Could Schwarzenegger Have The Oprah Effect On Genius Brands?

Genius Brands International Inc GNUS spiked 19% Monday after announcing an investment and production by Arnold Schwarzenegger. PreMarket Prep co-host Dennis Dick said the move was justified.

“Sure, it should get a pop for that,” Dick said on Benzinga’s PreMarket Prep show, conceding that he hasn’t looked into the company’s valuation or fundamentals. “But you think about the Oprah factor with Weight Watchers WW — you get Arnold behind you, I don’t think it hurts. I think the move’s justified.”

Genius Brands ended Tuesday's session down 14.82% at $3.85.

Weight Watchers was highly sensitive to its Oprah Winfrey connection, spiking when she entertained a run for president and dipping when she sold shares.

Schwarzenegger To The Rescue: The Terminator will co-produce and star in an animated superhero show slated for 2021.

“I am honored to help realize Stan's vision of creating a children's cartoon series that not only entertains with superhero adventures, but also imparts valuable lessons about the importance of health, exercise, nutrition, anti-bullying, and diversity,” Schwarzenegger said.

He has decided to receive warrants to purchase shares as part of his compensation — a testament to his faith in the company’s performance.

Genius Isn’t Just About Arnold: PMP co-host Joel Elconin acknowledged that a variety of factors have contributed to Genius’ volatility in the last few sessions, including news that its “Kartoon Channel!” will be available on major platforms like Amazon.com, Inc. AMZN, Apple, Inc. AAPL and Comcast Corporation CMCSA, as well as a negative report by Citron Research.

“Invest at your own discretion,” Elconin said.

Genius Brands has a 52-week high of $11.73 per share and a 52-week low of 5 cents.

Related Links:

Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy'

Analysts React To Joe Rogan's Spotify Deal: 'This Is Undoubtedly A Coup'

Photo by Gage Skidmore via Wikimedia.

Posted In: Arnold SchwarzeneggerCitron ResearchOprahPreMarket PrepPenny StocksShort SellersMediaTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.