On CNBC's Fast Money 360, Michael Pachter of Webush said that RadioShack Corporation (NYSE:
RSH) is overvalued. He thinks that cellphone sales look strong, but all the other concepts of their business is declining. Mr. Pachter thinks that Best Buy (NYSE:
BBY) won't buy RadioShack (
RSH), and he is a seller of this stock.
Carter Worth is also bearish on RadioShack Corporation (
RSH). He said that its 100-day moving average has started to flatten. The stock looks like it is stuck at $20, and there are some signs of a rollover cast. He is also a seller of RadioShack Corporation (
RSH) ahead of earnings.
Jon Najarian said that the straddle in RadioShack Corporation (
RSH) is pricing in a move of $2.40, which is almost 12%. He doesn't believe that RadioShack Corporation (
RSH) will outperform, and he also doesn't think that someone will buy this company. Jon Najarian thinks that it would be best to stay away from this company.
RadioShack Corporation (
RSH) fell 1.72% today, and closed at $20.63.
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