written by reader What’s UP with GAN?

By littlep, September 16, 2020

Does anyone understand why GAN’s price continues to decline. It seems like a fundamentally good stock in an area that I would expect to grow significantly (sports betting). Many “experts” are using price targets in the $25 to $30 a share range. Today it dropped significantly below $17. It continues to drop while competitors like Draft Kings and Kambi are doing well. Is it time to buy more on the dip, hold the significant share that I now own (down about 18%), or sell off some shares?

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September 17, 2020 7:56 am

It certainly is enigmatic. I bought in a month ago at ~21 and have watched it drop since. Yesterday I bet on fundamentals winning out and added to my position at 17, but once I get even I’m probably out.

As for a reason it Is underperforming, the only thing I can see is that their CEO, Dermot Smirfit, seems to be pretty quiet, i.e. not out there selling to investors. After 10 years at the helm, maybe it’s time For their Board to shake things up a bit…

September 17, 2020 10:23 am