(NEW YORK)–After a major run, and even more painful pullback, Genius Brands International, Inc. (NASDAQ: GNUS) may be in process of finding a bottom for potential short cover rally off these levels.
The developing kids cartoon network saw its stock surge Tuesday on news that it came to an agreement with all of its existing senior secured convertible noteholders to have the noteholders pre-pay their Notes.
Ludlow Research made note to its subscribers that following GNUS major run in early June it was only normal and expected to see a retracement in the stock, and based on some technical factors GNUS may be in process of forming a chart reversal and setting stage for possible rally off these levels.
After rallying to $11 in early June the stock took on some heavy short positions as the stock was extremely over bought at that time with RSI above 90. Now, after a considerable pullback GNUS could be setting stage for a very strong short cover rally off the $3.00 level based on these high levels of short positions needing to cover on any possible chart reversal.
To request a free copy of Ludlow Research opinion on Genius Brands (GNUS) please register at https://wallstreetnewscast.com/investors/
About Genius Brands International
Genius Brands International, Inc. (Nasdaq: GNUS) is a leading global kids media company developing, producing, marketing and licensing branded children’s entertainment properties and consumer products for media and retail distribution. The Company’s award-winning ‘content with a purpose’ portfolio includes the upcoming Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger; Rainbow Rangers for Nick Jr.; Llama Llama, starring Jennifer Garner, for Netflix; award-winning toddler brand Baby Genius; adventure comedy STEM series Thomas Edison’s Secret Lab; entrepreneurship series Warren Buffett’s Secret Millionaires Club; and Stan Lee’s Cosmic Crusaders, created with Stan Lee’s Pow! Entertainment. Through licensing agreements with leading partners, characters from Genius Brands’ IP also appear on a wide range of consumer products for the worldwide retail marketplace. The Company’s new Kartoon Channel! is available in over 100 million U.S. television households via a broad range of distribution platforms, including Comcast, Cox, DISH, Amazon Prime, Sling TV, Apple TV, Roku, Amazon Fire and more. For additional information, please visit www.gnusbrands.com
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. In Compliance with SEC Rule 17B WSNC was not compensated for this media alert. WSNC, or any of its affiliates, holds no positions in securities mentioned above. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial adviser before any and all investments.
Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial adviser before making any and all investment decisions when investing in these type of securities
- Has Genius Brands (GNUS) Finally Found Support for New Rally? - June 24, 2020
- Inpixon (INPX) Contact Tracing Technology Could Assist Economy Reopening - April 24, 2020
- Viemed Healthcare (VMD) Ventilators for Homecare of Elderly - March 15, 2020
- Coronavirus: DeepSkyOne Launching No-Contact Delivery App for Home Deliveries - March 8, 2020
- China Pharmaceutical (CPHI) Launching Sanitizer Cleaner for Coronavirus - March 8, 2020
- Top on Coronavirus Stocks Called as Warmer Temps Points to Early End to Virus Season - February 27, 2020
- Coronavirus Stocks Surge Back as Infection Cases Spread - January 30, 2020
- SinglePoint (SING) Outlook on Solar Shines Bright for 2020 - January 29, 2020
- XCPL Business Services Could Provide Boost for Stock Price - January 29, 2020
- Hammer Wireless Launches Telecom Service in Caribbean and Africa - January 23, 2020