WeWork Soared Over 12% on Wednesday Though UBS Issued a Major Warning on It

InvestorPlace2023-10-12

Shares of WeWork (WE) stock surged 12% on Wednesday.In fact, this move came amid a downgrade from UBS.There could be a short squeeze narrative building under the surface.Among the hardest-hit stocks ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1110944716?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-12 11:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1110944716","market":"us","top_or_hot":-1,"title":"WeWork Soared Over 12% on Wednesday Though UBS Issued a Major Warning on It","media":"InvestorPlace","content":"<div>\n<p>Shares of WeWork (WE) stock surged 12% on Wednesday.In fact, this move came amid a downgrade from UBS.There could be a short squeeze narrative building under the surface.Among the hardest-hit stocks ...</p>\n\n<a href=\"https://investorplace.com/2023/10/ubs-just-issued-a-major-warning-on-wework-we-stock/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WeWork Soared Over 12% on Wednesday Though UBS Issued a Major Warning on It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeWork Soared Over 12% on Wednesday Though UBS Issued a Major Warning on It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-12 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/10/ubs-just-issued-a-major-warning-on-wework-we-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of WeWork (WE) stock surged 12% on Wednesday.In fact, this move came amid a downgrade from UBS.There could be a short squeeze narrative building under the surface.Among the hardest-hit stocks ...</p>\n\n<a href=\"https://investorplace.com/2023/10/ubs-just-issued-a-major-warning-on-wework-we-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://investorplace.com/2023/10/ubs-just-issued-a-major-warning-on-wework-we-stock/","article_id":"1110944716","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110944716","pubTimestamp":1697079735,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Shares ofWeWork(WE) stock surged 12% on Wednesday.In fact, this move came amid a downgrade fromUBS.There could be a short squeeze narrative building under the surface.Among the hardest-hit stocks in t","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"WeWork周三飙升逾12%，尽管瑞银对其发出了重大警告","themeId":"1c2c6c4d35d44c31970c95cd7e9e782e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WE":1.1},"content_text":"Shares of WeWork (WE) stock surged 12% on Wednesday.In fact, this move came amid a downgrade from UBS.There could be a short squeeze narrative building under the surface.Among the hardest-hit stocks in the market, WeWork (NYSE: WE) continues to flirt with bankruptcy. The popular coworking company, which rents out office real estate to customers on a monthly basis, has seen its business dry up for a myriad of reasons. Accordingly, WE stock has sunk from a split-adjusted $520 per share to just $2.62 per share.As it turns out, analysts on Wall Street aren’t viewing this stock favorably. Investment bank UBS cut its price target on WE stock to $2.50 per share, while maintaining a neutral rating.Given that this price cut is just a few cents below where WE stock currently trades, investors looking to get into this company should be concerned. Stocks surged 12.73% on Wednesday.Let’s dive into what investors should make of this downgrade and today’s move in WE stock.WE Stock Surges, Despite Key Price Target CutAnalyst price targets and ratings aren’t everything for stocks, but they do inform investors and provide some insight into where the so-called smart money believes a given company will go. In this case, UBS’ downgrade is one that certainly makes sense.The post-pandemic reality we are living in is one that involves hybrid work models for most companies, with remote work much more commonplace than a few years ago. The entire business model that WeWork relies on has been thrown for a loop. And while things may revert back to pre-pandemic normal, it’s unclear if WeWork will be able to manage through the near-term pain, given the debt on its balance sheet.Of course, those looking for short squeeze opportunities certainly have an intriguing option in WE stock here. According to Fintel, about 8% of its float is being sold short and 0 shares are available to short right now. Thus, this may be another case of retail investors looking to take on hedge funds, given its 18% surge today.I’m not buying this move, but I do think volatility will be the name of the game moving forward. Thus, it’s buyer beware when it comes to WE stock.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110944716"}