20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Xponential Fitness, Inc. (NASDAQ:XPOF) shares are trading lower on Tuesday after Fuzzy Panda Research issued a short report on the stock.
What To Know:
The short report, titled, "Xponential Fitness (XPOF) - 'Abusive Franchisor That Is A House Of Cards,'" claims:
- More than 50% of XPOF studios never make a positive financial return, and 80% of franchises are losing money each month while XPOF has increased the fees the company receives.
- Anthony Geisler, XPOF CEO, and other insiders are consistently selling their XPOF shares with more than $167.5 million worth of shares sold by insiders in 2023.
- Geisler's character and professional resume includes past fraudulent business activity, criminal arrest record and a culture of sexual harassment.
The report stated, "Franchised businesses are only as healthy as their franchisee base, and a large part of Xponential's franchisee base is bleeding red ink every month ... We believe the XPOF house of cards is beginning to fall."
Benzinga reached out to Xponential Fitness for comment on the short seller report, but has not received a response.
Related News: Why Carnival (CCL) Shares Are Higher Tuesday
XPOF Price Action: According to Benzinga Pro, Xponential Fitness shares are trading down by 34.5% at $16.45 at the time of publication.
Image: Mohamed_hassan from Pixabay
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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