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re: Carvana stock

Posted on 7/19/23 at 7:56 am to
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 7/19/23 at 7:56 am to
quote:

Had this when it was at 6 bucks and sold it because i was told by the so-called professionals this was going bankrupt.


Carvana themselves said they were probably going bankrupt.

They were bailed out by retail investors the same way AMC was. The stock popped 30% today after they announced a debt restructuring deal but also announced their intention to sell up to $1B in stock too. People are weird.
Posted by Sterling Archer
Austin
Member since Aug 2012
7364 posts
Posted on 7/19/23 at 9:47 am to
quote:

The stock popped 30% today


Up to 35% now
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