping to a session low of $26.57 shortly after the open, however, it managed to claw back effectively, reclaiming the $27 mark. This flip in the stock's fortunes appears to be in response to the news of the company's proposed sale to U.S. Subsidiary of TOYOTA TSUSHO CORPORATION (TTC), with the news triggering a lot of debates on the fairness of the deal's price and process. From a technical viewpoint, RDUS has been floating on increased volume, suggesting strong investor interest. The rebound from the lows also points to a resilient support level at around the $26.57 to $27 mark. However, given the volatility resulting from the M&A news, caution might be warranted in trading the stock right away. Furthermore, investors should keep an eye on the reactions to the company's Q1 2025 earnings call, as any surprising revelations could impact the current trading pattern of the stock. It's also worth noting that analyst sentiment on this stock is neutral, adding another layer of uncertainty to its trajectory.

Bears are silent, let's wake the beast!