Is Genius Brands International Stock a Buy?
Over the past few months, shares of Genius Brands International (NASDAQ: GNUS) have gone on an incredible ride. If you'd managed to buy shares at the absolute bottom on April 2, and get out at the (so far) top on June 3, you'd have captured an insane 3,350% in gains. In two months.
So why the big run-up? In short, bulls have become convinced that the company is set to be the next streaming-media darling.
But since that peak, shares have fallen every trading day (at this writing) and are now down about half off the high. This follows a filing with the Securities and Exchange Commission disclosing a number of investors in a March offering plan to sell some of their shares (possibly at enormous profits) in the very near future, and a report from a short seller poking several holes in the thesis that Genius Brands is set to be a big winner from here.
Source Fool.com
