Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned
Portfolio Pulse from Mark Putrino
Shares of SFL Corporation Ltd. (NYSE:SFL) dropped significantly after the company announced a $100 million share offering, causing investor concerns about dilution. However, the stock may bounce back due to potential capitulation and support at the $11.60 level, which could lead to a bullish setup.
July 25, 2024 | 4:36 pm
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SFL Corporation Ltd. announced a $100 million share offering, leading to a significant drop in stock price due to investor concerns about dilution. However, the stock may rebound due to potential capitulation and support at the $11.60 level.
The announcement of a $100 million share offering led to a significant drop in SFL's stock price due to dilution concerns. However, the potential for capitulation and the stock finding support at $11.60 could lead to a bullish rebound as buyers may push the price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100